ECB Lowers Cap on Emergency Funding for Greek Banks by 2.5 Billion Euros

The European Central Bank (ECB) lowered the cap on emergency liquidity assistance (ELA) Greek banks draw from the domestic central bank by 2.5 billion...

National Bank of Greece Wins Innovation Award

National Bank's i-bank pass service excelled in the fourth international competition Distribution and Marketing Innovation Awards 2016 for financial services, organized by the prestigious...

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...

ECB Profits from Greek Bond Holdings at €7.8 Billion

The European Central Bank has made nearly €8bn in profits from its holdings of Greek government debt, according to a written response provided by...

Hackers of Greek Bank System Extend Ransom Deadline to Thursday

A group of hackers who had blackmailed the Greek banking system last week have given Greek banks three more days to meet their demands before they go through...

Government Reliance on Repos Causing Negative Impact on Liquidity of Banking System

According to figures from the Public Debt Management Agency (PDMA), the government of Greece has been relying on repurchase agreements, or repos, in order...

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...

Piraeus Bank New CEO Races to Reach Target for Reducing Bad Loans

Christos Megalou, the new chief executive officer of Piraeus Bank SA is trying to make up for lost time, says a report in Bloomberg. Megalou...

ECB Lowers Funding Cup for Greek Banks by €1.1 Billion

The European Central Bank lowered the cap on Emergency Liquidity Assistance (ELA) Greek banks draw from the domestic central bank by 1.1 billion euros...

New Democracy MP Bakoyiannis Fears Capital Controls in Greece

New Democracy MP Dora Bakoyiannis said she fears that Greece may be forced to enforce capital controls if no deal is reached by the coming three-day...

EC Suggests Looser Approach to Capital Controls on New Money

European Commission officials are recommending a change in Greek banking policy to reduce the impact that the imposition of capital controls has had, sources...

Private NPLs Exceed Greece’s GDP

There is a steep Greek debt in private loans in comparison with the country's GDP, the Greek newspaper Kathimerini reports. According to the news source,...

LATEST