Tags Greek Banks

Tag: Greek Banks

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...

ECB Dashes Greek Hopes on Lifting ‘Waiver’ on Greek Bonds

All eyes were on the European Central Bank's (ECB) June policy meeting in Vienna on Thursday. Great expectations resulted in disappointment regarding Greece with...

Disbursement of Loan Tranche to Greece at Risk of Delay

The next loan tranche to Greece is at risk of delay since there are issues pending regarding the completion of the first bailout program...

EC Suggests Looser Approach to Capital Controls on New Money

European Commission officials are recommending a change in Greek banking policy to reduce the impact that the imposition of capital controls has had, sources...

Greek Bank Deposits Down in March

Greek bank deposits fell again in March, with deposits by companies and households falling to 121.5 billion euros at the end of March, from...