{"id":90754,"date":"2024-04-16T11:14:41","date_gmt":"2024-04-16T08:14:41","guid":{"rendered":"https:\/\/banknews.gr\/?p=90754"},"modified":"2024-04-16T11:14:41","modified_gmt":"2024-04-16T08:14:41","slug":"n%ce%ad%ce%bf-%cf%81%ce%ac%ce%bb%ce%b9-%ce%b3%ce%b9%ce%b1-%cf%84%ce%b9%cf%82-%ce%b5%ce%bb%ce%bb%ce%b7%ce%bd%ce%b9%ce%ba%ce%ad%cf%82-%cf%84%cf%81%ce%ac%cf%80%ce%b5%ce%b6%ce%b5%cf%82-%ce%b2%ce%bb","status":"publish","type":"post","link":"https:\/\/banknews.gr\/?p=90754","title":{"rendered":"N\u03ad\u03bf \u03c1\u03ac\u03bb\u03b9 \u03b3\u03b9\u03b1 \u03c4\u03b9\u03c2 \u03b5\u03bb\u03bb\u03b7\u03bd\u03b9\u03ba\u03ad\u03c2 \u03c4\u03c1\u03ac\u03c0\u03b5\u03b6\u03b5\u03c2 &#8220;\u03b2\u03bb\u03ad\u03c0\u03b5\u03b9&#8221; \u03b7  \u03b7 Goldman Sachs &#8211; \u0391\u03c5\u03be\u03ac\u03bd\u03b5\u03b9 \u03c4\u03b9\u03c2 \u03c4\u03b9\u03bc\u03ad\u03c2 \u03c3\u03c4\u03cc\u03c7\u03bf\u03c5\u03c2"},"content":{"rendered":"<p>\u03a3\u03b5\u00a0<strong>\u03bd\u03ad\u03b1 \u03c3\u03b7\u03bc\u03b1\u03bd\u03c4\u03b9\u03ba\u03ae \u03b1\u03cd\u03be\u03b7\u03c3\u03b7 \u03c4\u03c9\u03bd \u03c4\u03b9\u03bc\u03ce\u03bd \u03c3\u03c4\u03cc\u03c7\u03c9\u03bd \u03b3\u03b9\u03b1 \u03c4\u03b9\u03c2 \u03bc\u03b5\u03c4\u03bf\u03c7\u03ad\u03c2 \u03c4\u03c9\u03bd \u03b5\u03bb\u03bb\u03b7\u03bd\u03b9\u03ba\u03ce\u03bd \u03c4\u03c1\u03b1\u03c0\u03b5\u03b6\u03ce\u03bd<\/strong>\u00a0\u03b1\u03bb\u03bb\u03ac \u03ba\u03b1\u03b9 \u03c3\u03b5\u00a0<strong>\u03b1\u03bd\u03b1\u03b8\u03b5\u03ce\u03c1\u03b7\u03c3\u03b7 \u03ba\u03ac\u03c0\u03bf\u03b9\u03c9\u03bd \u03c3\u03c5\u03c3\u03c4\u03ac\u03c3\u03b5\u03c9\u03bd<\/strong>\u00a0\u03c0\u03c1\u03bf\u03c7\u03ce\u03c1\u03b7\u03c3\u03b5 \u03b7\u00a0<strong>Goldman Sachs<\/strong>, \u03c3\u03c4\u03b7 \u03b2\u03ac\u03c3\u03b7 \u03c4\u03bf\u03c5 \u03b2\u03b9\u03ce\u03c3\u03b9\u03bc\u03bf\u03c5 \u03c0\u03bb\u03b1\u03b9\u03c3\u03af\u03bf\u03c5 \u03ba\u03b5\u03c1\u03b4\u03bf\u03c6\u03bf\u03c1\u03af\u03b1\u03c2 \u03ba\u03b1\u03b9 \u03c4\u03b7\u03c2 \u03b5\u03c0\u03b9\u03ba\u03b5\u03af\u03bc\u03b5\u03bd\u03c9\u03bd \u03c7\u03c1\u03b7\u03bc\u03b1\u03c4\u03b9\u03ba\u03ce\u03bd \u03b4\u03b9\u03b1\u03bd\u03bf\u03bc\u03ce\u03bd.<\/p>\n<p>\u0397 Goldman Sachs \u03c0\u03b1\u03c1\u03b1\u03bc\u03ad\u03bd\u03b5\u03b9 <strong>\u00ab\u03c4\u03b1\u03cd\u03c1\u03bf\u03c2\u00bb \u03b3\u03b9\u03b1 \u03c4\u03b9\u03c2 \u03b5\u03bb\u03bb\u03b7\u03bd\u03b9\u03ba\u03ad\u03c2 \u03c4\u03c1\u03ac\u03c0\u03b5\u03b6\u03b5\u03c2<\/strong>, \u03c4\u03bf\u03bd\u03af\u03b6\u03bf\u03bd\u03c4\u03b1\u03c2 \u03c0\u03c9\u03c2 \u03c0\u03b1\u03c1\u03ac \u03c4\u03b7 \u03c3\u03b7\u03bc\u03b1\u03bd\u03c4\u03b9\u03ba\u03ae \u03ac\u03bd\u03bf\u03b4\u03bf \u03c0\u03bf\u03c5 \u03ad\u03c7\u03bf\u03c5\u03bd \u03ba\u03b1\u03c4\u03b1\u03b3\u03c1\u03ac\u03c8\u03b5\u03b9 (56% \u03c4\u03bf\u03c5\u03c2 \u03c4\u03b5\u03bb\u03b5\u03c5\u03c4\u03b1\u03af\u03bf\u03c5\u03c2 \u03b4\u03ce\u03b4\u03b5\u03ba\u03b1 \u03bc\u03ae\u03bd\u03b5\u03c2), \u03c3\u03c5\u03bd\u03b5\u03c7\u03af\u03b6\u03bf\u03c5\u03bd \u03bd\u03b1 \u03b4\u03b9\u03b1\u03c0\u03c1\u03b1\u03b3\u03bc\u03b1\u03c4\u03b5\u03cd\u03bf\u03bd\u03c4\u03b1\u03b9 \u03bc\u03b5\u00a0<strong>discount \u03c3\u03b5 \u03c3\u03cd\u03b3\u03ba\u03c1\u03b9\u03c3\u03b7 \u03bc\u03b5 \u03c4\u03b9\u03c2 \u03c4\u03c1\u03ac\u03c0\u03b5\u03b6\u03b5\u03c2 \u03c3\u03c4\u03b9\u03c2 \u03c0\u03b1\u03b3\u03ba\u03cc\u03c3\u03bc\u03b9\u03b5\u03c2 \u03b1\u03bd\u03b1\u03b4\u03c5\u03cc\u03bc\u03b5\u03bd\u03b5\u03c2 \u03b1\u03b3\u03bf\u03c1\u03ad\u03c2<\/strong>\u00a0(\u03c3\u03c4\u03b9\u03c2 \u03bf\u03c0\u03bf\u03af\u03b5\u03c2 \u03ba\u03b1\u03c4\u03b1\u03b3\u03c1\u03ac\u03c6\u03b5\u03c4\u03b1\u03b9 \u03ad\u03bd\u03b1 \u03c3\u03c5\u03bd\u03b5\u03c7\u03ce\u03c2 \u03b1\u03c5\u03be\u03b1\u03bd\u03cc\u03bc\u03b5\u03bd\u03bf flow \u03b1\u03c0\u03cc \u03c4\u03b1 \u03c7\u03b1\u03c1\u03c4\u03bf\u03c6\u03c5\u03bb\u03ac\u03ba\u03b9\u03b1 \u03c0\u03bf\u03c5 \u03c4\u03bf\u03c0\u03bf\u03b8\u03b5\u03c4\u03bf\u03cd\u03bd\u03c4\u03b1\u03b9 \u03c3\u03c4\u03b9\u03c2 \u03b1\u03bd\u03b1\u03b4\u03c5\u03cc\u03bc\u03b5\u03bd\u03b5\u03c2 \u03b1\u03b3\u03bf\u03c1\u03ad\u03c2) \u03ba\u03b1\u03b9 \u03c4\u03b9\u03c2\u00a0<strong>\u03b5\u03c5\u03c1\u03c9\u03c0\u03b1\u03ca\u03ba\u03ad\u03c2 \u03c4\u03c1\u03ac\u03c0\u03b5\u03b6\u03b5\u03c2, \u03ba\u03b1\u03b8\u03ce\u03c2 \u03ba\u03b1\u03b9 \u03bc\u03b5 \u03c4\u03bf \u03b4\u03b9\u03ba\u03cc \u03c4\u03bf\u03c5\u03c2 book value.<\/strong><\/p>\n<p>\u03a3\u03c5\u03b3\u03ba\u03b5\u03ba\u03c1\u03b9\u03bc\u03ad\u03bd\u03b1, \u03bf\u03b9 \u03b1\u03bd\u03b1\u03bb\u03c5\u03c4\u03ad\u03c2 \u03c4\u03bf\u03c5 \u03b5\u03c0\u03b5\u03bd\u03b4\u03c5\u03c4\u03b9\u03ba\u03bf\u03cd \u03bf\u03af\u03ba\u03bf\u03c5,\u00a0<strong>\u03b1\u03bd\u03b1\u03b2\u03b1\u03b8\u03bc\u03af\u03b6\u03bf\u03c5\u03bd \u03c3\u03b5 \u00abbuy\u00bb \u03b1\u03c0\u03cc \u00ab\u03bf\u03c5\u03b4\u03ad\u03c4\u03b5\u03c1\u03b7\u00bb<\/strong>\u00a0\u03c4\u03b7 \u03c3\u03cd\u03c3\u03c4\u03b1\u03c3\u03ae \u03c4\u03bf\u03c5\u03c2 \u03b3\u03b9\u03b1 \u03c4\u03b7\u00a0<strong>Eurobank<\/strong>\u00a0\u03b1\u03c5\u03be\u03ac\u03bd\u03bf\u03bd\u03c4\u03b1\u03c2 \u03c4\u03b7\u03bd \u03c4\u03b9\u03bc\u03ae \u03c3\u03c4\u03cc\u03c7\u03bf \u03c3\u03c4\u03b1\u00a0<strong>2,50 \u03b5\u03c5\u03c1\u03ce<\/strong>, \u03b1\u03c0\u03cc 1,95 \u03b5\u03c5\u03c1\u03ce \u03c0\u03c1\u03bf\u03b7\u03b3\u03bf\u03c5\u03bc\u03ad\u03bd\u03c9\u03c2.