Positive momentum returns to Greece’s recalibrated banks

Greece’s four major banks have returned to the international capital market en masse over the last year, completing a series of highly successful equity and debt issues regarded by many market participants as a barometer of Greece’s economic recovery. More immediately, these issues have addressed the issue of capital shortfalls in the Greek banking sector, which should give the leading banks scope to support the longer term rehabilitation of the economy by providing credit to the corporate sector. Nobody is under any illusion, however, about the challenges still facing the Greek banks. To discuss the opportunities that lie ahead as the economic recovery gathers momentum, and the challenges arising from weak asset quality and an uncertain outlook for a return to profitability, the four industry leaders gathered at the GlobalCapital Greek banks roundtable.