EXIN Buys 75% of Ethniki Insurance in 718 Million Euro Deal

The acquisition of 75% of the Ethniki Insurance, a subsidiary of the National Bank of Greece (NBG), was announced by the Dutch EXIN, which...

Greek Banks Have Adequate Capital to Fund Real Economy

Greek banks have adequate capital to fund the real economy, both business activity and the retail commerce sector, focusing on commercial credit, bank officials...

Report Says Greece Will Return to Markets When Borrowing Costs Fall Below 5%

  Greece will return to markets when its borrowing costs fall below 5 percent, a recent Reuters report says. This may happen if Greek bonds...

Greek Banks Make Some Progress in Tackling Bad Loans

Greek banks made progress in tackling bad loans in the first quarter, according to Bank of Greece data released on Tuesday. However, nonperforming corporate, housing...

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...

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