HSBC views Greek banks favorably, citing attractive valuations and potential for new capital. A key driver is the upgrade of the Greek market to developed market status. The report highlights the prospect of higher capital distributions as a positive factor. Between July 2nd and early October, Greek banking stocks outperformed the international banking benchmark by approximately 6%. This positive performance indicates growing investor confidence in the sector. HSBC’s assessment suggests a promising future for Greek banks amid broader market improvements. The upgrade to "developed market" status is expected to further boost investment.