Greek Bond Swap Offer Reaches 86% of Shareholders

Greece has successfully completed a 30 billion euro voluntary bond swap aimed at boosting the liquidity of a thinly traded government paper issued after...

Private Sector Bank Deposits Up for Second Month in a Row

Greek private sector bank deposits increased slightly in November, rising for a second month in a row, Bank of Greece data showed on Friday,...

EIB to Help Piraeus Bank in Supporting Small Greek Businesses

The European Investment Bank (EIB) has announced it will invest 350 million euros in Piraeus Bank covered bond next month, as part of efforts...

Cypriot Depositors Take Money Out By Sea

With up to 80 percent of their bank accounts being confiscated by the government and tight capital controls preventing access to the rest, Cypriot...

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,...

Cypriot Politicians’ Loans Written Off

With banks confiscating up to 80 percent of uninsured deposits over 100,000 euros ($130,000) and the country facing a deep economic crisis, Cyprus has...

Greece’s Rich Plundered Banks

The head a Greek unit investigating money-laundering told Parliament that connected Greek businessmen have been using five banks in elaborate scheme to essentially steal...

Greece Eases Up on Capital Controls Again

Finance Minister Euclid Tsakalotos signed a decree easing capital controls in the country. According to the new regulations, Greek residents will be able to withdraw...

Greek Banks Reopen After Three-Week Shutdown

Greek banks reopened on Monday after a three-week shutdown and imposition of capital controls. However, capital controls are still in effect with a 60-euro daily...

Six Times More ‘In the Red’ Loans in the Last 5 Years

In September 2013, nearly one in three loans (31.2%) was not paid, while almost one in two borrowers (45.8%) did not pay their credit...

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...

Theodoros Pantalakis New CEO of Attica Bank in Greece

With the consent of Bank of Greece and major shareholder TSMEDE, Theodoros Pantalakis will be the new executive director of Attica Bank, a problematic...

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