Greece Seizes 900 Accounts per Day Over Rocketing Tax Debts

Taxpayers’ arrears to the state rocketed by 5.47 billion euros in the first half of 2017, as Greeks are unable to meet their tax...

New Development Bank will Fund Infrastructure Projects

The Greek government will set up a development bank to fund infrastructure projects, start ups, small businesses and export oriented companies, the government's...

Greek Private Sector Bank Deposits Rise by 771 Million in June

Greek banks' deposits of households and non-profit institutions increased by 771 million euros in June, the Bank of Greece said on Thursday. Business and household...

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...

Mission (Almost) Impossible: Getting a Loan from a Greek Bank

Liquidity in the Greek economy has reached new lows as banks are unable to reduce bad loans that have reached 105 billion euros. According to...

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...

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...

Greek Central Bank Warns of a New MoU in 2018; Lowers Growth Estimate

The Governor of the Bank of Greece Yiannis Stournaras, warned of the possibility of a new Memorandum of Understanding (MOU) with the country’s creditors...

EXIN Buys 75% of Ethniki Insurance in 718 Million Euro Deal

The acquisition of 75% of the Ethniki Insurance, a subsidiary of the National Bank of Greece (NBG), was announced by the Dutch EXIN, which...

Greek Banks Have Adequate Capital to Fund Real Economy

Greek banks have adequate capital to fund the real economy, both business activity and the retail commerce sector, focusing on commercial credit, bank officials...

Report Says Greece Will Return to Markets When Borrowing Costs Fall Below 5%

  Greece will return to markets when its borrowing costs fall below 5 percent, a recent Reuters report says. This may happen if Greek bonds...

Greek Banks Make Some Progress in Tackling Bad Loans

Greek banks made progress in tackling bad loans in the first quarter, according to Bank of Greece data released on Tuesday. However, nonperforming corporate, housing...

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