The president of the Hellenic Bank Association and Chair (non-executive) of the Board at the National Bank Louka Katseli estimated that the capital controls in Greece will lifted within the first half of 2016, in a Monday morning interview on Mega Channel.
Mrs. Katseli noted that “there are one or two steps that remain”, such as switching over to financing from the European Central Bank with lower interest rates. This will then allow for a gradual lift of the restrictions currently in place.
Regarding the recent bank recapitalization, Mrs. Katseli noted that the National Bank is coming out stronger, particularly after the recent sale of its Turkish subsidiary Finansbank.
