The belief that Greek banks are now in a much more attractive and advantageous position, leaving the climate of uncertainty behind them, was expressed by panel speakers at the 25th Capital Link Investment Forum in New York.
During the discussion, positive developments in the Greek banking system and its prospects for future growth in a more favorable environment were discussed.
The position of Attica Bank CEO Eleni Vrettou – the first woman to be CEO of a Greek bank – is particularly interesting, given that she represents a strengthened organization that aspires to play the role of fifth pole as non-systemic bank in the Greek banking system.
“Why would a customer come to Attica Bank? First of all, they (us) choose because we are faster. We are a small bank, we enjoy flexibility and we care about every customer we have because they are more important to us. We are not so much looking to compete with systemic banks, but to fill any gaps in the system. We are a wise choice for individuals and businesses,” Vrettou emphasized, specifying that the renewed Attic Bank consists of a strong board of directors and is not subject to any form of intervention.
“We have a strong board of directors with executives with experience in both systemic and international banks,” added Vrettou.
“When I was in the Eurogroup, we were called a ‘special case country’. Today, this is no longer the case,” said Eurobank Board Chairman George Zanias, focusing on the flexible pension system and labor law resulting from New Zealand government reforms. Democracy.
“During the years of crisis, many reforms were implemented. At the same time, we now enjoy political stability, with a market-friendly government that strengthens the country’s credibility,” Zanias said.
George Papadimitriou, CEO of Ernst & Young Greece, also highlighted the importance of political stability and consistency of reforms as fundamental elements of the market economy.
“The macroeconomic environment in Greece is very attractive… Everyone knows that Greece is emerging from a long crisis and is now on the path to sustainable growth,” Papadimitriou said.
The Chairman of the Board of Directors of the Hellenic Development Bank, George Zavvos, highlighted the key role of the Hercules program and the fact that it has improved the liquidity of banks. “Hercules succeeded because the government extended it twice. It has also received flattering comments from international financial institutions,” he said.
Elizabeth McCaul, a member of the supervisory board of the European Central Bank (ECB), said Greece’s return to investment grade status was “a very welcome development at the market level”.
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