All core banks have now concluded corporate decision-making processes to increase their capital by the amounts required by the Bank of Greece. Shortly, we will end up with four well-capitalized core banks and a few non-core banks. As a result, the banking system is becoming more compact and efficient, eliminating excess capacity and exploiting synergies and economies of scale.
It is becoming stronger and is well-capitalized. Other developments The recent progress that Greece has made in restructuring its economy reflects, in large measure, the determination of the government to take ownership of the adjustment programme. The government has made it clear that Greece’s future lies within the euro zone.