Foreign ratings agencies offer reassuring reports concerning Greek banks, regarding the risks they face in the current period of turmoil in the international markets, after the bank bankruptcies in the USA and the contagion of the crisis in Europe, are continuous.

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.