Banks in Greece are hoping for a turnaround, after years of gloomy headlines. First came the sovereign debt crisis, which threw the country’s financial sector into disarray. Then, after a return to confidence and lenders stabilising their positions and accessing global bond markets, uncertainty surrounding Greece’s bailout programme following general elections in January 2015 caused a second run on the country’s lenders.
Some €18bn was withdrawn in two months in 2015, after deposits across the sector had already plunged from €238bn at the end of 2009 to €151bn at the end of June 2012.