<\/p>\n<p>\u0391\u03c0\u03cc \u03c4\u03b7\u03bd \u03ac\u03bb\u03bb\u03b7, \u03c3\u03c4\u03b1\u03b8\u03b5\u03c1\u03ae \u03c0\u03b1\u03c1\u03b1\u03bc\u03ad\u03bd\u03b5\u03b9 \u03b7 \u03c3\u03cd\u03c3\u03c4\u03b1\u03c3\u03b7\u00a0<strong>\u00abbuy\u00bb<\/strong>\u00a0\u03b3\u03b9\u03b1 \u03c4\u03b7\u03bd\u00a0<strong>\u0395\u03b8\u03bd\u03b9\u03ba\u03ae<\/strong>\u00a0\u03ba\u03b1\u03b9 \u03c4\u03b7\u03bd\u00a0<strong>\u03a0\u03b5\u03b9\u03c1\u03b1\u03b9\u03ce\u03c2<\/strong>\u00a0\u03bc\u03b5 \u03b1\u03c5\u03be\u03b7\u03bc\u03ad\u03bd\u03b5\u03c2 \u03c4\u03b9\u03bc\u03ad\u03c2 \u03c3\u03c4\u03cc\u03c7\u03bf\u03c5\u03c2 \u03c3\u03c4\u03b1\u00a0<strong>10 \u03b5\u03c5\u03c1\u03ce<\/strong>\u00a0\u03c0\u03bb\u03ad\u03bf\u03bd (\u03b1\u03c0\u03cc 8,90 \u03b5\u03c5\u03c1\u03ce \u03c0\u03c1\u03bf\u03b7\u03b3\u03bf\u03c5\u03bc\u03ad\u03bd\u03c9\u03c2) \u03ba\u03b1\u03b9 \u03c3\u03c4\u03b1\u00a0<strong>5,30 \u03b5\u03c5\u03c1\u03ce<\/strong>\u00a0(\u03b1\u03c0\u03cc 4,70 \u03b5\u03c5\u03c1\u03ce \u03c0\u03c1\u03bf\u03b7\u03b3\u03bf\u03c5\u03bc\u03ad\u03bd\u03c9\u03c2) \u03b1\u03bd\u03c4\u03af\u03c3\u03c4\u03bf\u03b9\u03c7\u03b1, \u03c0\u03bf\u03c5 \u03c5\u03c0\u03bf\u03b4\u03b7\u03bb\u03ce\u03bd\u03bf\u03c5\u03bd \u03c0\u03b5\u03c1\u03b9\u03b8\u03ce\u03c1\u03b9\u03b1 \u03b1\u03bd\u03cc\u03b4\u03bf\u03c5 \u03c0\u03bf\u03c5 \u03be\u03b5\u03c0\u03b5\u03c1\u03bd\u03bf\u03cd\u03bd \u03c4\u03bf 35%., \u03b5\u03bd\u03ce\u00a0<strong>(\u03c5\u03c0\u03bf\u03b2\u03b1\u03b8\u03bc\u03af\u03b6\u03bf\u03c5\u03bd \u03c3\u03b5 \u00ab\u03bf\u03c5\u03b4\u03ad\u03c4\u03b5\u03c1\u03b7\u00bb \u03b1\u03c0\u03cc \u00abbuy\u00bb)<\/strong>\u00a0\u03c4\u03b7 \u03c3\u03cd\u03c3\u03c4\u03b1\u03c3\u03b7 \u03b3\u03b9\u03b1 \u03c4\u03b7 \u03bc\u03b5\u03c4\u03bf\u03c7\u03ae \u03c4\u03b7\u03c2\u00a0<strong>Alpha Bank<\/strong>, \u03bc\u03b5 \u03c4\u03b9\u03bc\u03ae \u03c3\u03c4\u03cc\u03c7\u03bf \u03c3\u03c4\u03b1\u00a0<strong>1,95 \u03b5\u03c5\u03c1\u03ce<\/strong>.<\/p>\n<p>\u0397 \u03c4\u03bf\u03c0\u03bf\u03b8\u03ad\u03c4\u03b7\u03c3\u03b7 \u03c4\u03c9\u03bd GEM Funds \u03ba\u03b1\u03b9 \u03cc\u03c7\u03b9 \u03bc\u03cc\u03bd\u03bf, \u03c0\u03c1\u03bf\u03c2 \u03c4\u03b9\u03c2 \u03b5\u03bb\u03bb\u03b7\u03bd\u03b9\u03ba\u03ad\u03c2 \u03c4\u03c1\u03ac\u03c0\u03b5\u03b6\u03b5\u03c2 \u03b1\u03c5\u03be\u03ac\u03bd\u03b5\u03c4\u03b1\u03b9, \u03ba\u03b1\u03b8\u03ce\u03c2 \u03c3\u03cd\u03bc\u03c6\u03c9\u03bd\u03b1 \u03bc\u03b5 \u03c3\u03c4\u03bf\u03b9\u03c7\u03b5\u03af\u03b1 \u03c4\u03bf\u03c5 Bloomberg, \u03ba\u03b1\u03c4\u03ac \u03bc\u03ad\u03c3\u03bf \u03cc\u03c1\u03bf, 36 GEM Funds GEM \u03c4\u03bf\u03c0\u03bf\u03b8\u03b5\u03c4\u03ae\u03b8\u03b7\u03ba\u03b1\u03bd \u03c3\u03c4\u03b9\u03c2 \u03b5\u03bb\u03bb\u03b7\u03bd\u03b9\u03ba\u03ad\u03c2 \u03c4\u03c1\u03ac\u03c0\u03b5\u03b6\u03b5\u03c2 \u03c4\u03bf \u03a6\u03b5\u03b2\u03c1\u03bf\u03c5\u03ac\u03c1\u03b9\u03bf \u03c4\u03bf\u03c5 2024 \u03c3\u03b5 \u03c3\u03cd\u03b3\u03ba\u03c1\u03b9\u03c3\u03b7 \u03bc\u03b5 \u03c4\u03b1 28 &#8211; 21 \u03c0\u03bf\u03c5 \u03ae\u03c4\u03b1\u03bd \u03c4\u03bf\u03bd \u0391\u03c0\u03c1\u03af\u03bb\u03b9\u03bf \u03c4\u03bf\u03c5 2023 \u03ba\u03b1\u03b9 2022 \u03b1\u03bd\u03c4\u03af\u03c3\u03c4\u03bf\u03b9\u03c7\u03b1. \u03a9\u03c3\u03c4\u03cc\u03c3\u03bf,\u00a0<strong>\u03c4\u03bf \u03bc\u03ad\u03b3\u03b5\u03b8\u03bf\u03c2 \u03b1\u03c5\u03c4\u03cc \u03c0\u03b1\u03c1\u03b1\u03bc\u03ad\u03bd\u03b5\u03b9 \u03b1\u03c1\u03ba\u03b5\u03c4\u03ac \u03c7\u03b1\u03bc\u03b7\u03bb\u03cc \u03c3\u03c4\u03bf \u03c0\u03bb\u03b1\u03af\u03c3\u03b9\u03bf \u03c4\u03c9\u03bd 200 GEM Funds \u03c0\u03bf\u03c5 \u03b1\u03bd\u03b1\u03bb\u03cd\u03b8\u03b7\u03ba\u03b1\u03bd \u03c3\u03c4\u03bf \u03c3\u03cd\u03bd\u03bf\u03bb\u03bf.<\/strong><\/p>\n<p>\u03a3\u03cd\u03bc\u03c6\u03c9\u03bd\u03b1 \u03bc\u03b5 \u03b5\u03ba\u03c4\u03b9\u03bc\u03ae\u03c3\u03b5\u03b9\u03c2 \u03c4\u03b7\u03c2 Goldman Sachs, \u03bf\u03b9 \u03b5\u03bb\u03bb\u03b7\u03bd\u03b9\u03ba\u03ad\u03c2 \u03c4\u03c1\u03ac\u03c0\u03b5\u03b6\u03b5\u03c2 \u03b4\u03b9\u03b1\u03c0\u03c1\u03b1\u03b3\u03bc\u03b1\u03c4\u03b5\u03cd\u03bf\u03bd\u03c4\u03b1\u03b9 \u03bc\u03b5\u00a0<strong>\u03bc\u03ad\u03c3\u03bf \u03b4\u03b5\u03af\u03ba\u03c4\u03b7 P\/TBV \u03b3\u03b9\u03b1 \u03c4\u03bf 2025 \u03c3\u03c4\u03bf 0,65x<\/strong>\u00a0\u03c0\u03b5\u03c1\u03af\u03c0\u03bf\u03c5 \u03b3\u03b9\u03b1 \u03b4\u03b5\u03af\u03ba\u03c4\u03b7 ROTE (\u03b5\u03ba\u03c4\u03af\u03bc\u03b7\u03c3\u03b7 \u03b3\u03b9\u03b1 \u03b3\u03b9\u03b1 \u03c4\u03bf 2026) \u03c3\u03c4\u03bf 12%, \u03cc\u03c4\u03b1\u03bd\u00a0<strong>\u03bf\u03b9 \u03c4\u03c1\u03ac\u03c0\u03b5\u03b6\u03b5\u03c2 \u03c3\u03c4\u03b9\u03c2 \u03c0\u03b1\u03b3\u03ba\u03cc\u03c3\u03bc\u03b9\u03b5\u03c2 \u03b1\u03bd\u03b1\u03b4\u03c5\u03cc\u03bc\u03b5\u03bd\u03b5\u03c2 \u03b1\u03b3\u03bf\u03c1\u03ad\u03c2 \u03ba\u03b1\u03b9 \u03bf\u03b9 \u03b5\u03c5\u03c1\u03c9\u03c0\u03b1\u03ca\u03ba\u03ad\u03c2 \u03b4\u03b9\u03b1\u03c0\u03c1\u03b1\u03b3\u03bc\u03b1\u03c4\u03b5\u03cd\u03bf\u03bd\u03c4\u03b1\u03b9 \u03bc\u03b5 \u03b5\u03ba\u03c4\u03b9\u03bc\u03ce\u03bc\u03b5\u03bd\u03bf \u03b4\u03b5\u03af\u03ba\u03c4\u03b7 P\/TBV \u03c3\u03c4\u03bf 1,2x \u03ba\u03b1\u03b9 0,9x \u03b1\u03bd\u03c4\u03af\u03c3\u03c4\u03bf\u03b9\u03c7\u03b1, \u03b3\u03b9\u03b1 ROTE \u03c0\u03b5\u03c1\u03af\u03c0\u03bf\u03c5 13%.