Greek banking sector turns corner with renewed investor confidence

Bank of America (BofA) Securities confirmed its positive stance on the Greek banking sector this week, stating the banks are undergoing a transitional period as markets focus on the trough for net interest income and the formation of a new merger and acquisition (M&A) cycle.

Despite an expected 19 per cent quarterly fall in net profits in the third quarter, BofA believes investors will concentrate on the medium-term outlook and