Greek Banks

Greek bankers estimate that the amount of non performing loans created in the first two months of 2015 amount to 2 billion euros. This is twice the amount of new bad loans created in the last two months of 2014,...

The Greek banking system and deposits are fully secured, Bank of Greece (BoG) governor Yannis Stournaras on Friday said after a meeting with Prime Minister Alexis Tsipras. Stournaras added that the prime minister and the economic staff assured him they...

The European Central Bank (ECB) greenlit funding for Greek banks amounting to 68.8 billion euros via the Emergency Liquidity Assistance (ELA) support mechanism. ECB's 25-member board of directors, which held a meeting in Nicosia, Cyprus, decided to increase Greece's funding...

Greek Government Work Coordination Minister Alekos Flabouraris stated that energy and water will never be privatized in Greece. In an interview to Greek radio, Flabouraris said that the Public Power Corporation (PPC) will not be privatized and the same applies to the...

His belief that there are alternative solutions to liquidity problems in March expressed a senior Greek financial official just before the Government Council for Economic Policy meeting that was earlier concluded under the presidency of government Vice President Giannis Dragasakis....

Bank of Greece (BoG) Governor and former Finance Minister Giannis Stournaras has warned the Greek government that a final agreement with the country's loan partners should soon be reached in order to avoid a frightful setback to the country's economic...

In March, the Greek government will have to overcome a great obstacle in paying the scheduled installments to the International Monetary Fund (IMF). While Greek ministers were thinking of postponing the repayment installments, it appears extremely unlikely that the...

Greek banks are considering offloading part of their shipping debt portfolios worth billions of dollars in a bid to shore up their capital, Reuters stressed citing banking and ship-financing sources. Earlier this week, Athens has secured a four-month extension of its...

Greek depositors withdrew over 1 billion euros from their bank accounts in the last two days, bringing deposit outflows to the January high levels. In January -- month of snap elections -- a total 12 billion euros were withdrawn from...

The Greek government has confirmed its intention to apply for an extension of its loan agreement tomorrow morning in order to avoid the danger of running out of liquidity by the end of February -when the current bailout program...