Lenders confident of being well-placed to overcome global banking sector turbulence

EconomyBanking Tags: Alpha, Banking, Eurobank, NBG, Piraeus

Following last week’s turbulence in the global banking sector after the collapse of two banks in the US and trouble at Credit Suisse, the entire banking system, led by Bank of Greece governor Yiannis Stournaras tried to ensure that there is not a shred of doubt about the resilience of the Greek banking system.

Stournaras went as far as suggesting that ‘Greece is not Switzerland’, with the country having paid a heavy price and taken on in excess of 40 billion euros in debt from European lenders to shore up its banking sector during the debt crisis, which clima...

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