Bank of Greece Warns About Bad Loans, Expects Rise in Deposits

Greek bank deposits are expected to rise in 2017, the Bank of Greece (BoG) said in its Financial Stability Report released on Tuesday. In the...

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...

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...

European Central Bank Lowers ELA for Greece Ahead of Eurogroup

The European Central Bank (ECB) has lowered the borrowing ceiling to Greek banks by 300 million euros on Thursday. The Emergency Liquidity Assistance mechanism (ELA) was...

Further Reduction in Borrowing From ELA by Greek Banks

Greek banks further reduced their borrowing from the Emergency Liquidity Assistance mechanism (ELA) after the governing council of the European Central Bank approved a request...

Banks Concerned About January’s Spike in Non-performing loans

Banks are becoming increasingly concerned about Greece's sudden rise in new bad loans since Janauary of this year. Banks sources have reported that the spike...

5,000 Greek Properties Under the Electronic Auction System by End of 2017

Despite the SYRIZA-led government’s promises that no house will be repossessed and sold by the banks, the new system of online real estate auctions...

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...

Greece Eases Capital Controls, Raises Cash Withdrawal Limit

The Greek government has announced a further easing of capital controls effective from Friday. The withdrawal limit from bank accounts will be raised to €2,300...

First Bitcoin ATM in Greece Promises Limitless Transactions Amidst Capital Controls

The first 2-way bitcoin ATM was inaugurated in downtown Athens on Saturday at The Cube, a coworking space that houses several innovative startups. And...

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...

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