Is now the time to invest in Greek banks?

A combination of solid loan growth, highly-capitalised and conservative balance sheets, a solid deposit base and attractive valuations are translating into a number of exciting investment opportunities for many banks and other financials in emerging Europe and beyond, says Barings. The Greek banking sector, for example, was significantly impacted by the 2008 global financial crisis. What came out of that is a much stronger banking sector as a result of major debt restructuring and economic adjustment programmes. This, combined with fiscal prudence from the government and the strong performance...