Banks’ profits plunged 40%: Greece deputy
The profitability of Greek banks declined and credit risk in the banking sector increased over 2009, said Eleni Dendrinou-Louri, a deputy governor of the Bank of Greece.
In a speech in Athens in late January, Dendrinou-Louri also said that the capital adequacy of Greek banks had been "substantially enhanced" in the first three quarters of 2009. "This development was mainly attributed to a considerable increase in prudential own funds, while a marginal rise was recorded in risk-weighted assets,"
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