<\/strong><\/p>\n<p>\u039f\u03b9 \u03bd\u03ad\u03b5\u03c2 \u03c4\u03b9\u03bc\u03ad\u03c2 &#8211; \u03c3\u03c4\u03cc\u03c7\u03bf\u03b9 \u03b3\u03b9\u03b1 \u03c4\u03b9\u03c2 \u03b5\u03bb\u03bb\u03b7\u03bd\u03b9\u03ba\u03ad\u03c2 \u03c4\u03c1\u03ac\u03c0\u03b5\u03b6\u03b5\u03c2 \u03c3\u03c5\u03bd\u03b5\u03c0\u03ac\u03b3\u03bf\u03bd\u03c4\u03b1\u03b9 \u03bc\u03ad\u03c3\u03bf P\/TBV \u03b3\u03b9\u03b1 \u03c4\u03bf 2025 \u03c3\u03c4\u03bf 0,9x, \u03c4\u03bf \u03bf\u03c0\u03bf\u03af\u03bf \u03c3\u03c5\u03b3\u03ba\u03c1\u03af\u03bd\u03b5\u03c4\u03b1\u03b9 \u03bc\u03b5 \u03c4\u03bf P\/TBV \u03c0\u03bf\u03c5 \u03ad\u03c7\u03b5\u03b9 \u03c4\u03b5\u03b8\u03b5\u03af \u03bc\u03b5 \u03b2\u03ac\u03c3\u03b7 \u03c4\u03b9\u03c2 \u03c4\u03b9\u03bc\u03ad\u03c2 \u03c3\u03c4\u03cc\u03c7\u03bf\u03c5\u03c2 \u03b3\u03b9\u03b1 \u03c4\u03b9\u03c2 GEM \u03ba\u03b1\u03b9 \u03c4\u03b9\u03c2 \u03b5\u03c5\u03c1\u03c9\u03c0\u03b1\u03ca\u03ba\u03ad\u03c2 \u03c4\u03c1\u03ac\u03c0\u03b5\u03b6\u03b5\u03c2 \u03c3\u03c4\u03bf 1,3x &#8211; 1x, \u03b1\u03bd\u03c4\u03af\u03c3\u03c4\u03bf\u03b9\u03c7\u03b1. \u0398\u03b1 \u03c0\u03c1\u03ad\u03c0\u03b5\u03b9 \u03bd\u03b1 \u03c3\u03b7\u03bc\u03b5\u03b9\u03c9\u03b8\u03b5\u03af, \u03c0\u03c9\u03c2 \u03b7 Goldman Sachs \u03c7\u03c1\u03b7\u03c3\u03b9\u03bc\u03bf\u03c0\u03bf\u03b9\u03b5\u03af \u03c3\u03c4\u03bf \u03bc\u03bf\u03bd\u03c4\u03ad\u03bb\u03bf \u03c4\u03b7\u03c2 <strong>\u03b4\u03b5\u03af\u03ba\u03c4\u03b7 \u03ba\u03b5\u03c6\u03b1\u03bb\u03b1\u03af\u03bf\u03c5<\/strong>\u00a0\u03c3\u03c4\u03bf 15,5% (\u03b1\u03c0\u03cc 16% \u03c0\u03c1\u03bf\u03b7\u03b3\u03bf\u03c5\u03bc\u03ad\u03bd\u03c9\u03c2, \u03b1\u03bb\u03bb\u03ac \u03c5\u03c8\u03b7\u03bb\u03cc\u03c4\u03b5\u03c1\u03bf\u03c2 \u03ba\u03b1\u03c4\u03ac 50 \u03bc\u03bf\u03bd\u03ac\u03b4\u03b5\u03c2 \u03b2\u03ac\u03c3\u03b7\u03c2 \u03ad\u03bd\u03b1\u03bd\u03c4\u03b9 \u03c4\u03c9\u03bd \u03b5\u03c5\u03c1\u03c9\u03c0\u03b1\u03ca\u03ba\u03ce\u03bd) \u03c0\u03bf\u03c5 \u03b1\u03bd\u03c4\u03b9\u03ba\u03b1\u03c4\u03bf\u03c0\u03c4\u03c1\u03af\u03b6\u03b5\u03b9 \u03c4\u03bf de &#8211; risking \u03c3\u03c4\u03bf\u03c5\u03c2 \u03b9\u03c3\u03bf\u03bb\u03bf\u03b3\u03b9\u03c3\u03bc\u03bf\u03cd\u03c2 \u03c4\u03bf\u03c5\u03c2 \u03ba\u03b1\u03b9 \u03c4\u03b7 \u03c3\u03c5\u03bc\u03c0\u03af\u03b5\u03c3\u03b7 \u03c4\u03c9\u03bd spreads \u03c3\u03c4\u03b1 \u03b5\u03bb\u03bb\u03b7\u03bd\u03b9\u03ba\u03ac \u03ba\u03c1\u03b1\u03c4\u03b9\u03ba\u03ac \u03bf\u03bc\u03cc\u03bb\u03bf\u03b3\u03b1 \u03ba\u03b1\u03b9 \u03b4\u03b7 \u03c3\u03c4\u03bf \u03c0\u03b9\u03bf \u03bc\u03b1\u03ba\u03c1\u03cd \u03c4\u03bc\u03ae\u03bc\u03b1 \u03c4\u03b7\u03c2 \u03ba\u03b1\u03bc\u03c0\u03cd\u03bb\u03b7\u03c2 (\u03b4\u03b5\u03ba\u03b1\u03b5\u03c4\u03ad\u03c2 \u03ba\u03c4\u03bb).<\/p>\n<figure class=\"align-center\" role=\"group\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.insider.gr\/sites\/default\/files\/2024-04\/eikona486.png\" alt=\"Goldman\" width=\"2338\" height=\"1653\" data-src=\"public:\/\/2024-04\/eikona486.png\" data-srcset=\"public:\/\/2024-04\/eikona486.png\" \/><figcaption><\/figcaption><\/figure>\n<p>\u0397 Goldman Sachs \u03b1\u03bd\u03b1\u03b2\u03b1\u03b8\u03bc\u03af\u03b6\u03b5\u03b9 \u03c4\u03b7 <strong>Eurobank<\/strong>\u00a0\u03c3\u03b5 \u00abbuy\u00bb, \u03b5\u03c0\u03b9\u03c3\u03b7\u03bc\u03b1\u03af\u03bd\u03bf\u03bd\u03c4\u03b1\u03c2 \u03c0\u03c9\u03c2 \u03c3\u03cd\u03bc\u03c6\u03c9\u03bd\u03b1 \u03bc\u03b5 \u03c4\u03bf business plan, \u03b7 \u03c4\u03c1\u03ac\u03c0\u03b5\u03b6\u03b1 \u03b2\u03c1\u03af\u03c3\u03ba\u03b5\u03c4\u03b1\u03b9 \u03c3\u03b5 \u03ad\u03bd\u03b1 \u03ba\u03b1\u03bb\u03cc \u03b4\u03c1\u03cc\u03bc\u03bf \u03ce\u03c3\u03c4\u03b5 \u03bd\u03b1 \u03b5\u03c0\u03b9\u03c4\u03cd\u03c7\u03b5\u03b9 \u03b4\u03b5\u03af\u03ba\u03c4\u03b7 ROTE, \u03c3\u03b5 \u03bc\u03b5\u03c3\u03bf\u03c0\u03c1\u03cc\u03b8\u03b5\u03c3\u03bc\u03b7 \u03b2\u03ac\u03c3\u03b7, \u03c3\u03c4\u03bf 12%, \u03bc\u03b5 \u03b4\u03b5\u03af\u03ba\u03c4\u03b7 CET1 \u03ac\u03bd\u03c9 \u03c4\u03bf\u03c5 17% \u03c4\u03bf 2025 &#8211; 2026 (\u03c3\u03c5\u03bc\u03c0\u03b5\u03c1\u03b9\u03bb\u03b1\u03bc\u03b2\u03b1\u03bd\u03bf\u03bc\u03ad\u03bd\u03bf\u03c5 \u03b4\u03b5\u03af\u03ba\u03c4\u03b7 \u03b4\u03b9\u03b1\u03bd\u03bf\u03bc\u03ae\u03c2 \u03b5\u03c0\u03af \u03c4\u03c9\u03bd \u03ba\u03b5\u03c1\u03b4\u03ce\u03bd \u03c3\u03c4\u03bf 50%), \u03bc\u03b5 2% \u03c0\u03b5\u03c1\u03af\u03c0\u03bf\u03c5 \u03b4\u03b5\u03af\u03ba\u03c4\u03b7 NPE \u03c3\u03c4\u03b1 \u03c4\u03ad\u03bb\u03b7 \u03c4\u03bf\u03c5 2026 (\u03c3\u03b5 \u03b5\u03c5\u03b8\u03c5\u03b3\u03c1\u03ac\u03bc\u03bc\u03b9\u03c3\u03b7 \u03b4\u03b7\u03bb\u03b1\u03b4\u03ae \u03bc\u03b5 \u03c4\u03b1 \u03b5\u03c0\u03af\u03c0\u03b5\u03b4\u03b1 \u03c4\u03c9\u03bd \u03b5\u03c5\u03c1\u03c9\u03c0\u03b1\u03ca\u03ba\u03ce\u03bd \u03c4\u03c1\u03b1\u03c0\u03b5\u03b6\u03ce\u03bd) \u03ba\u03b1\u03b9 \u03b5\u03c0\u03af\u03c0\u03b5\u03b4\u03b1 \u03ba\u03ac\u03bb\u03c5\u03c8\u03b7\u03c2 \u03ac\u03bd\u03c9 \u03c4\u03bf\u03c5 100%. \u03a0\u03b1\u03c1\u03ac\u03bb\u03bb\u03b7\u03bb\u03b1, \u03b7 \u03bc\u03b5\u03c4\u03bf\u03c7\u03ae \u03b4\u03b9\u03b1\u03c0\u03c1\u03b1\u03b3\u03bc\u03b1\u03c4\u03b5\u03cd\u03b5\u03c4\u03b1\u03b9 \u03bc\u03b5 discount \u03ad\u03bd\u03b1\u03bd\u03c4\u03b9 \u03c4\u03bf\u03c5 \u03b5\u03c5\u03c1\u03c9\u03c0\u03b1\u03ca\u03ba\u03bf\u03cd \u03ba\u03bb\u03ac\u03b4\u03bf\u03c5, \u03c3\u03c4\u03bf P\/TV \u03b3\u03b9\u03b1 \u03c4\u03bf 2025. \u039f \u03c3\u03c5\u03bd\u03b4\u03c5\u03b1\u03c3\u03bc\u03cc\u03c2 ROTE \u03ba\u03b1\u03b9 \u03c3\u03c5\u03c3\u03c3\u03c9\u03c1\u03b5\u03c5\u03bc\u03ad\u03bd\u03c9\u03bd \u03ba\u03b5\u03c6\u03b1\u03bb\u03b1\u03b9\u03b1\u03ba\u03ce\u03bd \u03b5\u03c0\u03b9\u03c0\u03ad\u03b4\u03c9\u03bd \u03c0\u03c1\u03bf\u03c3\u03c6\u03ad\u03c1\u03b5\u03b9 \u03c3\u03c4\u03b7 Eurobank \u03c4\u03b7 \u03b4\u03c5\u03bd\u03b1\u03c4\u03cc\u03c4\u03b7\u03c4\u03b1 \u03c4\u03cc\u03c3\u03bf \u03c4\u03b7\u03c2 \u03b1\u03bd\u03c4\u03b1\u03bc\u03bf\u03b9\u03b2\u03ae\u03c2 \u03c4\u03c9\u03bd \u03bc\u03b5\u03c4\u03cc\u03c7\u03c9\u03bd (\u03c0.