Liikanen: Greek banks have a counterparty status with the Eurosystem. In January, we communicated that the collateral waiver based on which the Greek government bonds qualify as eligible collateral to Eurosystem refinancing assumes a successful conclusion of a programme review. This could no longer be assumed. So this was a very logical decision, as we have to follow our rules.
The move to this new location will also make way for the renovation of the old premises which I have been told will be re-opened as a multi-function business centre, offering among other things, BSP First, the bank’s priority banking platform. This is expected to extend BSP’s exposure to the corporate community in Lautoka, with a reliance on brand and retail presence.