ECONOMY

London event records optimism on course of Greek banks

london-event-records-optimism-on-course-of-greek-banks

Officials from Greek lenders who attended a conference in London organized by Morgan Stanley on European banks found themselves fielding questions from foreign funds about the course of the Greek bailout review, the political climate, the quality of loan portfolios, the tackling of bad loans and the chances of banks returning to profit.

The leading officials from all four systemic banks – Alpha, National, Piraeus and Eurobank) – participated and several reported an improved atmosphere in their contacts, thanks to optimism that the review will reach a satisfactory conclusion and the general sentiment that has led to a global rise in stock prices.