BoG: Deposits Down by Over 2.4 Billion Euros in 2017; April Sees Credit Expansion

  The latest reports from the Bank of Greece (BoG) show that deposits have declined by more than 2.4 billion euros in the first four months...

ECB Lowers Emergency Funding Cap for Greek Banks to €45.3 Billion

On Thursday the Bank of Greece (BoG) announced that the European Central Bank (ECB) has lowered the emergency funding cap for Greek banks to...

Greek Banks Writing-off More NPLs Due to Increase in Bad Loans in 2017

Bank sources have said that non-performing loans (NPLs) have grown as much as 2 billion euros since the beginning of 2017, ekathimerini.com reported. This growth...

BoG: State Generating More Debt Than it Is Repaying

The Bank of Greece (BoG) recently released data showing that the amount of state debt that Greece generates is mounting to figures that it...

Ten Former Attica Bank Officials, Employees, Charged With Breach of Duty Over Loans

Ten former bank officials and employees of Attica Bank have been charged with breach of trust against a banking institution by a corruption prosecutor...

Greek Banking System Credit Contracts 1.4% y/y in January

Total credit in Greece's banking system contracted 1.4 percent year-on-year in January after shrinking by 1.0 percent in the previous month, Bank of Greece...

2017’s Low Deposit Rate Has Brought a ‘Credit Negative’ Event to Greek Banks, Moody’s...

Since the beginning of 2017, Greek bank deposits have been down, causing the international rating agency, Moody's, to call the first couple months of...

2016 Set New Record High for NPLs Written-off By Banks

As the financial crisis continues to grip Greece, many borrowers of funds who have non-performing loans (NPLs) are opting to not restructure their debt...

Greek Banks Sound Alarm Bells, Warn of Return to Uncertainty

After meeting with the heads of Greece's creditor institutions, representatives of the Greek Banks Association sounded the alarm bells, warning that the Greek economy...

Attica Bank Accuses Greek Government ‘Protege’ of Blackmailing Tactics

Attica Bank management has accused the Kalogritsas family of using blackmailing tactics in order to get more loans without collateral, according to a SKAI...

Hellenic Bank Association Says Banking System Stabilized in 2016

The Greek banking sector stabilized in 2016 showing clear signs of improvement, the Hellenic Bank Association (HBA) said in a press release on Tuesday...

BoG: Deposits in Greek Banks Fell €1.5 Billion in January

Greek banks' deposits by individuals and enterprises fell 1.5 billion euros in January to 119.7 billion euros, from 121.4 billion in December 2016, the...

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