Emerging Opportunities in Greece's Cards and Payments Industry: Market Size, Trends and Drivers, Strategies, Products and Competitive Landscape
M2 - Tue Feb 19, 2:31AM CST
Research and Markets (http://www.researchandmarkets.com/research/5kdccp/emerging) has announced the addition of the "Emerging Opportunities in Greece's Cards and Payments Industry: Market Size, Trends and Drivers, Strategies, Products and Competitive Landscape" report to their offering. Greece's banking system is currently characterized by deep and prolonged economic contraction, elevated credit risk, and fragile depositor confidence. In May 2012, the Hellenic Financial Stability Fund (HFSF), a private legal entity in Greece, disbursed EUR18 billion (US$23 billion) to Greece's four biggest banks, National Bank of Greece SA, EFG Eurobank Ergasias SA, Alpha Bank SA and Piraeus Bank SA, as part of a recapitalization plan. This capital injection is expected to restore the capital adequacy level of these banks and its access to the provision of liquidity funding from the European Central Bank and the European Union (EU). Greece is the main country to be adversely affected by the ongoing Eurozone sovereign debt