Greek Bank Stocks Rally in May Amid Bailout Deal Optimism: ChartBy
Greek bank stocks gained 21 percent in May, outperforming their peers in Europe, as the government of Alexis Tsipras struck a deal with its creditors clearing doubts about the country’s place in the euro area. All five listed lenders reported improved financial results in the first quarter, after a turbulent year forced them to tap investors for more capital. The banks said they expect to return to profit in 2016 as confidence returns and the economy rebounds.
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