{"id":3008,"date":"2019-12-13T01:43:57","date_gmt":"2019-12-12T23:43:57","guid":{"rendered":"http:\/\/hardouvelis.gr\/?p=3008"},"modified":"2023-08-04T20:10:16","modified_gmt":"2023-08-04T17:10:16","slug":"greek-banks-a-challenging-road-ahead","status":"publish","type":"post","link":"https:\/\/hardouvelis.gr\/el\/greek-banks-a-challenging-road-ahead\/","title":{"rendered":"Greek banks:  A challenging road ahead"},"content":{"rendered":"<p class=\"qtranxs-available-languages-message qtranxs-available-languages-message-el\">\u0395\u03b3\u03b3\u03c1\u03b1\u03c6\u03ae \u03b4\u03b9\u03b1\u03b8\u03ad\u03c3\u03b9\u03bc\u03b7 \u03c3\u03c4\u03b1 <a href=\"https:\/\/hardouvelis.gr\/en\/wp-json\/wp\/v2\/posts\/3008\" class=\"qtranxs-available-language-link qtranxs-available-language-link-en\" title=\"English\">English<\/a>. For the sake of viewer convenience, the content is shown below in the alternative language. You may click the link to switch the active language.<\/p><p><strong>Greek banks: A challenging road ahead<\/strong><br \/>\nGikas Hardouvelis<br \/>\nGET INVOLVED Annual Conference at the Bank of Greece<br \/>\n<em>Friday, December 13, 2019<\/em><\/p>\n<h3>Abstract:<\/h3>\n<div>Greek banks have been in crisis for a long time, losing twice ~100% of their stock value,<\/div>\n<ul>\n<li>once in February 2012 (due to the PSI)<\/li>\n<li>and then in November 2015 due to the BRAVADO recession<\/li>\n<\/ul>\n<div><\/div>\n<div>The Greek political irony: Center-right governments nationalized the banks with borrowed (mainly) European funds, and subsequently a leftist government privatized them<\/div>\n<ul>\n<li>Now banks are pressed to quickly shed their NPEs under two major constraints:\n<ul>\n<li>1)Regulatory constraint: Capital reduction due to NPE reduction may hit the regulatory CET1 lower bound<\/li>\n<li>2)Private Investor constraint: Profitability reduction due to higher provisioning may become negative and trigger DTC<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<div><\/div>\n<div>DTC is the little-advertised success story of the Fall 2014 government<\/div>\n<ul>\n<li>Risks are contained yet profitability under pressure\u00a0 due to stricter regulation, technology and competition<\/li>\n<li>\n<div>Greek banks like their European counterparts face a profitability challenge and stiff competition from Big Tech<\/div>\n<\/li>\n<\/ul>\n<p><a href=\"http:\/\/hardouvelis.gr\/wp-content\/uploads\/2019\/12\/GH_Get-Involved_Banks_Dec-13-2019_final.pdf\">Download Presentation<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>\u0395\u03b3\u03b3\u03c1\u03b1\u03c6\u03ae \u03b4\u03b9\u03b1\u03b8\u03ad\u03c3\u03b9\u03bc\u03b7 \u03c3\u03c4\u03b1 English. For the sake of viewer convenience, the content is shown below in the alternative language. You<\/p>\n","protected":false},"author":1,"featured_media":4566,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[3249,3250],"yst_prominent_words":[342,2679,926,2678,2676,190,1504,345,412,2585,292,2675,1741],"class_list":["post-3008","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speeches-presentations","tag-economic-analysis","tag-oikonomikes-analyseis"],"acf":[],"_links":{"self":[{"href":"https:\/\/hardouvelis.gr\/el\/wp-json\/wp\/v2\/posts\/3008","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hardouvelis.gr\/el\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hardouvelis.gr\/el\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hardouvelis.gr\/el\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hardouvelis.gr\/el\/wp-json\/wp\/v2\/comments?post=3008"}],"version-history":[{"count":1,"href":"https:\/\/hardouvelis.gr\/el\/wp-json\/wp\/v2\/posts\/3008\/revisions"}],"predecessor-version":[{"id":3010,"href":"https:\/\/hardouvelis.gr\/el\/wp-json\/wp\/v2\/posts\/3008\/revisions\/3010"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hardouvelis.gr\/el\/wp-json\/wp\/v2\/media\/4566"}],"wp:attachment":[{"href":"https:\/\/hardouvelis.gr\/el\/wp-json\/wp\/v2\/media?parent=3008"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hardouvelis.gr\/el\/wp-json\/wp\/v2\/categories?post=3008"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hardouvelis.gr\/el\/wp-json\/wp\/v2\/tags?post=3008"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/hardouvelis.gr\/el\/wp-json\/wp\/v2\/yst_prominent_words?post=3008"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}