As a “good news” for the economy and a “justification” for government choices, the Vice President of the Government described, Kostis Hatzidakisthe official announcement of the acquisition of HSBC Malta by Credia Bank.
In his statement, Mr. Hatzidakis analyzed the double positive significance of the news: For the banking systembecause this move strengthens the fifth banking pillar, increasing competition for the benefit of the market. For the Greek Stateas the rise to the bank’s share price has fully secured the public investment made for its rescue. As he characteristically stated, if the public decided to theoretically sell his participation, he would receive more money than he has invested.
The Deputy Prime Minister stressed that the bank’s successful course is a justification for the government of Kyriakos Mitsotakis, who actively supported the rescue of the then Bank of Attica. In fact, he reminded him of the opposition’s strong reactions at the time he, as a responsible minister, promoted the relevant bill.
“The results so far clearly show that we have every reason to be optimistic about the future!” Mr. Hatzidakis concluded in his statement.