BoG Governor Stournaras: Greek Banking System Has Turned Page

Bank of Greece (BoG) governor Yannis Stournaras said that "today the Greek banks are based on more solid foundations in comparison with the recent years because they have substantially strengthen their capital position, as this is shown in ECB's evaluation, in order to contribute to the restructuring of the Greek economy" in a statement to Efimerida ton Syntakton newspaper.

Stournaras also noted that the "Greek banking system has turned page. A few days before the assumption of the supervision of the four systemic banks by ECB's Supervisory Mechanism on November 4, the four larger Greek banks faced the important challenge of the stress tests organised by ECB. This allows them now to focus their efforts on the support of the real economy with the financing of enterprises and households and to face the problem of the non-performing loans".