Greek Banks Projected to Loan €46 Billion from 2023 to 2028

The major Greek banks are set to disburse loans totaling approximately €46 billion between 2023 and 2028. Projections indicate that loan activity will reach €11 billion annually in 2025 and 2026, followed by €12 billion each year in 2027 and 2028. This substantial increase began in 2024, with net credit expansion reaching €12–13 billion, including a significant syndicated loan of €2.5 billion. Business loans have driven this surge, but residential lending is expected to grow significantly in the coming years. During recent updates for analysts following their 2024 results announcements and at the Morgan Stanley financial conference in London, Greece’s four largest banks outlined their plans: Alpha Bank aims to expand its performing loan portfolio to over €35.5 billion in 2025 and beyond €41 billion by 2027. National Bank forecasts an annual growth rate of around 8% in performing loans, primarily driven by business loans growing at over 9%. Eurobank anticipates organic growth through further credit expansion at about 7.5% annually, targeting €3.5 billion in net credit extension for 2025 and cumulative growth of €11.2 billion from 2025 to 2027. Piraeus Bank projects steady increases in its loan book, aiming for approximately €36 billion in 2025, €39 billion in 2026, €42 billion in 2027, and €45 billion by 2028.