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This article analyzes the ICT-related behavior of the five ‘system-relevant’ Greek banks in the first years 2010–2014 of the Greek economic crisis. We conclude that besides the standard immediate reaction to the crisis by reducing ICT-related expenses, the Greek banks in a later phase of the economic crisis proceeded to a substantial rationalization of their ICT processes/practices and improvement of their ICT capabilities, as well as the adaptation of their ICT plans to the crisis conditions.
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Copyright Notice: This material is presented to ensure timely dissemination of scholarly and technical work. Copyright and all rights therein are retained by authors or by other copyright holders. All persons copying this information are expected to adhere to the terms and constraints invoked by each author's copyright. In most cases, these works may not be reposted or mass reproduced without the explicit permission of the copyright holder.