Tags Greek Banks

Tag: Greek Banks

ECB Lowers Emergency Funding Caps for Greece to 51.9 Billion Euros

The European Central Bank lowered the cap on emergency liquidity assistance (ELA) Greek banks draw from Bank of Greece by 0.9 billion euros to...

Capital Controls Likely to Stay Indefinitely, Says Greek Bank Official

Capital controls in Greece are unlikely to be lifted in the foreseeable future, says a Vima newspaper report, citing a high bank official who...

Greek Banks Get Back 800 Million Euros in Deposits

More than 800 million euros in deposits have returned to Greek banks after the latest relaxing of capital controls, almost a month ago. According to...

First 2,000 Greek Homes Auctioned in September

The first 2,000 houses of uncooperative debtors will be auctioned as of September 15, with the number going up to 5,000 within the next...

Sklavenitis and Banks Bail Out Marinopoulos Supermarket Chain

Sklavenitis, a major Greek supermarket chain, has stepped in to throw a lifesaver to Marinopoulos after it filed for bankruptcy in June. Alpha Bank...

Greeks Owning Credit Cards are 60% Less than Before Economic Crisis

The poor creditworthiness of most Greek citizens puts on hold the finance ministry's plans to give incentives for the use of credit cards as...

4.5 Bln Euro Deposited in Greek Banks in Two Months

Deposit inflows to Greek banks reached 4.5 billion euros over the last two months, namely after May 24 – the date of the Eurogroup...

Greek Finance Minister Further Relaxes Capital Controls

Greek Finance Minister Euclid Tsakalotos has further relaxed capital controls with a decision published in the government gazette on Friday. This was the 11th...

Ease of Capital Controls Could Bring €2-3 Bln Cash Inflow to Greek Banks

The proposed plan to ease capital controls could bring an immediate 2-3 billion euros cash inflow to Greek banks if implemented, bank officials estimate. Creditors...

ECB Lowers Cap on Emergency Funding for Greek Banks by 2.5 Billion Euros

The European Central Bank (ECB) lowered the cap on emergency liquidity assistance (ELA) Greek banks draw from the domestic central bank by 2.5 billion...

Bank of Greece Chief Heralds Easing of Capital Controls for New Depositors

The easing of capital controls is so that people who keep their money at home would deposit them to banks, said Bank of Greece...

Fitch: Capital Controls Could Ease in Greece From Late 2016

Capital controls could be gradually relaxed from late 2016 if the political landscape remains stable and Greece continues to implement the reforms envisaged in...