Stournaras: Eurogroup Deal on May 24 Could See Lifting of Capital Controls

Bank of Greece Governor Yiannis Stournaras said that capital controls will be lifted if a deal is made at the Eurogroup on May 24....

EC Suggests Looser Approach to Capital Controls on New Money

European Commission officials are recommending a change in Greek banking policy to reduce the impact that the imposition of capital controls has had, sources...

European Central Bank Lowers ELA for Greece Ahead of Eurogroup

The European Central Bank (ECB) has lowered the borrowing ceiling to Greek banks by 300 million euros on Thursday. The Emergency Liquidity Assistance mechanism (ELA) was...

Activist Group Anonymous Hack Bank of Greece

The activist group Anonymous shut down the website of the Bank of Greece on Tuesday, after launching a distributed denial of service (DDOS) attack on the institution, according to a Reuters...

Greek Bank Deposits Down in March

Greek bank deposits fell again in March, with deposits by companies and households falling to 121.5 billion euros at the end of March, from...

Greek Bank Deposits Drop Second Month in a Row

Greek bank deposits dropped in February for the second month in a row after a 2.05 percent increase in December, according to a Bank...

Athens Stock Exchange Takes 5% Plunge

The Athens Stock Exchange took a 5 percent plunge on Wednesday closing at 531 points, generating turmoil among foreign investors. The dip in bank shares...

Sale of Finansbank will have Significant Benefits for National Bank, Chairman Says

National Bank will be the strongest bank in the Greek banking market, based on its capital and liquidity, with the aim to play a...

National Bank of Greece to Hold Emergency Meeting on Monday to Approve Sale of...

The National Bank of Greece (NGB) will hold an emergency general meeting on Monday to approve the sale of its Turkish subsidiary Finansbank, the bank announced. "After...

A Priest on the List of Those with Unreported Swiss Bank Accounts

The rich in Greece come in all forms and shapes as wealthy people can be found even among the least expected professions, thanks to...

‘Lagarde List’ Scandal Takes a New Twist

Years after the tax fraud scandal with the Swiss bank accounts known as the "Lagarde list" ignited public indignation in poverty-stricken and financially bankrupt...

Greek Prosecutor Gets 500,000 Bank Account Details from Lagarde List

A file with about 500,000 bank account records of all those persons, included in the so-called "Lagarde list" was delivered on Tuesday evening by...