Eleni Koletsa
 
SWU “Neofit Rilski”- Blagoevgrad, Department of Finance and Accounting, Bulgaria
DOI: https://doi.org/10.31410/ITEMA.2018.413

2nd International Scientific Conference on Recent Advances in Information Technology, Tourism, Economics, Management and Agriculture – ITEMA 2018 – Graz, Austria, November 8, 2018, CONFERENCE PROCEEDINGS published by the Association of Economists and Managers of the Balkans, Belgrade, Serbia; ISBN 978-86-80194-13-4

Abstract

This paper presents the profitability of the Greek banks for the years 2010-2015 and the way they are stated as a member of the Euro system.  First of all, we examined the liquidity of Greek Banks and how they used the Euro system funding. Taking into consideration the bank assets and liabilities we examined how the Greek banking groups presented profits for the year 2016, after a series of loss-making years. The results of this paper may help us to understand better the factors that lead to a restoration of profitability, the stabilization of an economy and the re-establishment of confidence in the banking system.

Key words

Profitability, Greek Banks, efficiency, Euro system


References
Angelopoulos, P. (2008) “Banks and monetary system” second edition, Stamoulis publications, Athens
Bryant, R. C., Garganas, N. C. and Tavlas, G. S. (2001), “Greece’s Economic Performance and Prospects”, Bank of Greece and the Brookings Institution, pp. 43-95
Glykas M., Xirogiannis G., Staikouras C., (2006), “Organization and administration of financial institutions”, Papazissis publications, Athens.
Eichengreen, B. and Gibson, H. D. (2001), “Greek Banking at the Dawn of the New Millennium”, CEPR Discussion Paper, No. 2791
Heffernan Shelagh (2006),”Modern banking in Theory and Practice”, The Wiley Finance series.
Karatzas Committee (1987), “Report of the Commission for the Restructuring and the Modernization of the Greek Banking System” (headed by Th. Karatzas), Hellenic Bank Association, Athens (in Greek).
Noulas, A. (1999), “Profitability and efficiency of the Greek banks (1993-1998), Bulletin Union Greek Banks, Iss. № 4, pp. 53-66.
Serletis, Mishkin (2010),”The economics of money banking and financial Markets” 4th Canadian edition, Pearson Education, Inc.

koletsa_the_state_of_greek_banks_within_eurosystem_pp_413-421

Association of Economists and Managers of the Balkans – UdEkoM Balkan
179 Ustanicka St, 11000 Belgrade, Republic of Serbia