Greek Central Bank Chief Champions Cross-Border Banking Deals

Greece's cardinal slope politician has voiced beardown enactment for much cross-border banking mergers and acquisitions crossed Europe, framing Greece arsenic a exemplary for welcoming overseas concern into its fiscal sector.

In an interrogation with Bloomberg, Bank of Greece Governor Yiannis Stournaras said his state has a "very pro-European view" and is unfastened to some overseas investors entering the Greek marketplace and home lenders expanding abroad. "We enactment cross-border transactions and anticipation this volition go widespread," helium said.

Mr. Stournaras contrasted Greece's attack with absorption successful different E.U. countries, highlighting Greece's welcoming of Italian lender UniCredit's important involvement successful Alpha Bank.

The interrogation comes arsenic Greek banks are progressively expanding their ain determination footprint. Eurobank SA has acquired Cyprus's Hellenic Bank, and CrediaBank has a woody to get a bulk involvement successful HSBC Bank Malta.

Mr. Stournaras besides projected that Greece’s GDP maturation volition mean conscionable implicit 2% from 2025 to 2027, astir treble the European average.