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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...

Handelsblatt: Greece Has Received €256 billion in Loans Since 2010

German news daily Handelsblatt, taking a look at the Greek economy, has come to the conclusion that despite the obscene amount of loans the...

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...

Tsakalotos: Greek Banks in Danger if Home Auctions don’t Resume

Finance minister Euclid Tsakalotos has warned his party's MPs that if foreclosed home auctions don't resume, Greek banks could be facing recapitalization issues. Speaking to...

ECB: Greek Banks Stress Tests Results Due in May

The European Central Bank's stress test of Greek banks is still expected to be completed in May despite a delay in a pan-European check. The...

Greek Banks Speed Up Actions Against Strategic Bad Debtors

Greek banks plan to add strategic bad debtors to an e-auction platform, which is due to begin operating by the end of November, bank...

Homes Worth Up to 300,000 Euros to be Exempt From E-Auctions

All residences valued at 300,000 euros or less will be exempt from foreclosure auctions using the new electronic platform, according to an agreement reached...

ECB Move to Ask for 100% Coverage of NPLs to Hurt Greek Banks

A move by the European Central Bank to ask eurozone banks to set aside enough cash to cover 100% of their non-performing loans (NPLs) over...

IMF’s Thomsen: No Stability Concerns Over Greek Banks

Poul Thomsen, Director of the European Department of the IMF, said there are "no concerns" about the stability of Greek banks and an asset...

Greek Bank Stress Tests by ECB may Come Earlier Next Year

The European Central Bank may bring forward its stress test of Greek banks next year, finalising data well before Greece is due to exit...

Alpha Bank Analysis Sees Return of Confidence in Greek Economy

A gradual return of confidence in the Greek economy following the completion of the second review is becoming increasingly apparent, according to a report...

Maximum Cash Withdrawal Limit Rises to €1800 as Capital Controls Ease

New regulations easing capital controls and raising the maximum monthly cash withdrawal limit to 1800 euros came into effect on Friday. The measure had...

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