\u03c7. \u03bc\u03b5\u03c1\u03af\u03c3\u03bc\u03b1\u03c4\u03b1) \u03cc\u03c3\u03bf \u03ba\u03b1\u03b9 \u03b1\u03c5\u03c4\u03ae \u03c4\u03b7\u03c2 \u03c0\u03b5\u03c1\u03b1\u03b9\u03c4\u03ad\u03c1\u03c9 \u03b1\u03bd\u03ac\u03c0\u03c4\u03c5\u03be\u03b7\u03c2. \u0395\u03c0\u03b9\u03c0\u03bb\u03ad\u03bf\u03bd, \u03b7 \u0395\u03bb\u03bb\u03b7\u03bd\u03b9\u03ba\u03ae \u03a4\u03c1\u03ac\u03c0\u03b5\u03b6\u03b1 \u03b8\u03b1 \u03b1\u03c0\u03bf\u03c4\u03b5\u03bb\u03ad\u03c3\u03b5\u03b9 \u03ad\u03bd\u03b1 \u03b9\u03c3\u03c7\u03c5\u03c1\u03cc \u00ab\u03c7\u03b1\u03c1\u03c4\u03af\u00bb \u03b3\u03b9\u03b1 \u03c4\u03b7 Eurobank, \u03ba\u03b1\u03b8\u03ce\u03c2 \u03c7\u03c1\u03b7\u03c3\u03b9\u03bc\u03bf\u03c0\u03bf\u03b9\u03ce\u03bd\u03c4\u03b1\u03c2 \u03c4\u03b1 \u03bf\u03b9\u03ba\u03bf\u03bd\u03bf\u03bc\u03b9\u03ba\u03ac \u03c3\u03c4\u03bf\u03b9\u03c7\u03b5\u03af\u03b1 \u03c4\u03b7\u03c2 \u0395\u03bb\u03bb\u03b7\u03bd\u03b9\u03ba\u03ae\u03c2 \u03b3\u03b9\u03b1 \u03c4\u03bf 2023 &#8211; \u03ba\u03b1\u03b9 ceteris paribus &#8211; \u03b4\u03b7\u03bb\u03b1\u03b4\u03ae \u03cc\u03bb\u03b1 \u03c4\u03b1 \u03ac\u03bb\u03bb\u03b1 \u03af\u03c3\u03b1, \u03c3\u03b5 pro forma \u03c3\u03b5 \u03b2\u03ac\u03c3\u03b7 \u03b5\u03bd\u03bf\u03c0\u03bf\u03af\u03b7\u03c3\u03b7\u03c2 \u03c0\u03bb\u03ae\u03c1\u03bf\u03c5\u03c2 \u03ad\u03c4\u03bf\u03c5\u03c2 \u03b8\u03b1 \u03c3\u03c5\u03bd\u03b5\u03b9\u03c3\u03ad\u03c6\u03b5\u03c1\u03b5 \u03c0\u03b5\u03c1\u03af\u03c0\u03bf\u03c5 12% &#8211; 13% \u03c4\u03b7\u03c2 \u03b1\u03cd\u03be\u03b7\u03c3\u03b7\u03c2 \u03c4\u03c9\u03bd EPS \u03c4\u03bf 2024 &#8211; 2026 \u03c3\u03b5 \u03c3\u03cd\u03b3\u03ba\u03c1\u03b9\u03c3\u03b7 \u03bc\u03b5 \u03c4\u03b9\u03c2 \u03b2\u03b1\u03c3\u03b9\u03ba\u03ad\u03c2 \u03c0\u03c1\u03bf\u03b2\u03bb\u03ad\u03c8\u03b5\u03b9\u03c2 \u03c4\u03bf\u03c5 \u03bf\u03af\u03ba\u03bf\u03c5.<\/p>\n<p>&#8211; \u0393\u03b9\u03b1 \u03c4\u03b7\u03bd\u00a0<strong>\u03a0\u03b5\u03b9\u03c1\u03b1\u03b9\u03ce\u03c2<\/strong> \u03b5\u03c0\u03b1\u03bd\u03b1\u03bb\u03b1\u03bc\u03b2\u03ac\u03bd\u03b5\u03b9 \u03c4\u03b7 \u03c3\u03cd\u03c3\u03c4\u03b1\u03c3\u03b7 \u00abbuy\u00bb, \u03ba\u03b1\u03b8\u03ce\u03c2 \u03b7 \u03bc\u03b5\u03c4\u03bf\u03c7\u03ae \u03b4\u03b9\u03b1\u03c0\u03c1\u03b1\u03b3\u03bc\u03b1\u03c4\u03b5\u03cd\u03b5\u03c4\u03b1\u03b9 \u03bc\u03b5 \u03b4\u03b5\u03af\u03ba\u03c4\u03b7 P\/TBV \u03b3\u03b9\u03b1 \u03c4\u03bf 2025 \u03c3\u03c4\u03bf 0,63x, \u03bc\u03b5 12% \u03b5\u03ba\u03c4\u03b9\u03bc\u03ce\u03bc\u03b5\u03bd\u03bf ROTE \u03b3\u03b9\u03b1 \u03c4\u03bf 2026 \u03c0\u03bf\u03c5 \u03c5\u03c0\u03bf\u03c3\u03c4\u03b7\u03c1\u03af\u03b6\u03b5\u03c4\u03b1\u03b9 \u03b1\u03c0\u03cc \u03c4\u03bf \u03c7\u03b1\u03bc\u03b7\u03bb\u03cc\u03c4\u03b5\u03c1\u03bf \u03ba\u03cc\u03c3\u03c4\u03bf\u03c2 \u03c7\u03c1\u03b7\u03bc\u03b1\u03c4\u03bf\u03b4\u03cc\u03c4\u03b7\u03c3\u03b7\u03c2 \u03c4\u03c9\u03bd \u03c4\u03b5\u03c3\u03c3\u03ac\u03c1\u03c9\u03bd, \u03b4\u03b5\u03af\u03ba\u03c4\u03b7 CET1 \u03b3\u03b9\u03b1 \u03c4\u03bf 2026 \u03c3\u03c4\u03bf 16,5% (\u03b4\u03b5\u03af\u03ba\u03c4\u03b7 \u03b4\u03b9\u03b1\u03bd\u03bf\u03bc\u03ae\u03c2 \u03b5\u03c0\u03af \u03c4\u03c9\u03bd \u03ba\u03b5\u03c1\u03b4\u03ce\u03bd \u03c3\u03c4\u03bf 50%) \u03ba\u03b1\u03b9 \u03b4\u03b5\u03af\u03ba\u03c4\u03b7 NPE \u03c3\u03c4\u03bf 2,4% (\u03bc\u03b5 \u03b5\u03c0\u03af\u03c0\u03b5\u03b4\u03b1 \u03ba\u03ac\u03bb\u03c5\u03c8\u03b7\u03c2 \u03b1\u03ac\u03bd\u03c9 \u03c4\u03bf\u03c5 100%). \u03a3\u03cd\u03bc\u03c6\u03c9\u03bd\u03b1 \u03bc\u03b5 \u03c4\u03b9\u03c2 \u03b5\u03ba\u03c4\u03b9\u03bc\u03ae\u03c3\u03b5\u03b9\u03c2 \u03c4\u03bf\u03c5 \u03bf\u03af\u03ba\u03bf\u03c5, \u03b7 \u03a0\u03b5\u03b9\u03c1\u03b1\u03b9\u03ce\u03c2 \u03b5\u03af\u03bd\u03b1\u03b9 \u03b7 \u03c0\u03b9\u03bf \u03c5\u03c0\u03bf\u03c4\u03b9\u03bc\u03b7\u03bc\u03ad\u03bd\u03b7 \u03bc\u03b5\u03c4\u03bf\u03c7\u03ae \u03bc\u03b5\u03c4\u03b1\u03be\u03cd \u03c4\u03c9\u03bd \u03c4\u03b5\u03c3\u03c3\u03ac\u03c1\u03c9\u03bd \u03c3\u03c5\u03c3\u03c4\u03b7\u03bc\u03b9\u03ba\u03ce\u03bd \u03c0\u03bf\u03c5 \u03ba\u03b1\u03bb\u03cd\u03c0\u03c4\u03b5\u03b9 \u03c3\u03b5 \u03c0\u03c1\u03bf\u03c3\u03b1\u03c1\u03bc\u03bf\u03c3\u03bc\u03ad\u03bd\u03b7 \u03b1\u03bd\u03b1\u03c0\u03c4\u03c5\u03be\u03b9\u03b1\u03ba\u03ae \u03b2\u03ac\u03c3\u03b7.<\/p>\n<p>&#8211; \u03a0\u03b1\u03c1\u03ac\u03bb\u03bb\u03b7\u03bb\u03b1, \u03ba\u03b1\u03b9 \u03b3\u03b9\u03b1 \u03c4\u03b7\u03bd\u00a0<strong>\u0395\u03b8\u03bd\u03b9\u03ba\u03ae \u03a4\u03c1\u03ac\u03c0\u03b5\u03b6\u03b1<\/strong>\u00a0\u03b4\u03b9\u03b1\u03c4\u03b7\u03c1\u03b5\u03af \u03c4\u03b7 \u03c3\u03cd\u03c3\u03c4\u03b1\u03c3\u03b7 \u00abbuy\u00bb \u03bc\u03b5 \u03b4\u03b9\u03c8\u03ae\u03c6\u03b9\u03b1 \u03c4\u03b9\u03bc\u03ae \u03c3\u03c4\u03cc\u03c7\u03bf \u03c0\u03bb\u03ad\u03bf\u03bd. \u03a3\u03cd\u03bc\u03c6\u03c9\u03bd\u03b1 \u03bc\u03b5 \u03c4\u03b9\u03c2 \u03b5\u03ba\u03c4\u03b9\u03bc\u03ae\u03c3\u03b5\u03b9\u03c2 \u03c4\u03b7\u03c2 Goldman Sachs, \u03b7 \u0395\u03a4\u0395, \u03c3\u03c5\u03bd\u03b4\u03c5\u03ac\u03b6\u03b5\u03b9 ROTE \u03c4\u03b7\u03c2 \u03c4\u03ac\u03be\u03b5\u03c9\u03c2 \u03c4\u03bf\u03c5 12% \u03b3\u03b9\u03b1 \u03c4\u03bf 2026 (\u03b5\u03ba\u03c4\u03b9\u03bc\u03ae\u03c3\u03b5\u03b9\u03c2), \u03c5\u03c8\u03b7\u03bb\u03cc\u03c4\u03b5\u03c1\u03bf \u03b4\u03b5\u03af\u03ba\u03c4\u03b7 CET1, \u03ae\u03c4\u03bf\u03b9 \u03c3\u03c4\u03bf 20,7% \u03b5\u03c0\u03af\u03c3\u03b7\u03c2 \u03b3\u03b9\u03b1 \u03c4\u03bf \u03af\u03b4\u03b9\u03bf \u03ad\u03c4\u03bf\u03c2, \u03bc\u03b5 \u03b4\u03b5\u03af\u03ba\u03c4\u03b7 \u03ba\u03ac\u03bb\u03c5\u03c8\u03b7\u03c2 \u03ac\u03bd\u03c9 \u03c4\u03bf\u03c5 100%. \u03a3\u03c4\u03bf 0,79x P\/TBV \u03b3\u03b9\u03b1 \u03c4\u03bf 2025, \u03b7 \u03c4\u03c1\u03ac\u03c0\u03b5\u03b6\u03b1 \u03b4\u03b9\u03b1\u03c0\u03c1\u03b1\u03b3\u03bc\u03b1\u03c4\u03b5\u03cd\u03b5\u03c4\u03b1\u03b9 \u03bc\u03b5 discount \u03c3\u03b5 \u03c0\u03c1\u03bf\u03c3\u03b1\u03c1\u03bc\u03bf\u03c3\u03bc\u03ad\u03bd\u03b7 \u03b1\u03bd\u03b1\u03c0\u03c4\u03c5\u03be\u03b9\u03b1\u03ba\u03ae \u03b2\u03ac\u03c3\u03b7 \u03c3\u03b5 \u03c3\u03cd\u03b3\u03ba\u03c1\u03b9\u03c3\u03b7 \u03bc\u03b5 \u03c4\u03b9\u03c2 \u03c4\u03c1\u03ac\u03c0\u03b5\u03b6\u03b5\u03c2 GEM (\u03b7 \u03c4\u03b9\u03bc\u03ae \u03c3\u03c4\u03cc\u03c7\u03bf\u03c2 \u03c3\u03c5\u03bd\u03b5\u03c0\u03ac\u03b3\u03b5\u03c4\u03b1\u03b9 P\/TBV \u03c3\u03c4\u03bf 1,06x \u03b3\u03b9\u03b1 \u03c4\u03bf 2025).<\/p>\n<p>&#8211; \u0391\u03c0\u03cc \u03c4\u03b7\u03bd \u03ac\u03bb\u03bb\u03b7, \u03bf \u03b5\u03c0\u03b5\u03bd\u03b4\u03c5\u03c4\u03b9\u03ba\u03cc\u03c2 \u03bf\u03af\u03ba\u03bf\u03c2 \u03c5\u03c0\u03bf\u03b2\u03b1\u03b8\u03bc\u03af\u03b6\u03b5\u03b9 \u03c4\u03b7 \u03c3\u03cd\u03c3\u03c4\u03b1\u03c3\u03b7 \u03c3\u03c4\u03b7 Alpha Bank \u03c3\u03b5 \u00ab\u03bf\u03c5\u03b4\u03ad\u03c4\u03b5\u03c1\u03b7\u00bb \u03b1\u03c0\u03cc \u00abbuy\u00bb. \u0391\u03bd\u03b1\u03bc\u03ad\u03bd\u03b5\u03b9 \u03cc\u03c4\u03b9 \u03b7 Alpha \u03b8\u03b1 \u03b4\u03b7\u03bc\u03b9\u03bf\u03c5\u03c1\u03b3\u03ae\u03c3\u03b5\u03b9 ROTE \u03c4\u03b7\u03c2 \u03c4\u03ac\u03be\u03b5\u03c9\u03c2 \u03c4\u03bf\u03c5 10% \u03c4\u03bf 2026 (\u03ba\u03b1\u03b9 \u03c0\u03b5\u03c1\u03af\u03c0\u03bf\u03c5 12% \u03c3\u03b5 \u03c0\u03c1\u03bf\u03c3\u03b1\u03c1\u03bc\u03bf\u03c3\u03bc\u03ad\u03bd\u03b7 \u03b2\u03ac\u03c3\u03b7 \u03ba\u03b5\u03c6\u03b1\u03bb\u03b1\u03af\u03bf\u03c5), \u03b4\u03b5\u03af\u03ba\u03c4\u03b7 CET1 \u03c3\u03c4\u03bf 16,5% \u03c0\u03b5\u03c1\u03af\u03c0\u03bf\u03c5 \u03ba\u03b1\u03b9 \u03b4\u03b5\u03af\u03ba\u03c4\u03b7 NPE \u03c3\u03c4\u03bf 4% &#8211; 3,2% (\u03bc\u03b5 \u03c0\u03bf\u03c3\u03bf\u03c3\u03c4\u03cc \u03ba\u03ac\u03bb\u03c5\u03c8\u03b7\u03c2 57% &#8211; 68%) \u03b3\u03b9\u03b1 \u03c4\u03bf 2025 &#8211; 2026, \u03b1\u03bd\u03c4\u03af\u03c3\u03c4\u03bf\u03b9\u03c7\u03b1. \u03a4\u03bf P\/TBV \u03b3\u03b9\u03b1 \u03c4\u03bf 2025 \u03c0\u03bf\u03c5 \u03c0\u03c1\u03bf\u03ba\u03cd\u03c0\u03c4\u03b5\u03b9 \u03c3\u03c4\u03b7 \u03b2\u03ac\u03c3\u03b7 \u03c4\u03b7\u03c2 \u03c4\u03b9\u03bc\u03ae\u03c2 \u03c3\u03c4\u03cc\u03c7\u03bf\u03c5 (\u03c3\u03c4\u03b1 1,95 \u03b5\u03c5\u03c1\u03ce) \u03b5\u03af\u03bd\u03b1\u03b9 \u03c3\u03c4\u03bf 0,63x, \u03c4\u03bf \u03bf\u03c0\u03bf\u03af\u03bf \u03c3\u03b5 \u03b2\u03ac\u03c3\u03b7 \u03c0\u03c1\u03bf\u03c3\u03b1\u03c1\u03bc\u03bf\u03c3\u03bc\u03ad\u03bd\u03b7\u03c2 \u03c3\u03c4\u03b7\u03bd \u03b1\u03bd\u03ac\u03c0\u03c4\u03c5\u03be\u03b7 \u03b4\u03b5\u03af\u03c7\u03bd\u03b5\u03b9 \u03b9\u03c3\u03cc\u03c4\u03b9\u03bc\u03bf \u03bc\u03b5 \u03c4\u03b9\u03c2 \u03c4\u03c1\u03ac\u03c0\u03b5\u03b6\u03b5\u03c2 GEM.<\/p>\n<p>\u038c\u03c0\u03c9\u03c2 \u03b5\u03c0\u03b9\u03c3\u03b7\u03bc\u03b1\u03af\u03bd\u03bf\u03c5\u03bd \u03bf\u03b9 \u03b1\u03bd\u03b1\u03bb\u03c5\u03c4\u03ad\u03c2, \u03bf\u03b9 \u03b5\u03bb\u03bb\u03b7\u03bd\u03b9\u03ba\u03ad\u03c2 \u03c4\u03c1\u03ac\u03c0\u03b5\u03b6\u03b5\u03c2 \u03c3\u03c5\u03bd\u03b5\u03c7\u03af\u03b6\u03bf\u03c5\u03bd \u03bd\u03b1 \u03b2\u03c1\u03af\u03c3\u03ba\u03bf\u03bd\u03c4\u03b1\u03b9 \u03c3\u03b5 \u03bc\u03b9\u03b1 \u03c4\u03c1\u03bf\u03c7\u03b9\u03ac \u03b1\u03bd\u03ac\u03ba\u03b1\u03bc\u03c8\u03b7\u03c2, \u03ba\u03bb\u03b5\u03af\u03bd\u03bf\u03bd\u03c4\u03b1\u03c2 \u03c4\u03b7 \u03c7\u03c1\u03bf\u03bd\u03b9\u03ac \u03bc\u03b5 \u03bc\u03ad\u03c3\u03bf \u03b4\u03b5\u03af\u03ba\u03c4\u03b7 ROTE \u03c3\u03c4\u03bf 14%, \u03b4\u03b5\u03af\u03ba\u03c4\u03b7 CET1 \u03c3\u03c4\u03bf 15,6% \u03ba\u03b1\u03b9 \u03b4\u03b5\u03af\u03ba\u03c4\u03b7 NPE \u03c3\u03c4\u03bf 4%<strong>\u00a0\u03c0\u03b5\u03c1\u03af\u03c0\u03bf\u03c5<\/strong>\u00a0\u03ba\u03b1\u03b9 \u03bc\u03b5 \u03b5\u03c0\u03af\u03c0\u03b5\u03b4\u03b1 \u03ba\u03ac\u03bb\u03c5\u03c8\u03b7\u03c2 \u03c3\u03c4\u03bf 66%. \u0391\u03c5\u03c4\u03bf\u03af \u03bf\u03b9 \u03b4\u03b5\u03af\u03ba\u03c4\u03b5\u03c2 \u03ba\u03b1\u03b9 \u03bf\u03b9 \u03bc\u03b5\u03c4\u03c1\u03ae\u03c3\u03b5\u03b9\u03c2 \u03b2\u03c1\u03af\u03c3\u03ba\u03bf\u03bd\u03c4\u03b1\u03b9 \u03c0\u03bb\u03ad\u03bf\u03bd\u00a0<strong>\u03b5\u03bd\u03c4\u03cc\u03c2 \u03b5\u03bd\u03cc\u03c2 \u03b5\u03cd\u03c1\u03bf\u03c5\u03c2 \u00ab\u03ba\u03b1\u03bd\u03bf\u03bd\u03b9\u03ba\u03ce\u03bd\u00bb \u03bc\u03ad\u03c3\u03c9\u03bd \u03b5\u03c0\u03b9\u03c0\u03ad\u03b4\u03c9\u03bd \u03b3\u03b9\u03b1 \u03c4\u03b9\u03c2 \u03c4\u03c1\u03ac\u03c0\u03b5\u03b6\u03b5\u03c2 \u03c3\u03c4\u03b9\u03c2 \u03b1\u03bd\u03b1\u03b4\u03c5\u03cc\u03bc\u03b5\u03bd\u03b5\u03c2 \u03b1\u03b3\u03bf\u03c1\u03ad\u03c2 \u03ba\u03b1\u03b9 \u03c4\u03b7\u03bd \u0395\u03c5\u03c1\u03ce\u03c0\u03b7<\/strong>. \u03a3\u03c4\u03b1 \u03b5\u03c4\u03ae\u03c3\u03b9\u03b1 \u03b1\u03c0\u03bf\u03c4\u03b5\u03bb\u03ad\u03c3\u03bc\u03b1\u03c4\u03b1 \u03c0\u03bf\u03c5 \u03b1\u03bd\u03b1\u03ba\u03bf\u03af\u03bd\u03c9\u03c3\u03b1\u03bd, \u03bf\u03b9 \u03b4\u03b9\u03bf\u03b9\u03ba\u03ae\u03c3\u03b5\u03b9\u03c2 \u03c4\u03c9\u03bd \u03c4\u03b5\u03c3\u03c3\u03ac\u03c1\u03c9\u03bd \u03c3\u03c5\u03c3\u03c4\u03b7\u03bc\u03b9\u03ba\u03ce\u03bd \u03ad\u03b4\u03c9\u03c3\u03b1\u03bd \u03ad\u03bd\u03b1 \u03c3\u03c4\u03b1\u03b8\u03b5\u03c1\u03cc \u03ba\u03b1\u03b9 \u03b9\u03c3\u03c7\u03c5\u03c1\u03cc \u03c3\u03b5\u03c4 \u03c9\u03c2 \u03c0\u03c1\u03bf\u03c2 \u03c4\u03b9\u03c2 \u03bc\u03b5\u03c3\u03bf\u03c0\u03c1\u03cc\u03b8\u03b5\u03c3\u03bc\u03b5\u03c2 \u03c0\u03c1\u03bf\u03bf\u03c0\u03c4\u03b9\u03ba\u03ad\u03c2, \u03bc\u03b5 \u03c4\u03b1\u00a0<strong>\u03bc\u03b5\u03c1\u03af\u03c3\u03bc\u03b1\u03c4\u03b1<\/strong> \u03bd\u03b1 \u03b1\u03c0\u03bf\u03c4\u03b5\u03bb\u03bf\u03cd\u03bd \u03ad\u03bd\u03b1 \u03c3\u03b7\u03bc\u03b1\u03bd\u03c4\u03b9\u03ba\u03cc \u03c4\u03bc\u03ae\u03bc\u03b1 \u03c4\u03c9\u03bd \u03c3\u03c4\u03c1\u03b1\u03c4\u03b7\u03b3\u03b9\u03ba\u03ce\u03bd \u03c4\u03bf\u03c5\u03c2 \u03c3\u03c7\u03b5\u03b4\u03b9\u03b1\u03c3\u03bc\u03ce\u03bd \u03b3\u03b9\u03b1 \u03c4\u03bf 2024 &#8211; 2026, \u03c7\u03ac\u03c1\u03b7 \u03c3\u03c4\u03b7\u03bd \u03b1\u03c0\u03bf\u03ba\u03b1\u03c4\u03ac\u03c3\u03c4\u03b1\u03c3\u03b7 \u03c4\u03c9\u03bd \u00abcapital buffers\u00bb \u03c3\u03b5 \u03c0\u03b9\u03bf \u03c5\u03b3\u03b9\u03ae \u03b5\u03c0\u03af\u03c0\u03b5\u03b4\u03b1.<\/p>\n<p>\u0388\u03c4\u03c3\u03b9, \u03bc\u03b5\u03c4\u03ac \u03b1\u03c0\u03cc \u03bc\u03b9\u03b1 \u03b4\u03b5\u03ba\u03b1\u03b5\u03c4\u03ae \u03b1\u03c0\u03bf\u03c5\u03c3\u03af\u03b1 \u03c3\u03c4\u03b9\u03c2 \u03b4\u03b9\u03b1\u03bd\u03bf\u03bc\u03ad\u03c2 \u03bc\u03b5\u03c1\u03b9\u03c3\u03bc\u03ac\u03c4\u03c9\u03bd, \u03bf\u03b9 \u03b5\u03bb\u03bb\u03b7\u03bd\u03b9\u03ba\u03ad\u03c2 \u03c4\u03c1\u03ac\u03c0\u03b5\u03b6\u03b5\u03c2 \u03c3\u03c7\u03b5\u03b4\u03b9\u03ac\u03b6\u03bf\u03c5\u03bd \u03bd\u03b1 \u03b4\u03b9\u03b1\u03bd\u03b5\u03af\u03bc\u03bf\u03c5\u03bd \u03c4\u03bf \u03c0\u03c1\u03ce\u03c4\u03bf \u03bc\u03ad\u03c1\u03b9\u03c3\u03bc\u03b1 \u03c4\u03bf 2024 &#8211; \u03b1\u03c0\u03cc \u03c4\u03b7 \u03c7\u03c1\u03ae\u03c3\u03b7 \u03c4\u03bf\u03c5 2023 &#8211; \u03ba\u03b1\u03b9 \u03c3\u03c4\u03bf\u03c7\u03b5\u03cd\u03bf\u03c5\u03bd \u03bf\u03b9 \u03b4\u03b5\u03af\u03ba\u03c4\u03b5\u03c2 \u03b4\u03b9\u03b1\u03bd\u03bf\u03bc\u03ae\u03c2 \u03b5\u03c0\u03af \u03c4\u03c9\u03bd \u03ba\u03b5\u03c1\u03b4\u03ce\u03bd \u03bd\u03b1 \u03c4\u03b5\u03af\u03bd\u03bf\u03c5\u03bd \u03c0\u03c1\u03bf\u03c2 \u03c4\u03b1 \u03bc\u03ad\u03c3\u03b1 \u03b5\u03c5\u03c1\u03c9\u03c0\u03b1\u03ca\u03ba\u03ac \u03b5\u03c0\u03af\u03c0\u03b5\u03b4\u03b1 \u03ad\u03c9\u03c2 \u03c4\u03bf 2026. \u03a3\u03c4\u03b7 \u03b2\u03ac\u03c3\u03b7 \u03bb\u03bf\u03b9\u03c0\u03cc\u03bd \u03c4\u03bf\u03c5 guidance \u03c4\u03c9\u03bd \u03c4\u03c1\u03b1\u03c0\u03b5\u03b6\u03ce\u03bd \u03ba\u03b1\u03b9 \u03c4\u03c9\u03bd \u03c4\u03b5\u03bb\u03b5\u03c5\u03c4\u03b1\u03af\u03c9\u03bd \u03b5\u03ba\u03c4\u03b9\u03bc\u03ae\u03c3\u03b5\u03c9\u03bd \u03c3\u03c4\u03bf \u03bc\u03b1\u03ba\u03c1\u03bf\u03bf\u03b9\u03ba\u03bf\u03bd\u03bf\u03bc\u03b9\u03ba\u03cc \u03c3\u03ba\u03ad\u03bb\u03bf\u03c2,\u00a0<strong>\u03bf\u03b9 \u03b1\u03bd\u03b1\u03bb\u03c5\u03c4\u03ad\u03c2 \u03b1\u03c5\u03be\u03ac\u03bd\u03bf\u03c5\u03bd \u03c4\u03b9\u03c2 \u03b5\u03ba\u03c4\u03b9\u03bc\u03ae\u03c3\u03b5\u03b9\u03c2 \u03c4\u03bf\u03c5\u03c2 \u03b3\u03b9\u03b1 \u03c4\u03b1 EPS (\u03ba\u03ad\u03c1\u03b4\u03b7 \u03b1\u03bd\u03ac \u03bc\u03b5\u03c4\u03bf\u03c7\u03ae) \u03b3\u03b9\u03b1 \u03c4\u03bf 2024 &#8211; 2026 \u03ba\u03b1\u03c4\u03ac 9%<\/strong>\u00a0\u03ba\u03b1\u03c4\u03ac \u03bc\u03ad\u03c3\u03bf \u03cc\u03c1\u03bf, \u03bc\u03b5\u00a0<strong>\u03ba\u03b1\u03bd\u03bf\u03bd\u03b9\u03ba\u03bf\u03c0\u03bf\u03b9\u03b7\u03bc\u03ad\u03bd\u03bf \u03b4\u03b5\u03af\u03ba\u03c4\u03b7 ROTE \u03c3\u03c4\u03bf 12% \u03c0\u03b5\u03c1\u03af\u03c0\u03bf\u03c5, \u03bc\u03ad\u03c3\u03bf \u03b5\u03c0\u03af\u03c0\u03b5\u03b4\u03bf CET1 \u03b3\u03b9\u03b1 \u03c4\u03bf 2026 \u03c3\u03c4\u03bf 18,4%<\/strong>\u00a0(\u03c4\u03bf \u03bf\u03c0\u03bf\u03af\u03bf \u03b1\u03bd\u03c4\u03b9\u03c3\u03c4\u03bf\u03b9\u03c7\u03b5\u03af \u03c3\u03b5 \u03b4\u03b9\u03b1\u03bd\u03bf\u03bc\u03ae 50% \u03b5\u03c0\u03af \u03c4\u03c9\u03bd \u03ba\u03b5\u03c1\u03b4\u03ce\u03bd \u03c4\u03bf 2026) \u03ba\u03b1\u03b9\u00a0<strong>\u03b4\u03b5\u03af\u03ba\u03c4\u03b7 NPE \u03c3\u03c4\u03bf 2,5%<\/strong>\u00a0(\u03bc\u03b5 \u03b5\u03c0\u03af\u03c0\u03b5\u03b4\u03b1 \u03ba\u03ac\u03bb\u03c5\u03c8\u03b7\u03c2 \u03ac\u03bd\u03c9 \u03c4\u03bf\u03c5 100%).<\/p>\n<p>\u03a9\u03c2 \u03c0\u03c1\u03bf\u03c2 \u03c4\u03bf\u00a0<strong>\u03ba\u03b1\u03b8\u03b1\u03c1\u03cc \u03b5\u03c0\u03b9\u03c4\u03bf\u03ba\u03b9\u03b1\u03ba\u03cc \u03c0\u03b5\u03c1\u03b9\u03b8\u03ce\u03c1\u03b9\u03bf (NIM)<\/strong>, \u03b7 Goldman Sachs \u03b4\u03b9\u03b1\u03c4\u03b7\u03c1\u03b5\u03af \u03bc\u03b9\u03b1 \u03c0\u03b9\u03bf \u03b5\u03c0\u03bf\u03b9\u03ba\u03bf\u03b4\u03bf\u03bc\u03b7\u03c4\u03b9\u03ba\u03ae \u03c3\u03c4\u03ac\u03c3\u03b7 \u03b1\u03c0\u03cc \u03c4\u03b7\u03bd \u03ba\u03b1\u03b8\u03bf\u03b4\u03ae\u03b3\u03b7\u03c3\u03b7, \u03b1\u03bd\u03b1\u03bc\u03ad\u03bd\u03bf\u03bd\u03c4\u03b1\u03c2 \u03bc\u03b9\u03b1 \u03c3\u03c4\u03b1\u03b8\u03b5\u03c1\u03ae \u03c0\u03bf\u03c1\u03b5\u03af\u03b1 \u03c4\u03bf 2024 \u03ad\u03bd\u03b1\u03bd\u03c4\u03b9 \u03c5\u03c0\u03bf\u03c7\u03ce\u03c1\u03b7\u03c3\u03b7\u03c2 \u03ba\u03b1\u03c4\u03ac \u03c0\u03b5\u03c1\u03af\u03c0\u03bf\u03c5 10 &#8211; 15 \u03bc\u03bf\u03bd\u03ac\u03b4\u03b5\u03c2 \u03b2\u03ac\u03c3\u03b7\u03c2 \u03c0\u03bf\u03c5 \u03b1\u03bd\u03b1\u03bc\u03ad\u03bd\u03bf\u03c5\u03bd \u03bf\u03b9 \u03b4\u03b9\u03bf\u03b9\u03ba\u03ae\u03c3\u03b5\u03b9\u03c2. \u00ab\u03a9\u03c3\u03c4\u03cc\u03c3\u03bf, \u03c6\u03b1\u03af\u03bd\u03b5\u03c4\u03b1\u03b9 \u03bd\u03b1 \u03b5\u03af\u03bc\u03b1\u03c3\u03c4\u03b5 \u03bf\u03c1\u03b9\u03b1\u03ba\u03ac \u03c0\u03b9\u03bf \u03c3\u03c5\u03bd\u03c4\u03b7\u03c1\u03b7\u03c4\u03b9\u03ba\u03bf\u03af \u03c3\u03b5 \u03c3\u03c7\u03ad\u03c3\u03b7 \u03bc\u03b5 \u03c4\u03b7\u03bd \u03ba\u03b1\u03b8\u03bf\u03b4\u03ae\u03b3\u03b7\u03c3\u03b7 \u03b3\u03b9\u03b1 \u03c4\u03bf NIM \u03ba\u03b1\u03b9 \u03c4\u03bf ROTE \u03b3\u03b9\u03b1 \u03c4\u03bf 2025 &#8211; 2026, \u03ba\u03c5\u03c1\u03af\u03c9\u03c2 \u03b5\u03c0\u03b5\u03b9\u03b4\u03ae \u03c7\u03c1\u03b7\u03c3\u03b9\u03bc\u03bf\u03c0\u03bf\u03b9\u03bf\u03cd\u03bc\u03b5 \u03bc\u03b9\u03b1 \u03c0\u03b9\u03bf \u03c3\u03c5\u03bd\u03c4\u03b7\u03c1\u03b7\u03c4\u03b9\u03ba\u03ae \u03c5\u03c0\u03cc\u03b8\u03b5\u03c3\u03b7 \u03b3\u03b9\u03b1 \u03c4\u03bf \u03b5\u03c0\u03b9\u03c4\u03cc\u03ba\u03b9\u03bf DFR (\u03b5\u03c0\u03b9\u03c4\u03cc\u03ba\u03b9\u03bf \u03b4\u03b9\u03b5\u03c5\u03ba\u03cc\u03bb\u03c5\u03bd\u03c3\u03b7\u03c2 \u03b1\u03c0\u03bf\u03b4\u03bf\u03c7\u03ae\u03c2 \u03ba\u03b1\u03c4\u03b1\u03b8\u03ad\u03c3\u03b5\u03c9\u03bd) \u03c4\u03b7\u03c2 \u0395\u039a\u03a4 \u03c3\u03c4\u03bf\u00a0<strong>2,25%<\/strong>\u00a0(\u03ad\u03bd\u03b1\u03bd\u03c4\u03b9 \u03c0\u03b5\u03c1\u03af\u03c0\u03bf\u03c5 2,5% \u03ba\u03b1\u03c4\u03ac \u03bc\u03ad\u03c3\u03bf \u03cc\u03c1\u03bf \u03c0\u03bf\u03c5 \u03b8\u03ad\u03c4\u03bf\u03c5\u03bd \u03bf\u03b9 \u03c4\u03c1\u03ac\u03c0\u03b5\u03b6\u03b5\u03c2). \u03a3\u03c4\u03bf \u03bc\u03bf\u03bd\u03c4\u03ad\u03bb\u03bf \u03bc\u03b1\u03c2 \u03b8\u03ad\u03c4\u03bf\u03c5\u03bc\u03b5 \u03b3\u03b5\u03bd\u03b9\u03ba\u03ac \u03ad\u03bd\u03b1 \u03c3\u03c4\u03b1\u03b8\u03b5\u03c1\u03cc NIM \u03c4\u03bf 2024 \u03bc\u03b5 \u03bc\u03b9\u03b1 \u03c5\u03c0\u03bf\u03c7\u03ce\u03c1\u03b7\u03c3\u03b7 \u03ba\u03b1\u03c4\u03ac 30 \u03ba\u03b1\u03b9 10 \u03bc\u03bf\u03bd\u03ac\u03b4\u03b5\u03c2 \u03b2\u03ac\u03c3\u03b7\u03c2 \u03c4\u03bf 2025 \u03ba\u03b1\u03b9 \u03c4\u03bf 2026 \u03b1\u03bd\u03c4\u03af\u03c3\u03c4\u03bf\u03b9\u03c7\u03b1, \u03ba\u03c5\u03c1\u03af\u03c9\u03c2 \u03b2\u03ac\u03c3\u03b5\u03b9 \u03c4\u03c9\u03bd \u03b1\u03bd\u03b1\u03bc\u03b5\u03bd\u03cc\u03bc\u03b5\u03bd\u03c9\u03bd \u03bc\u03b5\u03b9\u03ce\u03c3\u03b5\u03c9\u03bd \u03c3\u03c4\u03b1 \u03b5\u03c0\u03b9\u03c4\u03cc\u03ba\u03b9\u03b1 (\u03c5\u03c0\u03bf\u03b8\u03ad\u03c4\u03bf\u03c5\u03bc\u03b5 \u03ad\u03bd\u03b1 \u03bc\u03ad\u03c3\u03bf\u00a0<strong>DFR \u03c3\u03c4\u03bf 3,44% &#8211; 2,25% &#8211; 2,25% \u03c4\u03bf 2024 -2026<\/strong>)\u00bb, \u03b1\u03bd\u03b1\u03c6\u03ad\u03c1\u03bf\u03c5\u03bd \u03bf\u03b9 \u03b1\u03bd\u03b1\u03bb\u03c5\u03c4\u03ad\u03c2.<\/p>\n<p>\u03a0\u03b1\u03c1\u03ac\u03bb\u03bb\u03b7\u03bb\u03b1, \u03b1\u03bd\u03b1\u03bc\u03ad\u03bd\u03bf\u03c5\u03bd\u00a0<strong>\u03ba\u03b1\u03bd\u03bf\u03bd\u03b9\u03ba\u03bf\u03c0\u03bf\u03b9\u03b7\u03bc\u03ad\u03bd\u03bf \u03ba\u03cc\u03c3\u03c4\u03bf\u03c2 \u03ba\u03b9\u03bd\u03b4\u03cd\u03bd\u03bf\u03c5<\/strong>\u00a0\u03b3\u03b9\u03b1 \u03c4\u03bf 2025 \u03c3\u03c4\u03b9\u03c2 60 &#8211; 60 &#8211; 70 &#8211; 70 \u03bc\u03bf\u03bd\u03ac\u03b4\u03b5\u03c2 \u03b2\u03ac\u03c3\u03b7\u03c2 \u03b3\u03b9\u03b1 \u03c4\u03b9\u03c2 \u0395\u03b8\u03bd\u03b9\u03ba\u03ae &#8211; Eurobank &#8211; \u03a0\u03b5\u03b9\u03c1\u03b1\u03b9\u03ce\u03c2 &#8211; Alpha \u03b1\u03bd\u03c4\u03af\u03c3\u03c4\u03bf\u03b9\u03c7\u03b1 \u03ba\u03b1\u03b9 51 &#8211; 52 &#8211; 57 &#8211; 59 \u03bc\u03bf\u03bd\u03ac\u03b4\u03b5\u03c2 \u03b2\u03ac\u03c3\u03b7\u03c2 \u03b1\u03bd\u03c4\u03af\u03c3\u03c4\u03bf\u03b9\u03c7\u03b1 \u03b3\u03b9\u03b1 \u03c4\u03bf 2026. \u03a4\u03b1 \u03c3\u03c7\u03b5\u03c4\u03b9\u03ba\u03ac \u03b5\u03c0\u03af\u03c0\u03b5\u03b4\u03b1 \u03ba\u03cc\u03c3\u03c4\u03bf\u03c5\u03c2 \u03ba\u03b9\u03bd\u03b4\u03cd\u03bd\u03bf\u03c5 \u03ad\u03c7\u03bf\u03c5\u03bd \u03bc\u03b9\u03b1 \u03b1\u03c1\u03bd\u03b7\u03c4\u03b9\u03ba\u03ae \u03c3\u03c5\u03c3\u03c7\u03ad\u03c4\u03b9\u03c3\u03b7 \u03bc\u03b5 \u03c4\u03b1 \u03b5\u03c0\u03af\u03c0\u03b5\u03b4\u03b1 \u03c4\u03bf\u03c5 \u03b1\u03c0\u03cc\u03bb\u03c5\u03c4\u03bf\u03c5 \u03b4\u03b5\u03af\u03ba\u03c4\u03b7 NPE \u03ba\u03b1\u03b9 \u03b8\u03b5\u03c4\u03b9\u03ba\u03ae \u03bc\u03b5 \u03c4\u03bf\u03c5\u03c2 \u03b4\u03b5\u03af\u03ba\u03c4\u03b5\u03c2 \u03ba\u03ac\u03bb\u03c5\u03c8\u03b7\u03c2.<\/p>\n<p>\u039f \u03bf\u03af\u03ba\u03bf\u03c2 \u03b1\u03bd\u03b1\u03bc\u03ad\u03bd\u03b5\u03b9 \u03b5\u03c0\u03af\u03c3\u03b7\u03c2 \u03b1\u03cd\u03be\u03b7\u03c3\u03b7 \u03c4\u03c9\u03bd\u00a0<strong>\u03ba\u03b1\u03b8\u03b1\u03c1\u03ce\u03bd \u03b5\u03c3\u03cc\u03b4\u03c9\u03bd \u03b1\u03c0\u03bf \u03c4\u03cc\u03ba\u03bf\u03c5\u03c2<\/strong>\u00a0\u03c4\u03b7\u03c2 \u0395\u03b8\u03bd\u03b9\u03ba\u03ae\u03c2 \u03ba\u03b1\u03b9 \u03c4\u03b7\u03c2 \u03a0\u03b5\u03b9\u03c1\u03b1\u03b9\u03ce\u03c2 \u03b3\u03b9\u03b1 \u03c4\u03b7\u03bd \u03c0\u03b5\u03c1\u03af\u03bf\u03b4\u03bf 2024 &#8211; 2026, \u03ba\u03b1\u03b8\u03ce\u03c2 \u03c5\u03b9\u03bf\u03b8\u03b5\u03c4\u03b5\u03af \u03bc\u03b9\u03b1 \u03c5\u03c0\u03bf\u03c7\u03ce\u03c1\u03b7\u03c3\u03b7 \u03c4\u03bf\u03c5 \u03c0\u03bf\u03c3\u03bf\u03c3\u03c4\u03bf\u03cd \u03c4\u03c9\u03bd \u03c0\u03c1\u03bf\u03b8\u03b5\u03c3\u03bc\u03b9\u03b1\u03ba\u03ce\u03bd \u03ba\u03b1\u03c4\u03b1\u03b8\u03ad\u03c3\u03b5\u03c9\u03bd \u03b3\u03b9\u03b1 \u03b1\u03c5\u03c4\u03ad\u03c2 \u03c4\u03b9\u03c2 \u03c4\u03c1\u03ac\u03c0\u03b5\u03b6\u03b5\u03c2 \u03ba\u03b1\u03c4\u03ac 10% \u03c0\u03b5\u03c1\u03af\u03c0\u03bf\u03c5 (\u03c0\u03bf\u03c5 \u03b1\u03bd\u03c4\u03b9\u03c3\u03c4\u03b1\u03b8\u03bc\u03af\u03b6\u03b5\u03b9 \u03c4\u03bf\u03bd \u03b1\u03bd\u03c4\u03af\u03ba\u03c4\u03c5\u03c0\u03bf \u03c4\u03c9\u03bd \u03c7\u03b1\u03bc\u03b7\u03bb\u03cc\u03c4\u03b5\u03c1\u03c9\u03bd \u03b5\u03c0\u03b9\u03c4\u03bf\u03ba\u03af\u03c9\u03bd \u03c4\u03b7\u03c2 \u0395\u039a\u03a4). \u0391\u03c0\u03cc \u03c4\u03b7\u03bd \u03ac\u03bb\u03bb\u03b7, \u03b2\u03bb\u03ad\u03c0\u03b5\u03b9 \u03bc\u03b5\u03af\u03c9\u03c3\u03b7 \u03ba\u03b1\u03b8\u03b1\u03c1\u03ce\u03bd \u03b5\u03c3\u03cc\u03b4\u03c9\u03bd \u03b1\u03c0\u03cc \u03c4\u03cc\u03ba\u03bf\u03c5\u03c2 \u03b3\u03b9\u03b1 \u03c4\u03b9\u03c2 Eurobank \u03ba\u03b1\u03b9 Alpha, \u03c5\u03c0\u03cc \u03c4\u03b7\u03bd \u03c5\u03c0\u03cc\u03b8\u03b5\u03c3\u03b7 \u03c4\u03c9\u03bd \u03c7\u03b1\u03bc\u03b7\u03bb\u03cc\u03c4\u03b5\u03c1\u03c9\u03bd \u03b5\u03c0\u03b9\u03c4\u03bf\u03ba\u03af\u03c9\u03bd \u03c4\u03b7\u03c2 \u0395\u039a\u03a4 \u03c3\u03b5 \u03bc\u03b5\u03c3\u03bf\u03c0\u03c1\u03cc\u03b8\u03b5\u03c3\u03bc\u03b7 \u03b2\u03ac\u03c3\u03b7. \u03a3\u03b7\u03bc\u03b5\u03b9\u03ce\u03c3\u03c4\u03b5 \u03cc\u03c4\u03b9 \u03b7 Alpha \u03c4\u03b1\u03be\u03b9\u03bd\u03bf\u03bc\u03b5\u03af \u03c4\u03b9\u03c2 \u03b4\u03c1\u03b1\u03c3\u03c4\u03b7\u03c1\u03b9\u03cc\u03c4\u03b7\u03c4\u03b5\u03c2 \u03c4\u03b7\u03c2 \u03c3\u03c4\u03b7 \u03a1\u03bf\u03c5\u03bc\u03b1\u03bd\u03af\u03b1 \u03c9\u03c2 \u00ab\u03c0\u03c1\u03bf\u03c2 \u03c0\u03ce\u03bb\u03b7\u03c3\u03b7\u00bb \u03bc\u03b5\u03c4\u03ac \u03c4\u03b7 \u03c3\u03c5\u03bd\u03b1\u03bb\u03bb\u03b1\u03b3\u03ae \u03bc\u03b5 \u03c4\u03b7\u03bd UniCredit \u03ba\u03b1\u03b9 \u03b5\u03c0\u03bf\u03bc\u03ad\u03bd\u03c9\u03c2 \u03b7 \u03c3\u03c5\u03bd\u03b5\u03b9\u03c3\u03c6\u03bf\u03c1\u03ac \u03c4\u03b7\u03c2 \u03a1\u03bf\u03c5\u03bc\u03b1\u03bd\u03af\u03b1\u03c2 \u03b5\u03be\u03b1\u03b9\u03c1\u03b5\u03af\u03c4\u03b1\u03b9 \u03b1\u03c0\u03cc \u03cc\u03bb\u03b5\u03c2 \u03c4\u03b9\u03c2 \u03b3\u03c1\u03b1\u03bc\u03bc\u03ad\u03c2.<\/p>\n<p>\u0395\u03c0\u03b9\u03c0\u03bb\u03ad\u03bf\u03bd, \u03b7 \u03b5\u03ba\u03c4\u03af\u03bc\u03b7\u03c3\u03b7 \u03b3\u03b9\u03b1 \u03c4\u03bf \u03b5\u03c0\u03af\u03c0\u03b5\u03b4\u03bf \u03c0\u03c1\u03bf\u03b2\u03bb\u03ad\u03c8\u03b5\u03c9\u03bd \u03bc\u03b5\u03b9\u03ce\u03bd\u03b5\u03c4\u03b1\u03b9 \u03b3\u03b9\u03b1 \u03c4\u03b9\u03c2 \u03c4\u03c1\u03ac\u03c0\u03b5\u03b6\u03b5\u03c2 \u03bc\u03b5 \u03c7\u03b1\u03bc\u03b7\u03bb\u03cc\u03c4\u03b5\u03c1\u03bf\u03c5\u03c2 \u03b4\u03b5\u03af\u03ba\u03c4\u03b5\u03c2 NPE \u03ba\u03b1\u03b9 \u03c5\u03c8\u03b7\u03bb\u03cc\u03c4\u03b5\u03c1\u03bf\u03c5\u03c2 \u03b4\u03b5\u03af\u03ba\u03c4\u03b5\u03c2 \u03ba\u03ac\u03bb\u03c5\u03c8\u03b7\u03c2 (\u0395\u03b8\u03bd\u03b9\u03ba\u03ae, \u03a0\u03b5\u03b9\u03c1\u03b1\u03b9\u03ce\u03c2 \u03ba\u03b1\u03b9 Eurobank) \u03ba\u03b1\u03b9 \u03bf\u03c1\u03b9\u03b1\u03ba\u03ac \u03b1\u03c5\u03be\u03ac\u03bd\u03b5\u03c4\u03b1\u03b9 \u03b3\u03b9\u03b1 \u03c4\u03b7\u03bd Alpha \u03b3\u03b9\u03b1 \u03c4\u03b7\u03bd \u03c0\u03b5\u03c1\u03af\u03bf\u03b4\u03bf 2024 &#8211; 2025 (\u03b5\u03bd \u03bc\u03ad\u03c3\u03c9 \u03c5\u03c8\u03b7\u03bb\u03cc\u03c4\u03b5\u03c1\u03bf\u03c5 \u03b4\u03b5\u03af\u03ba\u03c4\u03b7 NPE \u03ba\u03b1\u03b9 \u03c7\u03b1\u03bc\u03b7\u03bb\u03cc\u03c4\u03b5\u03c1\u03bf\u03c5 \u03b4\u03b5\u03af\u03ba\u03c4\u03b7 \u03ba\u03ac\u03bb\u03c5\u03c8\u03b7\u03c2 \u03ad\u03bd\u03b1\u03bd\u03c4\u03b9 \u03c4\u03c9\u03bd \u03bf\u03bc\u03bf\u03c4\u03af\u03bc\u03c9\u03bd). \u0397 \u03c3\u03c5\u03bd\u03b4\u03c5\u03b1\u03c3\u03bc\u03ad\u03bd\u03b7 \u03b4\u03c5\u03bd\u03b1\u03bc\u03b9\u03ba\u03ae \u03c4\u03c9\u03bd \u03b1\u03bb\u03bb\u03b1\u03b3\u03ce\u03bd \u03c3\u03c4\u03b1 \u03ba\u03b1\u03b8\u03b1\u03c1\u03ac \u03ad\u03c3\u03bf\u03b4\u03b1 \u03b1\u03c0\u03cc \u03c4\u03cc\u03ba\u03bf\u03c5\u03c2 \u03ba\u03b1\u03b9 \u03c3\u03c4\u03b9\u03c2 \u03c0\u03c1\u03bf\u03b2\u03bb\u03ad\u03c8\u03b5\u03b9\u03c2 \u03ba\u03b1\u03b8\u03bf\u03c1\u03af\u03b6\u03b5\u03b9 \u03c4\u03b9\u03c2 \u03c4\u03b5\u03bb\u03b9\u03ba\u03ad\u03c2 \u03bc\u03b5\u03c4\u03b1\u03b2\u03bf\u03bb\u03ad\u03c2 \u03c3\u03c4\u03b1\u00a0<strong>EPS \u03b3\u03b9\u03b1 \u03c4\u03bf 2024 &#8211; 2027. \u0397 Goldman Sachs \u03b5\u03b9\u03c3\u03ac\u03b3\u03b5\u03b9 \u03b5\u03c0\u03af\u03c3\u03b7\u03c2 \u03c3\u03c4\u03bf \u03bc\u03bf\u03bd\u03c4\u03ad\u03bb\u03bf \u03c4\u03b7\u03c2 \u03c4\u03b7\u03bd \u03b5\u03ba\u03c4\u03af\u03bc\u03b7\u03c3\u03ae \u03b3\u03b9\u03b1 \u03c4\u03b1 EPS \u03b3\u03b9\u03b1 \u03c4\u03bf 2028, \u03bc\u03b5 \u03c4\u03bf\u03bd \u03c0\u03ae\u03c7\u03b7 \u03bd\u03b1 \u03c4\u03bf\u03c0\u03bf\u03b8\u03b5\u03c4\u03b5\u03af\u03c4\u03b1\u03b9 \u03c3\u03c4\u03b1 0,38 &#8211; 0,35 &#8211; 1,19 &#8211; 0,87 \u03b3\u03b9\u03b1 \u03c4\u03b7\u03bd Alpha &#8211; Eurobank &#8211; \u0395\u03a4\u0395 &#8211; \u03a0\u03b5\u03b9\u03c1\u03b1\u03b9\u03ce\u03c2.<\/strong><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u03a3\u03b5\u00a0\u03bd\u03ad\u03b1 \u03c3\u03b7\u03bc\u03b1\u03bd\u03c4\u03b9\u03ba\u03ae \u03b1\u03cd\u03be\u03b7\u03c3\u03b7 \u03c4\u03c9\u03bd \u03c4\u03b9\u03bc\u03ce\u03bd \u03c3\u03c4\u03cc\u03c7\u03c9\u03bd \u03b3\u03b9\u03b1 \u03c4\u03b9\u03c2 \u03bc\u03b5\u03c4\u03bf\u03c7\u03ad\u03c2 \u03c4\u03c9\u03bd \u03b5\u03bb\u03bb\u03b7\u03bd\u03b9\u03ba\u03ce\u03bd \u03c4\u03c1\u03b1\u03c0\u03b5\u03b6\u03ce\u03bd\u00a0\u03b1\u03bb\u03bb\u03ac \u03ba\u03b1\u03b9 \u03c3\u03b5\u00a0\u03b1\u03bd\u03b1\u03b8\u03b5\u03ce\u03c1\u03b7\u03c3\u03b7 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