The rate of completion of the second bailout program review will affect Greece’s economic growth and banks’ profitability, reads a report by American investment bank JPMorgan Chase.

A prompt completion of the review would result in Greek bonds being included in the quantitative easing (QE) program of the European Central Bank (ECB), as well as in the regaining of trust, deposit inflows and lifting of capital controls in the second semester of 2017.

On the other hand, any delay in the completion of the review would keep Greece back, since focus would shift to the forthcoming elections in European countries that will negatively affect Greece’s bank sector. JP Morgan analysts foresee higher profitability for banks in 2017, given that their productivity is being improved and fewer “bad loans” are expected. In addition, banks expect a greater decrease in their operating costs, since their branches are being reduced in number.