In recent years, the financial services sector has been one of the main growth drivers of the Greek economy, with most leading Greek financial institutions expanding their activities into “New Europe”.
The credit crunch, which led to a global recession, impacted most heavily on this sector internationally. However, due to their limited exposure to toxic investment banking products, Greek financial institutions were mainly affected by the negative consequences of the recession and in some cases faced liquidity issues.
The past year has not left them unaffected since there has been a shift in the market towards less risky products and growth combined with optimisation efforts in the use of resources and systems. Client needs are thus expected to include review of corporate strategy and proposals for operational improvements.
Kantor has an excellent track record in the following fields: