Prime Minister Kyriakos Mitsotakis referred to the exceptional investment opportunities that Greece now offers in a video message as part of the 27th Annual Capital Link Invest in Greece Forum.
Addressing the audience of the Capital Link Invest in Greece Forum, Prime Minister Kyriakos Mitsotakis spoke about the “high growth opportunities” that our country offers, while at the same time speaking about “excellent investment opportunities that exist in Greece in many sectors.”
Referring to the financial sector, he emphasized that “we are attracting increasing volumes of foreign direct investment and financial investments, confirming Greece’s spectacular turn from crisis to recovery and growing prosperity”, while, making a brief prediction, he estimated that “2026 will be another successful year for the Greek economy as a whole, for foreign direct investment and of course for bilateral ties between Greece and the US.”
Banking sector has changed radically
The president of the Hellenic Bank Association, George Zanias, spoke about the improved image that prevails in the Greek banking sector, focusing on the change that the sector has undergone in just a few years.
As he said, “the last time I spoke at the Capital Link conference as president was in 2014. At that time, the Greek banking system was in a completely different phase. Today, about a decade later, the situation is totally different, while the prospects are also very good.”
Zanias made particular reference to the capital adequacy and liquidity of banks. “The CET1 capital adequacy ratio of Greek banks is at the same level as that of Eurozone banks, while in terms of total capital adequacy, Greek banks are slightly superior. The liquidity of Greek banks now exceeds those of the Eurozone, while the percentage of non-performing loans is very close to the European average and certainly at its best since the country’s entry into the Eurozone,” he said. Consequently, he added, “the Greek banking sector has restored its role in financing the Greek economy.”
He also pointed out that the outlook is particularly positive, due to the expected rapid growth of the economy in the medium term, the low loan-to-deposit ratio and household financing, which is now starting to recover.
“Euronext as an accelerator”
“Euronext is taking on the role of an accelerator for the further integration of the Greek capital market into global capital flows.” This was stated yesterday in New York by Euronext CEO Stephane Boujnah, during an investment conference, adding that “the successful acquisition of the Athens Stock Exchange Group by Euronext marks a very important step towards the implementation of this ambitious strategy. This integration is based on the combination of the unique advantages that Greece has demonstrated over time: excellence, innovation and top-notch entrepreneurship.”
Boujnah also stated that “Greek investors will have access to companies listed on Euronext and to innovative financial products. Domestic market participants will benefit from seamless connectivity with European markets and from the harmonized framework of post-trade services.”
Furthermore, Boujnah underlined that “international investors will be able to participate in the trading of Greek companies through the single Euronext platform, significantly enhancing market liquidity. Greece will operate with the same state-of-the-art infrastructure used by the most developed European markets, offering speed, security and reliability on a global scale.”
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