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...

Bank Deposits Increase to €127 Billion in 2016

In December and November banks are expected to see some 2 billion euros in deposits, according to credit sector officials. This news comes in...

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...

ECB Raises Greek Banks’ ELA by €900 Million

The European Central Bank (ECB) Governing Council decided to raise the Emergency Liquidity Assistance (ELA) to Greek banks by 900 million euros. ECB President Mario Draghi discussed...

Greek App Shows Which ATMs Have Cash During Capital Controls

A new mobile app was released on Thursday, informing Greeks which ATMs are convenient to them, if they have available cash at the moment and...

Provopoulos Says Greek Deposits Safe

With media speculation that the apparently abandoned proposed merger of National Bank of Greece and Eurobank could lead to the government going after bank...

Greek Stocks Plummet Over 10% on Monday

Greek stocks nosedived 10.54% on Monday, with investors spooked by the losses in global markets, the slowdown in China and growing uncertainty over Greece's...

2 Greek Banks to Accept Deposits as of Thursday

As of Thursday, Greeks will be able to make deposits and payments in 289 branches of the National Bank of Greece (NBG) and 174...

European Commission Clears Restructuring Plans of NBG & Piraeus Bank

The European Commission announced on Wednesday that it has found the restructuring plans of the National Bank of Greece (NBG) and Piraeus Bank -...

Central Banker Stournaras Blames Crisis on Greek Budget Policy and Implicates Varoufakis

Bank of Greece Governor Yannis Stournaras said on Tuesday that Greece must wait for a second review of economic progress before tapping into financial...

Eurobank Acquires Postbank Too

The troubled private bank Eurobank is expected to take over the more troubled state financial institution Hellenic Postbank, the country's banking stabilization agency HFSF...

BoG Governor: Greek Banking System has Turned Page

In a statement to "Efimerida ton Syntakton" newspaper, Bank of Greece (BoG) Governor Yannis Stournaras said that "today, the Greek banks are based on more solid...

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