EU: Greece has Almost Half of Eurozone’s Bad Loans

Non-performing bank loans (NPLs) are a constant threat to the eurozone's banking system and a new report by the European Commission shows Greek institutions...

Bank of Greece Issues Warning on Bad Loans

The banking system is still susceptible to external financial dangers, the Bank of Greece (BoG) warned in a review of the Greek financial sector...

Piraeus Bank to Quit European Aid in 2018

Piraeus Bank has significantly reduced its reliance on the European Central Bank's Emergency Liquidity Assistance (ELA), and plans to fully eliminate it in 2018,...

Greece’s Eurobank to Maintain Balkan Subsidiaries

Reuters has reported that Eurobank will maintain its Balkan footprint in Bulgaria, Serbia and Cyprus after pulling out of Romania, its deputy CEO said...

Greeks Splashed Out On Card Payments Over Holidays

Piraeus Bank has said Greeks’ use of plastic money during the Christmas and New Year holidays rose to new record highs, evidence of a...

Greek Bond Yields Hit 12-Year-Low

Greece’s 10-year borrowing costs hit their lowest in 12 years on Friday, benefiting from expectations of an exit from its bailout this year, underpinned...

HSBC: Greece’s Bailout Exit Plausible, Clean Exit Less So

Greece may be able to exit the bailout programme established by international lenders as soon as this year, banking giant HSBC has said, adding...

More Than 40 Greek Hotels to be Auctioned off in 2018

More than 40 hotels all over Greece are expected to be sold in 2018 with high and non-performing loans being the main reason for...

Private Sector Bank Deposits Up for Second Month in a Row

Greek private sector bank deposits increased slightly in November, rising for a second month in a row, Bank of Greece data showed on Friday,...
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Piraeus Bank CEO Christos Megalou: ‘Greece is Heading Towards Normality’

"The banking sector in Greece is at its best since the crisis started in 2009-2010," Christos Megalou, CEO of Piraeus Bank, said in an...

Varoufakis Suing ECB for Refusing to Help Greek Banks During Crisis

Former Greek finance minister Yanis Varoufakis, and a German parliamentarian, are suing the European Central Bank, so as to gain access to a document...

‘I Would Rather Demolish it!’ Anger in Greece as Foreclosure Auctions Gather Pace

Increasing number of indebted Greek homeowners express concern about the fate of their property, despite assurances by the Greek government that primary homes will...

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