30 November 2010.
Liquidity and capital adequacy ratios improve, despite the adverse conditions
“The efforts to rehabilitate the Greek economy are taking place against the backdrop of strong external
headwinds. The targets that have been set are achievable, provided we remain committed to the strict
implementation of fiscal consolidation and structural reforms, accelerating the pace and intensity of our efforts.
At the same time, it is imperative to undertake additional initiatives that will lay the foundations for future
economic growth and for exiting the crisis.
In spite of the challenging external conditions prevailing this past quarter, our Group managed to improve its
capital adequacy and strengthen its liquidity position, compared to the previous quarter, increasing its deposit
base and implementing appropriate transactions in the secured interbank market. Capital and liquidity remain
our key priorities, and targeted initiatives already underway are expected to soon strengthen the relevant ratios even further.
There are also signs of an encouraging trend in the evolution of asset quality. The formation of new loans past
due experienced a noticeable improvement in this past quarter, leading to a lower provision charge for bad
At Eurobank EFG, we remain committed to the effort of supporting our clients to weather the economic crisis
and to actively contribute to the development of the economies in which we operate”.
Nicholas Nanopoulos - CEO