1134 GMT - The valuation of Hellenic banks has caught up with its European peers but the market isn't appreciating their long-term growth potential, Roemer Capital says in a note to clients. Fundamentals are improving as interest rates normalize in the second half and technical indicators are supportive, which will likely lead shares to extend their momentum, analysts Alex Kantarovich and Artem Yamschikov write. The sector performed well at 2Q results, showing net interest margin resilience, higher fees from capital markets, cost control and credit quality. Year to date, Alpha Bank has risen 120%, Optima Bank is up 87%, Piraeus has gained 82% while Bank of Cyprus is up 69%, National Bank of Greece 61% and Eurobank 48%. (elena.vardon@wsj.com)
(END) Dow Jones Newswires
August 26, 2025 07:34 ET (11:34 GMT)
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