NBG is now the second-largest bank by deposit market share (22% in deposits and 18% in loans) followed by Alpha (20% in deposits and 24% in loans). After the suspension of the merger between NBG and Eurobank, Eurobank has lost ground and is now Greece's fourth largest bank (12% of deposits and 16% of loans). In Fitch's view, Eurobank will be challenged to create value if it remains as an independent entity, given its relatively smaller size and franchise. The VRs of NBG and Eurobank benefit from some geographical diversification, especially NBG through its profitable Turkish operations held by its majority-owned Finansbank A.S. (rated BBB/Stable). The latter provides NBG good internal capital generation prospects. This together with its better than peers credit risk profile, as reflects its better asset quality indicators and comparatively lower credit loss projections under the Black Rock exercise (particularly its Greek loan book) partially mitigates NBG's relatively weaker capital ratios. In this regard, NBG is currently proceeding with capital enhancement measures, which include liability management exercises and the sale of assets. The latter is expected to boost its EBA core capital significantly by June 2013. However, the VRs of Greek banks continue to reflect the risk of potentially higher asset quality and profitability pressures, which if not contained could ultimately renew capital concerns, as well as funding vulnerabilities.