After the cleansing of their balance sheets through the disposal of around €80 billion of non-performing assets from 2019, Greek banks are ready to capitalize on stable growth prospects in the country, the renewed strengthening of credit expansion, the improvement of households' and businesses' creditworthiness, the recovery of property prices, and the reduction in unemployment, as stated in Standard & Poor's report.

For Eurobank, S&P upwardly revised the bank's long-term credit rating to 'BB' from 'BB-' and confirmed the short-term rating at 'B' with positive outlook. Additionally, it revised the short-term RCR rating to 'BBB-/A-3' from 'BB+/B'.

As for Eurobank Holdings, it also upwardly revised the company's long-term credit rating to 'B+' from 'B' and confirmed the short-term rating at 'B' with positive outlook.

For the National Bank of Greece, there has also been an upward revision of the long-term credit rating to 'BB' from 'BB-' and confirmation of the short-term rating at 'B', with positive outlook. Additionally, there has been a revision of the long-term and short-term RCR rating to 'BBB-/A-3' from 'BB+/B'.

For Piraeus Bank, it upwardly revised the bank's long-term credit rating to 'BB-' from 'B+' and also confirmed the short-term rating at 'B', providing positive prospects. Moreover, it improved the long-term RCR rating to 'BB+' from 'BB'.

Regarding Piraeus Financial Holdings S.A., the agency also revised the company's long-term credit rating to 'B' from 'B-' and confirmed the short-term rating at 'B' with positive prospects.

For Alpha Bank S.A., it revised the bank's outlook to positive from stable and confirmed the long-term and short-term credit ratings at 'BB-/B' and the RCR at 'BB+/B'.

For Alpha Services and Holdings S.A., the agency revised the outlook to positive from stable and confirmed the long-term and short-term credit ratings at 'B/B' for the bank.