Greece

The Greek government revealed on Friday that it is in discussions with three London-based banks regarding their possible relocation to Athens following the official exit of the UK from the European Union in January. Speaking to Bloomberg TV, Alex Patelis,...

Greece should complete the reforms needed to help banks reduce bad debt and deal with the impact of the COVID-19 pandemic, the European Central Bank said, according to Reuters. The coronavirus crisis has stalled the efforts of Greek banks to...

Greece hopes that travelers arriving overland will soften the blow to tourism this season as traditional markets remain closed due to coronavirus restrictions. Tourism Minister Haris Theocharis said on Saturday that "overland tourism will recover faster so the conditions must...

Greek banks are expected to cut up to 4,000 positions during the year 2019, various outlets in the Greek media reported on Monday. Most of the reductions, as has happened in the past, are not expected to come through outright...

The high level of bad loans in Greece is still the largest economic issue that the embattled nation needs to focus on, the head of Piraeus Bank told the American television network CNBC on Monday. Christos Megalou said that there...

The Hellenic Bank Association is ready to agree with the Greek government on a new plan which aims to protect the primary homes of property owners. Just as importantly, the new  plan will not create any unwanted financial side-effects,...

  The Central Bank of Greece is working on a plan to cut in half all the bad debts that burden  Greek banks, according to a news report published by Bloomberg on Tuesday. This move is expected to strengthen trust in...

Greek banks have a limited ability to withstand external or internal shocks, a Goldman Sachs report says. According to Capital.gr website, Goldman Sachs representatives were in Athens and had contacts with bank executives and policy makers in order to assess...

The bailout plan that saved the banks and Greek state, has allowed  the country to remain in “same black hole” from over a decade ago, according to Greece's former finance minister Yanis Varoufakis. Even as the bailout program comes to its conclusion, during an...

The results of a stress test round for the four Greek systemic banks -- Alpha Bank, Eurobank, National Bank and Piraeus Bank -- are "credit positive" and showed the resilience of their supervisory capital, Moody's said in its Credit...

Greece’s four biggest banks said on Saturday that no new funding plans were needed after stress test results showed they would lose around 15.5 billion euros of their capital by 2020 under an adverse economic scenario, Reuters says. The health...

"The four major Greek financial institutions do not need new capital injections," said German financial newspaper on Sunday, reporting on the stress tests the Greek banks are undergoing. "Relief in Athens: Piraeus Bank, Eurobank, National Bank (NBG) and Alpha Bank...

International pressure to make Greece's biggest banks increase their provisions against bad loans has seen the country's major institutions take up billions of euros in cover. A report by Bloomberg on Tuesday revealed that Alpha Bank, Eurobank, the National Bank...

An increase in private deposits in Greek banks in December 2017 is credit positive, Moody's said on Thursday. The credit rating agency, in a credit outlook report, said Greek banks' deposits from the private sector grew by €5.9 billion ($7.3...

Greek PM Alexis Tsipras and Minister of Foreign Affairs Nikos Kotzias, piled pressure on Defence Minister Panos Kammenos to moderate his stance on the name dispute with FYROM, at Thursdays’ ministerial meeting in Athens. Kammenos; until recently a strong opponent...