Επισκόπηση Τραπεζικών Συστημάτων ΝΑΕ-5 έτους 2024 & Προοπτικές

Key Takeaways:

• SEE-5 banks’ profitability hit new record-highs in 2024, on the back of still favourable interest rate trends and rising lending growth, continuing to outperform EU standards
• Stronger credit expansion, amid solid economic growth, should partly compensate for narrowing -- albeit slowly and from a high base -- net interest margins over the forecast horizon
• Higher provisioning rates to accommodate for increased uncertainty should weigh on profitability, with the latter projected to remain above historical average levels over the forecast horizon, nonetheless
• Real estate market overvaluation warrants caution
• SEE-5 banks’ strong fundamentals limit downside risks
• Banking penetration in SEE-5 is low, in line with the region’s lagging income in relative terms, suggesting that there is scope for strong expansion