Under pressure from the EU, the Greek banking sector is striving to consolidate and reinforce itself after the damage inflicted by five years of recession and two rounds of sovereign debt restructuring in 2012. In most cases, balance sheets will have shrunk significantly during 2012, as bad loans and holdings of government bonds are written down. However, the year-end 2011 asset figures give an idea of the market share that newly combined banking groups will hold.
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