Greek Banks

Markets suffered across Asia on Monday as Greece shut down its banks for a week and implemented capital controls. Only in the first hour of Monday, more than $35bn was wiped off the Australian stock market. With many international media reporting that Greece...

By Panicos O. Demetriades, University of Leicester As ECB froze the level of emergency liquidity assistance (ELA) it is providing to Greek banks, the nightmare scenario for Greece is already beginning to unfold. Capital controls are on the way, with all the...

Greek Prime Minister Alexis Tsipras made a dramatic call to Europe to increase its Emergency Liquidity Assistance (ELA) to Greek Banks, in order for Greece not to turn to chaos. The European Central Bank (ECB) did not kept the financial...

The European Central Bank (ECB) will stop providing Emergency Liquidity Assistance (ELA) to Greece, the BBC reports, citing unnamed sources. The end of emergency lending to Greece's banks might come as soon as Sunday - a move that could force them...

Alpha Web Banking will operate with limited functionality during the weekend 27 – 28 June 2015. This is the announcement of the Greek bank, that came interestingly on the same day that Greek Prime Minister Alexis Tipras called for...

A European Central Bank board teleconference meeting on Thursday reassessed liquidity conditions in Greek banks. Bank sources told ANA-MPA that the Bank of Greece "took as much ELA it requested." However, there is no official information over if and how much...

Banknote circulation has fallen to June 2012 levels following a massive cash withdrawal from bank deposits, a Bank of Greece (BoG) report said on Tuesday. The report noted that the biggest part of deposit outflow was in cash, while the Greek central...

The European Central Bank (ECB) again increased emergency liquidity funds for Greece 's banks Tuesday, Reuters reports. The amount of the new increase of the ECB's Emergency Liquidity Assistance (ELA) was not specified. The ECB's governing council held a teleconference on...

According to Reuters the European Central Bank (ECB) raised emergency funding for Greek lenders for the third time in less than a week. The Governing Council increased the cap on Emergency Liquidity Assistance in a telephone conference on Monday, and...

Greek bank subsidiaries in Cyprus are protected, Cyprus Central Bank (CBC) Supervision Department Head Yiangos Demetriou said on Friday, dismissing concerns due to the economic instability in Greece. Speaking after a meeting with managers of Greek bank subsidiaries in Cyprus, Alpha Bank Cyprus,...