The world’s largest asset manager likes the look of Greek banks, according to an article published by the Financial Times (FT) on Wednesday, which notes an upbeat analysis issued by BlackRock that describes Greece as “resurgent” and sees potential opportunities for investors in Greek stocks that have “room for substantial improvement”.
A successful return to financial markets after a review of Greece’s third bailout “will unlock significant investment demand,” BlackRock’s analysis notes, while it also sees possibilities for the country’s inclusion in the European Central Bank’s bond-buying stimulus policy.
FT quotes Chris Colunga, co-manager of BlackRock’s Emerging Europe PLC, who stresses that inclusion in the ECB bond programme and a “pick-up in economic growth” means Greek banks could move away from doubts about their solvency.
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Photo Source: Wikimedia Commons Copyright: Tilemahos Efthimiadis License: CC-BY-SA
Source: ANA-MPA
