According to unofficial data, Alpha Bank’s total of loans improved 15.7% year-on-year, Bank of Cyprus increased its loans by 12.4% YoY, while Marfin Popular Bank lifted its total loans by 11.9% YoY by May 2008. The Coops also managed to hold their ground and increased loans by 4.4% YoY, despite stiff competition from the commercial banks.
The top gainers in the deposit segment were Piraeus Bank up 88% YoY, Marfin
Popular Bank up 7.3% YoY and Hellenic Bank up 8.5% YoY.
Financial Mirror, 09/07/2008