Stournaras: NPL Sales Speedup Crucial for Greek Banks

Greek banks have shown progress in tackling a stockpile of non-performing loans, Bank of Greece governor Yannis Stournaras said on Friday, but added that...

Greece Further Relaxes Capital Controls to €5,000 per Month

Greece's finance ministry has further relaxed capital controls with a decision sent for publication in the Government Gazette on Thursday, raising the monthly limit...

Greek Debt: Another BRICS in the Wall

BRICS is the new catchword that plays in the lips of SYRIZA leftist hardliners. All of a sudden, a new international development bank will...

Activist Group Anonymous Hack Bank of Greece

The activist group Anonymous shut down the website of the Bank of Greece on Tuesday, after launching a distributed denial of service (DDOS) attack on the institution, according to a Reuters...

Yiannis Stournaras Says Greek Banking System Shielded and Views Greek Economy as Positive

Bank of Greece governor Yiannis Stournaras said the Greek banking system is shielded from developments at Deutsche Bank and there is no reason for...

ELA Borrowing Ceiling for Greek Banks Remains Unchanged

European Central Bank's governing council on Thursday approved a request by the Bank of Greece to maintain the ELA borrowing ceiling for Greek banks...

Bank Deposits Rise in July for Third Month in a Row

Greek private sector bank deposits rose in July for the third month in a row, although they remain at 14-year lows, central bank data...

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...

BoG Governor: Operation of Greek Banks Will Normalize Once Deal Is Achieved

Bank of Greece (BoG) Governor Yiannis Stournaras expressed optimism on Friday that the operation of banks will normalize in the next few days, as an agreement...

Bank of Greece Chief Heralds Easing of Capital Controls for New Depositors

The easing of capital controls is so that people who keep their money at home would deposit them to banks, said Bank of Greece...

Will Creditors Approve Government’s Plan of Incentives for Making Credit Card Purchases?

According to sources, there is a plan in the making to drive Greeks to use their credit cards to make purchases. The government has...

Greek Banking System Credit Contracts 1.4% y/y in January

Total credit in Greece's banking system contracted 1.4 percent year-on-year in January after shrinking by 1.0 percent in the previous month, Bank of Greece...

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