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.
The market's eyes are now on the Ministry of Finance for the activation of the official sale process of the state participation in the country's four largest banking groups.
An increase in Euribor interbank interest rates by 100 - 110 basis points compared to current levels is the ideal scenario for Greek banks, since as number-crunching has shown, such a development will help boost their organic profitability, without creating particular problems for customers servicing loans.