Dual interest rates

Goldman Sachs expects Greek banks to show strong results in the third quarter of the year as well, following the trend of the second quarter, with further strengthening of net interest income, which will be supported by the 50-basis point increase in interest rates, to which it is estimated that the European Central Bank will have progressed in the specific period.

Eurozone banks increased their net interest income in the first nine months of last year, despite incessant complaints that negative central bank rates are wiping out their most basic form of income, data from the European Central Bank showed on Wednesday.