Attica Bank Under Investigation for Scandalous Loans

The Bank of Greece is about to place Attica Bank under supervision after the exposure of numerous suspicious loans and losses, involving a tenderer...

Capital Controls Likely to Stay Indefinitely, Says Greek Bank Official

Capital controls in Greece are unlikely to be lifted in the foreseeable future, says a Vima newspaper report, citing a high bank official who...

Theodoros Pantalakis New CEO of Attica Bank in Greece

With the consent of Bank of Greece and major shareholder TSMEDE, Theodoros Pantalakis will be the new executive director of Attica Bank, a problematic...

Moody’s: Reduction of NPLs ‘Credit Positive’ for Greek Banks

On Monday Moody's said that a reduction of non-performing loans and of operating spending by Greek banks was a "credit positive" move for banks. In...

Non-Performing Loans at Greek Banks Receive Boost by Lenders

According to sources, four systemic banks in Greece recorded new non-performing loans (NPLs) provisions in Q2, showing a significant increase from Q1. The four banks...

Government Reliance on Repos Causing Negative Impact on Liquidity of Banking System

According to figures from the Public Debt Management Agency (PDMA), the government of Greece has been relying on repurchase agreements, or repos, in order...

Bank Officials Say Depositors Still Wary Due to Capital Controls

Greeks are still not convinced that they can trust banks with their earnings, according to a recent report from the Bank of Greece (BoG). Not...

Greek Government Arrears Repayment of 1.1 Billion Euros in July

According to figures released by the Bank of Greece (BoG) and the General Accounting Office on Thursday, the Greek government has deposited 1.1 billion...

Greeks Owning Credit Cards are 60% Less than Before Economic Crisis

The poor creditworthiness of most Greek citizens puts on hold the finance ministry's plans to give incentives for the use of credit cards as...

Four Firms Apply for Red Loan Management License in Greece

Four companies have submitted applications to the Bank of Greece to obtain a license to manage nonperforming loans (NPLs) of households and small businesses,...

Greek Police Crack Down Credit Card Scam

Hellenic Police have arrested 24 people over a scam involving wireless credit card terminals registered abroad, used to dodge capital controls and transfer money...

WSJ: “PCP Capital to Buy Up Greece’s Non-Performing Bank Loans”

In accordance to its last bailout package, Greece has had to put laws in place that make it easier to restructure or reclaim assets...

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