ELA Borrowing Ceiling for Greek Banks Remains Unchanged

European Central Bank's governing council on Thursday approved a request by the Bank of Greece to maintain the ELA borrowing ceiling for Greek banks...

BoG Governor Urges Greece and Creditors to Compromise Before It’s too Late

Governor of the Bank of Greece, Yannis Stournaras, said on Monday, that time is running out for bailout review talks and stressed that Athens...

Stournaras: IMF’s Fiscal Forecasts Raise Many Questions

Bank of Greece governor Yiannis Stournaras said in a letter responding to the IMF’s report published on Monday -- which proposed among other measures,...

Independent Authority for Public Revenue Seizes €124 Million From Debtors’ Bank Accounts in 2016

On Monday, Deputy Finance Minister Katerina Papanatsiou presented data to Parliament disclosing that in 2016 the Independent Authority for Public Revenue confiscated a total...

Parliament Committee Concludes Discussions into Bank Loans to Political Parties and Media

A Parliamentary investigating committee looking into the legality of bank loans to political parties and the media officially concluded its nine-month inquiry on Monday,...

Sale of Eurobank’s Ukrainian Unit Completed

On Tuesday, Reuters reported that the sale of Greece's Eurobank unit of the Ukrainian Universal Bank to Ukraine's financial group TAS has been completed. The...

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...

EIB Allocates €1 Billion Credit Line to Greek Banks for SMEs and Youth Employment

On Thursday the European Investment Bank (EIB) dedicated a one billion euro credit line to Greek banks, Reuters reported. The money is set to be...

New Bill on ‘Plastic Money’ Allows Consumers to Build-up Tax-free Allowance

The draft bill tabled in Parliament last week will usher in a new way for tax-payers to "build up" their tax-free allowance as of...

Stournaras Warns of Penalties for Banks With Non-performing Loan Exposures

Bank of Greece's Yannis Stournaras has issued a stern warning to banks over non-performing loan (NPLs) exposures. On Monday a published interview with the Financial...

BoG Chief Stournaras Says ‘Progress Recorded in the Greek Economy Should Not Be Intercepted’

On Friday the Bank of Greece's (BoG) governor, Yiannis Stournaras, made an intervention on the government's negotiation with the country's lenders within the context...

Greek Banks’ ELA Funding Drops by €1.3 Billion in November

Data released by the Bank of Greece (BoG) on Tuesday shows that in November of 2016 the country's emergency bank funding (ELA) dropped some...

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