National Bank of Greece Selling Bulgarian Subsidiary

The Bulgarian subsidiary of the National Bank of Greece (NBG) is up for sale, according to banking industry sources who have reported that there...

Avoiding Capital Controls: Real Estate Revenues From Foreign Buyers Deposited in Banks Abroad

The majority of revenues of Greek luxury real estate transactions acquired by foreign nationals remain in banks outside of Greece, sources have reported. In fact,...

Greek Banks Propose Tax on Cash Withdrawals to Curb Tax Evasion

Greek banks have proposed taxation of cash withdrawals so that Greeks make more electronic transactions as a measure to curb tax evasion. The proposal is...

Piraeus Bank Chief: Greek Economy Will Benefit from Trump Victory

"If the bullish sentiment that currently exists in the U.S. with the election of a new president is a reflection of reality, I think...

Greeks Still Opting to Hide ‘Mattress Money’ Instead of Depositing in Banks

It appears that the Greek government lifting controls this summer on new money entering bank accounts has done very little to actually impact the...

Greek Banks Resume T-bill Interbank Transactions

Greek banks have resumed T-bill transactions in the interbank market after a long period of exclusion, a Kathimerini newspaper report says. According to the report,...

Institutions Leave Athens With Many Critical Issues Unresolved

Today Greek officials reported that talks between foreign envoys representing the institutions of the latest bailout review and Greek government concluded without the parties...

SSM Nouy: Prioritizes Settling Corporate NPLs Before Primary Residences

The focus of settling non-performing loans (NPLs) should be focused on corporate loans which have reached around 65 billion euros, not primary residences, according...

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...

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...

Prominent Greek Businessman Andreas Vgenopoulos Passes Away at 63

Prominent Greek businessman Andreas Vgenopoulos, founder of Marfin Investment Group (MIG), died of cardiac arrest at 3:30 a.m. on Saturday. Vgenopoulos, who was also Chairman...

National Bank of Greece Elects New Chairman Panayiotis Thomopoulos

On Thursday the National Bank of Greece elected Panayiotis Thomopoulos as its new chairman, replacing chairwomen Louka Katseli. Thomopoulos is the former deputy governor of the...

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