Greek Banks

Eurogroup's decision of no haircut on the bank deposits is an important step of confidence-building towards the Greek banking system as well as the immediate disbursement of 10 billion euros for the banks' recapitalization, estimated the president of the...

After much speculation and uncertainty, the Eurogroup approved Greece’s 86-billion-euro program on Friday evening, effectively giving the country its third Memorandum in five years. The third Greek bailout is scheduled to run until August 2018 and the 86 billion euros will be given to...

Eurogroup President Jeroen Dijsselbloem announced on Friday night the achievement of a final deal on the new, three-year aid program for Greece, saying it will achieve sound public finances and safeguard the banking sector. "It is a comprehensive and ambitious reform...

Greek banks are at risk of collapse unless Athens completes an agreement with creditors within next week, said a Spiegel report. The report is based on comments by several international bank executives. According to a Royal Bank of Scotland analyst,...

After the third day of reopening of the Athens Stock Exchange, bank shares took another dramatic dive reaching a cumulative 63.81 percent loss. The banking index lost 27 percent at closing on Wednesday, dragging all Greek stocks down. The market...

The European Central Bank decided on Wednesday for the second straight week to keep Emergency Liquidity Assistance to Greece at around 91 billion euros. The decision was expected considering that the Greek government seems to not have made any formal requests for an...

The plunge of the Greek banking stocks at the Athens stock exchange combined with the recent closure of the country's lenders, as well as the imposition of capital constraints has greatly increased the cost of the recapitalization of the...

The Greek banking system could be slowly regaining some pace. Bloomberg reported on Tuesday that since Greek banks reopened on July 20, customers have deposited 1 billion euros in the country's banks. The news agency cited an anonymous senior official at the Bank of Greece who...

The capital controls that are in effect in Greece as of June 28 and the three week closure of Greek banks, have caused a significant shift in how Greeks make their transactions. According to Bloomberg, since June 28 1 million debit cards...

Greek depositors and businesses are relocating their money and their business headquarters to Bulgaria, according to German weekly magazine Der Spiegel. The magazine reported that 14,000 euros are leaving Greece for Bulgarian banks each week since capital controls were fist imposed in Greek banks on...