Greek Banks Post €2.6 Billion Profit in First Half of 2026

Greek banking groups recorded after-tax profits of €2.6 billion between January and June 2026, marking a 3.8% increase compared to the first half of 2025, according to the latest Financial Stability Review published by the Bank of Greece.

At the same time, the report notes that non-performing loans on banks' balance sheets rose to €6.2 billion, an increase of €529 million since December 2025. The rise was primarily observed in household mortgages and consumer loans, as well as among self-employed professionals and micro-businesses. The central bank emphasizes that despite these developments, the banking sector remains resilient and well-capitalized.

What does this mean for Israeli investors in Greece?

For Israeli investors considering property purchases or business ventures in Greece, official banking data provides essential insight into the country's credit conditions and liquidity. When planning a real estate investment in Athens or the islands, it is important to check the latest mortgage and loan conditions for foreign buyers directly with local banks or financial advisors, as lending policies may change. Always consult with an accountant or lawyer specializing in foreign investment in Greece to ensure proper guidance with the financial system and local authorities.

FAQ

What were the profits of Greek banks in the first half of 2026? Greek banking groups recorded after-tax profits of €2.6 billion between January and June 2026.

Did non-performing loans increase in Greece? Yes, non-performing loans on banks' balance sheets rose to €6.2 billion, an increase of €529 million since December 2025.

How does the Bank of Greece view banking stability? The central bank emphasizes that despite the rise in problematic loans, the total volume remains significantly lower than the March 2016 peak and the sector remains resilient.