Credit Suisse, which has sold off assets in the wake of the financial crisis, is facing criticism from politicians for its handling of the bank’s exposure to Greece’s sovereign debt crisis.
In March, the bank sold assets worth €3.8bn in a bid to avoid being wiped out by the sovereign debt sale.
The decision triggered a fresh wave of criticism, which the bank is defending by arguing that the move was necessary to help the country.
The bank has defended its decision to sell some assets, including its headquarters in Zurich, saying the bank was only able to do so in a limited capacity due to the high value of the Greek debt.
The bank, however, argues that its decision is not about saving the bank, but about protecting the Greek economy.
“We will continue to operate our operations in Greece, in order to support the Greek recovery,” the bank said in a statement.
“Our strategy remains that we remain in Greece and do our best to support this Greek recovery.”
The bank is now in talks with the government to avoid a repeat of the crisis in Greece.
A government spokesman did not immediately respond to a request for comment.