NBG Securities

Historic summer for Greek banks – After 16 years they distribute a dividend of €814 million

For the first time since fiscal 2008, Greek banks are sending their shareholders to the “treasury” this summer. They will distribute dividends amounting to €814 million.

The dividend stay seals the return of Greek banks to normality, having travelled a difficult road for the Greek banking system.

Banks exceed expectations

The "big four" Greek banks - Alpha, Eurobank, National and Piraeus - posted impressive first-half results, analysts say, focusing on their strong profitability and its main underlying cause, interest and commission fees, but also the quality of their assets and their liquidity, which led all to adjust their end-year goals upward.