Greek banks’ future appears bright, reports claim | Business

A flurry of reports on the Greek credit sector confirmed the positive view held by foreign firms on local banks these days.

HSBC argued that mood toward Greece keeps improving, with advances in consumer confidence and the financial sentiment indexes, narrowing Greek spreads and growth in property prices. Yet, despite the favorable macroeconomic developments, Greek bank stock valuations have not moved any higher after the July post-election rally.

The lender is therefore upgrading its…