Loan Interest Rates Drop 1-1.5%

The National Bank of Greece decreased business loans interest rates by 1.5 percent. A relevant decision is expected to be taken regarding other kinds...

ECB President: Greek Banks Can Continue to Rely on Emergency Liquidity Assistance

European Central Bank (ECB) President Mario Draghi gave his assurance today that the Greek banks can continue to rely on emergency liquidity assistance (ELA). "ELA will continue to...

Bundesbank Optimistic About the Future of Greece’s Economy

Germany's Central Bank, the Bundesbank, expressed an optimistic outlook on the Greek economy on Monday, Reuters reported. The Eurogroup agreed to a three-year 86-billion-euro bailout deal on Friday....

Bank of Greece Acquires Eurobank

With Greek banks still reeling from big losses imposed by the government in a desperate bid to write down its staggering $460 billion debt,...

Provopoulos Repeats Greek Recovery Coming

Bank of Greece chief George Provopoulos, who has predicted an economic recovery for the past few years, now says it looks like it's really...

‘Black Thursday’ for 60,000 Greek Borrowers of Swiss Banks

An unexpected development came out earlier today from the Swiss National Bank (SNB). More than three years of stability (since 2011) between the European...

Katseli Criticizes New Corporate Governance Framework for Greek Banks

Restrictive criteria of a new law on banks' corporate governance framework imposed a one-dimensional management scheme on Greek banks, with board members having a limited...

Greek Bank Deposits Drop Second Month in a Row

Greek bank deposits dropped in February for the second month in a row after a 2.05 percent increase in December, according to a Bank...

Chairman of Greece’s Biggest Bank Optimistic on Recapitalization

The Chairman of the National Bank of Greece (NBG), Louka Katseli expressed her confidence that the Greek bank recapitalization will successfully go ahead, while addressing the...

ECB Maintains ELA to Greek Banks

According to reports, the European Central Bank (ECB) decided to maintain the Emergency Liquidity Assistance (ELA) to Greek banks at the current ceiling of almost 91...

Independent Authority for Public Revenue Seizes €124 Million From Debtors’ Bank Accounts in 2016

On Monday, Deputy Finance Minister Katerina Papanatsiou presented data to Parliament disclosing that in 2016 the Independent Authority for Public Revenue confiscated a total...

Piraeus Bank Chief Sees Profits, Investors Return to Greece

The prospect that Greece may be emerging from the darkness of a harsh economic and deep recession is seeing international investors putting money back...

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