In their lending decisions, executives used a hybrid approach that combines hard-nosed cultural analysis with microlending techniques.
Paulson said investment banks borrowing from the Fed should give regulators enough information to allow sound lending decisions.
They felt that banks got into trouble because the penalties for bad lending decisions had not been severe enough.
The bank said the poor results were due to the global crisis and it regretted some of the lending decisions made.
It could also develop a professional and uniform approach to valuing and disposing of bad assets while leaving new lending decisions to the good banks.
James Wolfensohn, the World Bank president, calls corruption a cancer, says it will be a factor in lending decisions and has made combating it a priority.
NCB's largest shareholder influencing lending decisions is also alarming.
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And, because many of the investment-trust companies are bound by cross-shareholdings to the chaebol, their lending and investment decisions are suspect.
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The IBAT tool helps enable commercial banks and other financial services institutions assess risks and make more informed lending and investment decisions.
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That only reinforces the banks' unhealthy ties to the government and hampers their ability to make independent commercial decisions on lending.
The coming weeks, leading to the second Greek election, will see the interplay of opinion polls, depositor behaviour and the European Central Bank's bi-weekly decisions on the Bank of Greece's lending capacity.
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