Athens Stock Exchange to Reopen Early Next Week

The Athens Stock Exchange (ASE) is expected to reopen early next week, Capital Market Commission president Konstantinos Botopoulos said in a television interview. Botopoulos said the...

Ease of Capital Controls Could Bring €2-3 Bln Cash Inflow to Greek Banks

The proposed plan to ease capital controls could bring an immediate 2-3 billion euros cash inflow to Greek banks if implemented, bank officials estimate. Creditors...

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...

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...

Greece’s Alpha Bank Freezes e-Transfers until Monday

Alpha Web Banking will operate with limited functionality during the weekend 27 – 28 June 2015. This is the announcement of the Greek bank,...

Panels Asks Charges For Papaconstantinou

A Greek Parliamentary committee investigating the handling of a list of 2,062 Greeks with $1.95 billion in secret Swiss bank accounts that has never...

More Greek Businesses Deposit Their Money in Bulgarian and Romanian Banks

Bank deposits of Greeks in Bulgaria and Romania increased by 10% and 8% respectively while in Greece deposits dropped by 23% in 2015, the...

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...

Troika Wants 18,000 Dismissals in Banks

The administrations of major Greek banks are prompted by the heads of the Troika to proceed to a dramatic shrinkage of the staff serving...

Banks Want a Perky Stock Exchange

Intense skepticism prevails in the government’s economic team. The developments in the banking sector are not expected to be favorable and the Finance Ministry...

Greek Banks Face Two More Years of Recession

Even as the Greek government touts a coming primary surplus and predicts the beginning of a recovery next year, The Governor of the Bank...

Chrysostomos Says Cypriot Church Will Help

With Cyprus imposing austerity measures on the order of international lenders and beginning what promises to be a long recession, the leader of Cyprus'...

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