According to ECB data, Greek systemically important banks derive 79.2% of their income from net interest – the difference between the interest they pay to depositors and the interest they collect on loans. This contrasts sharply with the eurozone average, where net interest income constitutes 60.5% of banks’ earnings.
This disparity implies that if Greek banks aligned with the eurozone average, they would offer depositors significantly higher interest rates, potentially amounting to at least €1.5 billion more per year based on data from the past two years.
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