Greek banks are on track for significant profitability in the first nine months of 2024, with total earnings rising to €3.491 billion, up 22.66% year-on-year. As a result, they have raised their profitability guidelines for the year and are planning to accelerate the amortization of deferred tax assets. The banks expect a cumulative net profit of around €4.5 billion for 2024 and have seen improvements in loan performance and non-performing loans ratios. Foreign investors express renewed confidence in the sector, raising target prices for the banks.