Top 5 Greek Stocks to Watch in 2025: Market Leaders and Their Growth Potential

Introduction

It's a fact!! The Greek stock market made a 180-degree turn and managed to write its name in the most inspiring comeback stories of Europe in 2025. After many years of struggle, Greece declares its presence and is ready to stand on its feet. One of the reasons for this boom is smart finance and new investments. Market experts predict that Greece will rise to the level and be able to compete with the strongest economies in Europe such as France, Germany. The Athens Stock Exchange grew for four consecutive years, recording a jump of 13.65% in 2024 alone, thanks to the boom in banks and new infrastructure projects. Progress does not stop here. The Greek economy is expected to grow further, by around 2.5% approximately in 2025. The plan includes large financial inflows from the EU, causing Greece and Greek stocks to soar and generate interest among Greek and foreign investors.

The Top 5 Greek Stocks

1. Eurobank Ergasias (EURB.AT)

Sector: Banking and Financial Services

Eurobank became Greece's largest bank after merging with Hellenic Bank in 2024. If you're a history buff, it's worth mentioning that Eurobank made a comeback after 16 years, with its profits growing rapidly and finally paying dividends again! Bank of America calls it a top pick for 2025. In fact, its analysts estimate that its stock could soar by 33% as loans increase and the economy recovers.

Extra insight: Eurobank believes and invests heavily in new technology. A vivid example is the use of artificial intelligence in digital banking and customer service. It does this to stay competitive against Fintech startups. They target younger Greeks and expatriates, which could help them grow faster than their traditional rivals.

2. National Bank of Greece (NBG.AT)

Sector: Banking and Financial Services

Many describe it as the country's recovery bank. After years of intense crisis, the bank was fully privatized and continues to attract foreign investors. With Greece's debt shrinking (to 147% of GDP in 2025) and a steady dividend yield of 4.2% (higher than most European banks), it is a favorite for stable, long-term profits.

Extra insight: Through EU-backed loans, Greece’s national bank is financing large infrastructure projects such as solar parks and ports. These moves are highly successful as they simultaneously leverage Greece’s green energy, making it a two-for-one win for banks and sustainability.

3. Alpha Bank (ALPHA.AT)

Sector: Banking and Financial Services

This bank presents great interest. First of all, a large stake was recently purchased by the Italian Uni Credit. This act is a sign of global confidence in Greece. This particular bank (Alpha) focuses on technological upgrades and loans to small businesses. Its share price is lower compared to its European counterparts, which places it in the basket of opportunities for those looking for growth.

Extra insight: A major milestone for Alpha Bank is its partnership with Microsoft. More broadly, they have created a cloud-based banking platform together, aiming to reduce costs and reduce bureaucracy for small businesses. This move has placed this bank in the top spot for Greece’s thriving startup scene.

4. Piraeus Bank (TPEIR.AT)

Sector: Banking and Financial Services

Piraeus Bank has made a great move. First of all, it has managed to change some things with new technological solutions, cutting costs. The move is the expansion it has made into Cyprus’s faster-growing economy. Analysts reckon that its stock could increase by 33% approximately in 2025, especially as tourism and construction rise.

Extra insight: Piraeus Bank aims to offer more and more green loans for eco-friendly hotels and renewable energy projects in Cyprus. Looking to capitalize on tourism, which is booming there, could give it a serious advantage over competitors stuck in slower markets.

5. Athens International Airport (AIA.AT)

Sector: Transportation & Infrastructure

Tourism is undoubtedly the country's most important source of income. This airport is the largest and busiest in Greece and is the main gateway for visitors. It was listed on the Athens Stock Exchange in 2024 and has since used EU funds to upgrade facilities and handle record numbers of travelers—33 million in 2023 alone!

Extra insight: The airport made a significant move. What was it? It added a new terminal that runs entirely on solar power and expanded duty-free shopping zones. This move was intended to transform the airport into a “destination airport” for travelers who are not flying, boosting non-flight revenue.

What’s Driving Growth in 2025

Key factors contributing to this growth are the following:

Economic boom: Greece's economy is galloping and growing faster than the rest of Europe. Thanks to EU subsidies for green energy and technology projects, great news is expected for the post-crisis era (2009-2018).

Tourism boom: As we mentioned before, tourism is Greece's biggest asset. Travel never dies, so for 2025, the country expects even more visitors, boosting airports, hotels and restaurants.

Market upgrades: Greece needs to take advantage of its location, technology and upgrade to new, larger projects. This will attract large investment funds which in turn could allocate billions in its shares.

Banks: Greek banks are now in a healthy period, with fewer precarious loans and stable dividends. This development makes them particularly attractive to new domestic and foreign investors.

Should You Invest?

It is worth noting that Greek stocks remain cheaper than the majority of their counterparts in the rest of Europe. Analysts say they are priced at up to half the level of those in Europe in relation to their earnings.

Potential investors have to considered:

1) Dividends: Banks such as the National Bank of Greece offer annual dividends of 4-5%, which are a better option compared to other European banks.

2) Green Energy and Tech: Greece, as we said, has entered a new path. It is now able to build solar farms and data centers, which could grow rapidly as the world shifts towards cleaner energy.

3) Risks: Trade wars or delays in EU funding could slow growth. However, Greece is keen to maintain good relations with the US to manage to emerge unscathed from the new reality.

Conclusion

After this analysis we have conducted, we can see that The Greek stock market is no longer the underdog - it is a rising star in Europe. With the support of the EU through funds and due to the large inflows through tourism, banking and airport stocks are leading the charge. Although we are going through an unprecedented period with Donald Trump's tariffs, the combination of affordable prices, stable dividends and growth opportunities makes these five stocks worth watching. For investors who are looking ahead, the Greek economy has entered a recovery trajectory, so Greece offers a new and exciting opportunity for the aspiring and the daring!