Banking Challenges in Greece
Gikas A. Hardouvelis
The International Journal of Accounting Symposium Monday , June 3, 2019, 15:00 – 16:30 Divani Caravel Hotel, Athens, Greece
June 3, 2019
Summary
Greek banks have been in crisis for a long time, losing twice ~100% of their stock value, once in February 2012 and then November 2015
- Now for a third time in a row their valuation wavers, with stock prices recently moving up to only 70% their post recapitalization level of 11/ 2015
- They are pressed to quickly shed their NPEs and focus on profitability
- Risks are contained yet profitability under pressure due to stricter regulation, technology and competition
