Greek banks are robust, says NBG board chairman

The board chairman of the National Bank of Greece and the Hellenic Bank Association, Gkikas Hardouvelis, stated on Monday the capital adequacy ratios of Greek banks are strong and very close to the corresponding European average, while the liquidity ratios far exceed the minimum requirements and the European average.

Bank profitability can be maintained at high levels due to increased bank operations in an economy that keeps growing, he said.