The theme of this year’s conference emphasizes on attaining sustainable excellence through customers, employees and technology. Drawing from the theme, my talk today would focus on bank finance to vulnerable sections of the population, which have, hitherto, been largely neglected and hence, require special emphasis in order to attain the goal of sustainable banking excellence.
Compared to March 2016, the stock of non-performing loans was reduced by more than 50%, mostly through securitizations with the use of the Hellenic Asset Protection Scheme. Banks managed to eliminate their reliance on the Emergency Liquidity Assistance and regained access to the wholesale markets, issuing senior unsecured notes and capital instruments.