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Greeks Withdraw €4 Bln in 2017 Amid Economic Uncertainty

Greeks withdrew 4 billion euros from banks since the beginning of the year amid the uncertainty generated by the stalling of negotiations om the...

Greek Banking System Credit Contracts 1.4% y/y in January

Total credit in Greece's banking system contracted 1.4 percent year-on-year in January after shrinking by 1.0 percent in the previous month, Bank of Greece...

ECB’s Nouy: Greek Banks Have Improved ‘Noticeably and Substantially’ in Past Two Years

There has been a significant improvement in the situation of Greek banks, both in terms of capital adequacy and governance, the European Central Bank...

Varoufakis, Die Linke MEP Reveal Request to ECB for Information on 2015 Closure of...

Regarding the events in 2015 that led to a bank holiday and capital controls in Greece on his watch, the country's former finance minister...

Greek Banks Sound Alarm Bells, Warn of Return to Uncertainty

After meeting with the heads of Greece's creditor institutions, representatives of the Greek Banks Association sounded the alarm bells, warning that the Greek economy...

Strategic Defaulters Owe €10 Bln to Greek Banks

One in five (21%) of nonperforming loans in Greek banks’ portfolios, amounting to 10 billion euros, belong to borrowers who are able to repay...

Greek Banks See €2.5 Billion Outflow Since January 1

Greek banks saw 2.5 billion euros withdrawn in the first 45 days of the year, while 500 million euros in business and house loans...

Hellenic Federation of Enterprises: The Impact of a Grexit

Leaving the eurozone sounds about as ludicrous as someone filthy rich coming along and paying off the Greek debt, The Hellenic Federation of Enterprise...

Greek Banks’ NPEs Ease Slightly in Q3 2016

Non-performing exposures by Greek banks eased slightly in the third quarter of 2016, but banks continue facing significant difficulties in the management of NPEs,...

ECB Lowers Borrowing Ceiling for Greek Banks

Greek banks further reduced their borrowing from the Emergency Liquidity Assistance mechanism, the Bank of Greece said on Thursday. In an announcement, the central bank...

Greek Banks’ ELA Funding Drops by €1.3 Billion in November

Data released by the Bank of Greece (BoG) on Tuesday shows that in November of 2016 the country's emergency bank funding (ELA) dropped some...

Greek Banks Propose Tax on Cash Withdrawals to Curb Tax Evasion

Greek banks have proposed taxation of cash withdrawals so that Greeks make more electronic transactions as a measure to curb tax evasion. The proposal is...

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