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Private Deposits Boost Greek Banks

An increase in private deposits in Greek banks in December 2017 is credit positive, Moody's said on Thursday. The credit rating agency, in a credit...

National Bank of Greece Ends Need for European Aid

The National Bank of Greece (NBG) is the first Greek bank to have entirely eliminated its dependency on the European Central Bank's Emergency Liquidity...

EU: Greece has Almost Half of Eurozone’s Bad Loans

Non-performing bank loans (NPLs) are a constant threat to the eurozone's banking system and a new report by the European Commission shows Greek institutions...

More Than 40 Greek Hotels to be Auctioned off in 2018

More than 40 hotels all over Greece are expected to be sold in 2018 with high and non-performing loans being the main reason for...

Parliament Budget Head: Either Home Auctions Resume, or a Bail-in is Coming

A set of highly alarming predictions about the future of the Greek banking system were revealed today by the outgoing Parliament Budget Office head,...

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...

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