IFC Examines its Return to Greece, Vice President Says

International Finance Corporation (IFC), a member of World Bank Group, examines its investment return to Greece, Dimitris Tsitsiragos, Vice President of IFC, said on...

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...

Attica Bank Under Investigation for Scandalous Loans

The Bank of Greece is about to place Attica Bank under supervision after the exposure of numerous suspicious loans and losses, involving a tenderer...

Bank Officials Say Depositors Still Wary Due to Capital Controls

Greeks are still not convinced that they can trust banks with their earnings, according to a recent report from the Bank of Greece (BoG). Not...

SDOE Pushed On Lagarde List Report

Tired of foot-dragging by Greece's Financial Crimes Squad (SDOE) in delivering a report on a list of Greeks with secret Swiss bank accounts, members...

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...

Attica Bank Sells Non Performing Loans Portfolio

Non-systemic Greek lender Attica Bank has announced the sale of a non-performing loan (NPL) portfolio, a development that was approved by the Bank of...

Greeks Owning Credit Cards are 60% Less than Before Economic Crisis

The poor creditworthiness of most Greek citizens puts on hold the finance ministry's plans to give incentives for the use of credit cards as...

Sarris Wanted Confiscation Tax On All Deposits

Instead of a tax of up to 80 percent on big banks accounts, Cyprus Finance Minister Michalis Sarris said that a confiscation tax should...

ECB to Raise Emergency Funding for Greek Banks

The European Central Bank (ECB) greenlit funding for Greek banks amounting to 68.8 billion euros via the Emergency Liquidity Assistance (ELA) support mechanism. ECB's 25-member...

Bank Manager Accused of Exploiting ‘Grexit’ Fear

Greek Police arrested a 49-year-old manager of a local lender's branch in western Attica last Friday, accused of stealing his clients' funds and developing a...

Special Secretariat for Private Debt Management to Set up Online Platform to Track Down...

Banks and authorities in Greece are teaming up to try to create an asset register for debtors, including tracking money that was sent abroad...

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