|
|
|
Athens Macedonian News Agency: News in English, 14-04-30
CONTENTS
[01] Grecovery underway, Provopoulos says at London forum
[01] Grecovery underway, Provopoulos says at London forum
ANA-MPA -- Confidence in Greece's prospects is returning, Bank of Greece
Governor George Provopoulos told institutional investors in London on
Wednesday, in the framework of a "Bank Speaker Series" Forum organised
by Goldman Sachs.
Referring to Greek banks, the central banker stressed they are among the
best capitalised banks in Europe and added that a very large degree of
consolidation has been achieved. The number of banks has been reduced
drastically, their costs cut significantly in the last four years and
as a result we have a more compact, efficient and competitive banking
system, he noted.
Provopoulos, whose term at the helm of the Bank of Greece ends in June,
referred also to the significant progress made by the Greek economy
towards fiscal adjustment, regaining its competitiveness, dealing with
a current account deficit and promoting reforms. The central banker
said that "a return to growth - Grecovery - was underway".
Top executives from international investment firms and institutional
portfolios, such as JP Morgan, Fidelity, Citadel, Aviva, Eton Park,
etc, attended the presentation.
|
