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Archivio per il Tag »David Enrich«

→  marzo 29, 2013


By David Enrich and Charles Forelle

In August 2010, Greece’s economy was tumbling into depression amid angry street protests and a €110 billion bailout. Dimitris Spanodimos, the chief risk officer of Cyprus’s second-largest bank, remained bullish.

Mr. Spanodimos boasted on an Aug. 31, 2010, conference call with analysts that the bank was expanding faster than rivals in Greece and bulking up on residential mortgages. “We have used our group’s comfortable liquidity and capital position to deepen selectively some highly profitable and highly promising client relationships,” he said.

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