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The 2009 HO Annual Lecture

                               The Future of Greek Banks: A Rregional Strategy

                                                         Mr Takis Arapoglou 
                       then Chairman of the Board & CEO, National Bank of Greece

                    Arapoglou_1

event info
Date Thursday, 12 November 2009
Time 18:30 - 20:00
Venue Old Theatre, Old Building, LSE
Chair Professor Kevin Featherstone, Hellenic Observatory Director, LSE

 

Takis Arapoglou, then Chairman and CEO of the National Bank of Greece, delivered the 10th Annual Lecture of the Hellenic Observatory at the LSE on 12th November 2010. 

With the privilege of his considerable international banking experience, he delivered a ‘tour d’horizon’ of the development and prospects of Greek banks in the context of south-east Europe. 

He argued that a successful regional strategy was now an essential foundation for the country’s major banks, mainly due to their need for increased size and diversification. 

He finished by commenting on the current health of the Greek banking system and the challenges they faced in the future.

The lecture provided a very well-informed account of the most significant part of Greece’s economic relations with its neighbours and of its impact on the region.

Mr Arapoglou placed current business activity in an historical context. A century ago, Greek bankers had adopted a strategy based on the perspective of the Ottoman, Egyptian and Balkan markets as constituting a single regional market. Thus, despite the differences with today in terms of business models and products, Greek banks have shown a consistency with their regional approach ‘within a large fairly uniform region with a fairly uniform mentality’. Indeed, ‘Greece on its own, irrespective of the phase it was going through at the time, was always perceived to be one piece of a broader, more complex, and more promising economic puzzle’.

Press Coverage: To VimaImerisia

 

                                                               EVENT PHOTOS

Arapoglou_2 
From Left to Right:
LSE Pro-Director George Gaskell; Professor Kevin Featherstone;
Mr Takis Arapoglou; H.E. Ambassador Vassilis-Achilleas Pispinis
& LSE Director Sir Howard Davies

 

Arapoglou_3
Mr Arapoglou delivering his speech in a packed Old Theatre

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