The growth outlook of the Greek banking sector remains favourable, first as profits continue to increase, and second the Greek economy is underbanked by any measure used. This underlines the still great potential for further growth.
In August 2004, soon after the new framework was released by the BCBS, the banks were advised to conduct a selfassessment of their risk management systems and to initiate remedial measures, as needed, keeping in view the requirements of the Basel II framework.