The latest developments in the American financial system, after the collapse of Silicon Valley Bank and the subsequent bankruptcy of Signature Bank, do not cause any concern to the managements of the Greek banks.
Jefferies started covering Greek banks. The American investment house reports that Greek banks are not the typical recovery story as many think, however, the momentum of interest income is strong and offers great upside in the short term.
Credit ratings agency Fitch on Monday raised the credit rating of three major Greek banks, Eurobank, National Bank of Greece and Alpha Bank, after upgrading the credit rating of Greece's economy to one notch below investment grade last Friday.