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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...

Greek Banks Resume T-bill Interbank Transactions

Greek banks have resumed T-bill transactions in the interbank market after a long period of exclusion, a Kathimerini newspaper report says. According to the report,...

Moody’s Revises Greek Banks’ Outlook From Negative to Stable

Moody's Investors Service on Tuesday revised its outlook on Greece's banking system to stable from negative. The stable outlook reflects the rating agency's expectation...

Borrowing Ceiling for Greek Banks Reduced 0.2 Billion Euros by ECB

  European Central Bank lowered the borrowing ceiling for Greek banks from the ELA mechanism by 200 million euros, the Bank of Greece said on...

More Greek Businesses Deposit Their Money in Bulgarian and Romanian Banks

Bank deposits of Greeks in Bulgaria and Romania increased by 10% and 8% respectively while in Greece deposits dropped by 23% in 2015, the...

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...

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