The Greek banking landscape has changed dramatically in less than two years with some 12 non-core banks having been resolved or acquired by bigger, so-called systemic credit institutions. Post-recapitalization, the local banking sector is dominated by four core banks, namely Piraeus, Alpha, National and Eurobank, which account for more than 90 percent of total deposits and loans in the country. Attica Bank, a small, non-core credit institution, was the only one that managed to raise the necessary capital from other sources to retain its independence.