Goldman Sachs has conducted a major reassessment of the valuations of Greek banks, highlighting the key growth drivers for all four major banks as they enter a new phase of profitability. According to the recent report, the growth of lending will remain a primary driver of the banks' performance, supported by strong corporate loan portfolios and gradual improvements in household demand.

The report also emphasizes that this growth in lending will be complemented by resilient net interest margins, as the European Central Bank’s rate cuts have largely been absorbed. Additionally, there is an observable shift towards diversifying revenue streams among the four banks, with targeted increases in fees both organically and through partnerships and acquisitions.

Goldman Sachs indicates that the trajectory of Greek banks over the past few years has evolved from a focus on capital adequacy and asset quality to now embracing profitability and growth strategies. This marks a pivotal moment for the Greek banking sector, potentially signaling a robust recovery and increased investor confidence in the future stability of these financial institutions.