BUILDING THEIR STRATEGIES on prospects of a fast-growing economy, Greek banks are trying to take advantage of top-line growth to rationalize their cost structure. At the same time, expansion in southeastern Europe has taken priority over consolidation at home. Greek banks are walking a fine line. The realize the local market is too small to satisfy their growth ambitions, but are wary of the costs and risks of expansion.
Although each bank has its own vision, it seems as if most agree that an M&A deal, when it comes, should be judged by whether it enhances competitiveness as well as simply increasing size.
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