Greeks Still Opting to Hide ‘Mattress Money’ Instead of Depositing in Banks

It appears that the Greek government lifting controls this summer on new money entering bank accounts has done very little to actually impact the...

Greek Banks Resume T-bill Interbank Transactions

Greek banks have resumed T-bill transactions in the interbank market after a long period of exclusion, a Kathimerini newspaper report says. According to the report,...

Institutions Leave Athens With Many Critical Issues Unresolved

Today Greek officials reported that talks between foreign envoys representing the institutions of the latest bailout review and Greek government concluded without the parties...

SSM Nouy: Prioritizes Settling Corporate NPLs Before Primary Residences

The focus of settling non-performing loans (NPLs) should be focused on corporate loans which have reached around 65 billion euros, not primary residences, according...

National Bank of Greece Wins Innovation Award

National Bank's i-bank pass service excelled in the fourth international competition Distribution and Marketing Innovation Awards 2016 for financial services, organized by the prestigious...

Will Creditors Approve Government’s Plan of Incentives for Making Credit Card Purchases?

According to sources, there is a plan in the making to drive Greeks to use their credit cards to make purchases. The government has...

Prominent Greek Businessman Andreas Vgenopoulos Passes Away at 63

Prominent Greek businessman Andreas Vgenopoulos, founder of Marfin Investment Group (MIG), died of cardiac arrest at 3:30 a.m. on Saturday. Vgenopoulos, who was also Chairman...

National Bank of Greece Elects New Chairman Panayiotis Thomopoulos

On Thursday the National Bank of Greece elected Panayiotis Thomopoulos as its new chairman, replacing chairwomen Louka Katseli. Thomopoulos is the former deputy governor of the...

More Greek Businesses Deposit Their Money in Bulgarian and Romanian Banks

Bank deposits of Greeks in Bulgaria and Romania increased by 10% and 8% respectively while in Greece deposits dropped by 23% in 2015, the...

Greek FinMin Says Investigation of Tax Evaders on Lagarde List Going at a Snails...

According to data recently released by Alternative Finance Minister Tryfon Alexiadis to the Greek Parliament, sifting through the long list of tax dodgers from...

BoG: Financial Crisis Causing Property Prices to Free-Fall

Property prices are in free-fall, with apartment prices down 41.4% in the 2006-2016 period, Theodoros Mitrakos, vice-governor of the Bank of Greece (BoG) said...

Increasing Number of Greeks Pay Income and Property Tax With Credit Cards

More and more Greeks have turned to credit cards to help them in paying their income and property taxes, according to the Greek newspaper...

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