NBG OK’s Bank Recapitalization Plan

The National Bank of Greece (NBG) has approved has approved a recapitalization plan worth 9.76 billion euros ($12.8 billion), insisting it will raise enough...

ESM Approves Transfer of €555 Mln from HFSF to Greek State

The European Stability Mechanism (ESM) approved on Tuesday the transfer of 555 million euros from the Hellenic Financial Stability Fund (HFSF) to the Greek...

Piraeus Bank Online Property Auction Raises More than €6 Million

The second open e-auction held by Piraeus Bank was successfully completed on Wednesday 25 October 2017, with 57 properties sold in total. The auction...

Greece Has €5.26 Billion Euros of Gold Reserves, Half of Which is Abroad

Greece reported having some 149.1 tonnes of gold reserves at the end of 2016 amounting in the value of 5.26 billion euros, according to...

Eurogroup Chief: We Saved the Greek Banks but Overlooked Taxpayers

Outgoing Eurogroup chief Jeroen Dijsselbloem acknowledged on Thursday that Greece’s creditors put too much emphasis on saving the banks at the expense of ordinary...

Stournaras and Tsipras Argue over Banking Scandals

The Greek Minister of Finance, Yiannis Stournaras and the leader of the main opposition SYRIZA, Alexis Tsipras, had an intense argument in Parliament on Friday morning, after the opposition leader posed...

Bundesbank Says Greece Needs New Bailout

According to the confidential report of Bundesbank, cited by the German magazine Spiegel, Greece will need another rescue package in 2014. In an internal document...

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...

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...

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...

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...

New List Reveals More Than 10,000 Greek Accounts in Swiss Bank

The Greek government has gotten its hands on a new and even bigger list of Greek taxpayers' bank accounts in Switzerland, thanks to the...

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