Greece

Valdis Dombrovskis, Vice President of the European Commission, warned on Sunday of "potential instability" in Greece's recovery due to its increasing amount of non-performing loans (NPLs). In an interview with the Athens News Agency, the EU official explained that the mountain...

Luca Katseli, chief of the National Bank, addressed the annual Clinton Global Initiative Congress in New York, and spoke about Greece's position after the completion of Greek bank recapitalization this year. "The Greek banking sector will be in a position to...

A new report from the International Monetary Fund (IMF) released on Wednesday estimated that the Greek economy will grow by 3.3% this year.

The European Stability Mechanism (ESM) published its annual report for the year 2018 on Thursday. The European Institution praised Greece for its recent efforts strengthen the country financially, noting that 2018 was a landmark year for the country, mostly due...

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...

Greek Prime Minister Alexis Tsipras paid an official visit to to Bucharest, Romania, on Friday, a full eleven years after former Greek PM Costas Karamanlis' visit in 2008. Tsipras stated that the eleven years since the last visit by a...

More than 8 out of 10 real estate transactions in Greece are now carried out using cash, with no bank involvement whatsoever, according to a survey published recently by the Association of Certified Brokers of Greece (BPOR). The survey reflects the...

Greece's Piraeus Bank and twenty-five other leading global lenders from five continents are re-defining financial institutions’ purpose and business model to align the sector with the UN Sustainable Development Goals (SDGs) and the Paris Climate Agreement, the lender announced...

The Greek economy is recovering, the stability programme is ending in August and a gradual loosening and lifting of capital controls is expected, Daniele Nouy, the chair of the Supervisory Board of the European Central Bank, said on Thursday. Addressing...

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 Finance minister Euclid Tsakalotos tackles the eurozone's banking and financial challenges in an article he contributed to the Financial Times newspaper. The Fin Min claims that debate in recent months over the extent to which a fully operational banking...

Former Greek finance minister Yanis Varoufakis, and a German parliamentarian, are suing the European Central Bank, so as to gain access to a document underpinning the ECB's decision to freeze vital funding to Greek banks in 2015. That move left...

The 1st Greek Investment Forum, to be held in the Chinese city of Xi’an - capital of the Shaanxi prefecture - on December 11, 2017, aims to attract Chinese capital for medium-sized investments in Greece. The business meetings to be...

Piraeus Bank, Greece's biggest lender, has signed a new investment deal for small and medium sized companies with the European Investment Bank (EIB), the European Investment Fund (EIF) and the European Bank for Reconstruction and Development (EBRD), worth 700...

Greek private sector bank deposits increased overall in May, mainly due to higher business deposits, while household deposits dropped, according to Bank of Greece data released on Wednesday. Business and household deposits rose to 119.42 billion euros, compared to 118.99...