Greek Banks

The outlook for the Greek banking system is negative, primarily reflecting the acute deterioration in Greek banks' funding and liquidity, says Moody's Investors Service in a new report published recently. These pressures are unlikely to ease over the next...

Deposits outflow from Greek banks continued in April, reaching a total of 7 billion euros, according to Bloomberg. However, the European Central Bank (ECB) increased its emergency liquidity assistance (ELA) in order to support the Greek banks. “The ECB’s Governing Council opted...

The liquidity of the banking sector, the contribution of banks in the fight against tax evasion, the improvement of public revenues collection and the more efficient use of development actions dominated a meeting between Government Vice-President Yiannis Dragasakis and...

The European Central Bank (ECB) decided on Tuesday to raise the lending cap for Greek banks via the Emergency Liquidity Assistance (ELA) mechanism by 1.1 billion euros, bringing the ceiling to 80 billion in total, sources said. The decision was...

For decades the Greek banks and the real estate market were operating as communicating vessels, with the former granting long-term mortgage loans to satisfy the increasing demand for real estate properties. With Greece being through the sixth year of economic crisis, the...

European Central Bank on Wednesday approved an additional two billion euros in liquidity to Greek banks through the Emergency Liquidity Assistance (ELA) mechanism of the Bank of Greece, raising the mechanism’s ceiling to 78.9 billion euros, from 76.9 billion...

Greek bank deposit outflows showed a significant decrease in March, reducing fears regarding the country’s banking system that has suffered a shock by the enormous fund outflow recorded during the past few months. According to the European Central Bank’s (ECB)...

The European Central Bank on Wednesday decided to raise the funds available to Greek banks from the Emergency Liquidity Assistance (ELA) system by 1.4 billion euros, to 76.9 billion euros. Bank of Greece sources said the banks have not yet...

Greece's debt has grown over the last years and that is why British newspaper The Guardian published the following diagrams in order to determine how much money does Greece owe and to whom. The coming months are crucial for the...

European Central Bank (ECB) President Mario Draghi gave his assurance today that the Greek banks can continue to rely on emergency liquidity assistance (ELA). "ELA will continue to be given until Greek banks will be solvent and have adequate collateral," Draghi told journalists...