Greek Banks

An issue that has been plaguing Greece for a long time is slowly and steadily being regulated. The increased number of bounced checks and unpaid bills of exchange (BOE) that have been circulating the Greek market has significantly dropped. Based on...

Greek banks dropped in Athens Stock Exchange (ASE) after the meeting between the Eurozone’s Finance Ministers ended abruptly when Greece refused to sign a bailout program extension. According to Bloomberg, this raised concern among creditors who “may need to introduce controls...

Moody’s downgraded five Greek banks on Monday, citing heightened uncertainty regarding the new government's ability to reach an agreement with its creditors before the end of the current support program that expires at the end of February. The ratings agency said...

The Governor of Bank of Greece (BoG) and former Finance Minister Giannis Stournaras appeared confident today that the Greek banks' liquidity is absolutely guaranteed and that the deposits are completely secured. In a meeting with the SYRIZA-led government Vice President,...

Greek banks will not have any liquidity problems following the European Central Bank's (ECB) decision not to accept Greek bonds as collateral, as banks will use the Emergency Liquidity Assistance (ELA) mechanism, JP Morgan said on Thursday. The US investment bank...

The European Central Bank (ECB) gave the green light for Emergency Liquidity Assistance (ELA) to Greek banks. Three major Greek banks will get the ELA; Alpha Bank, EFG Eurobank and Piraeus Bank will have the support of the financial mechanism for...

The European Central Bank (ECB) is constantly adding pressure to Greek banks, threatening to withdraw emergency funding if the country's government does not compromise. In a time that the newly elected leftist Greek government is attempting to renegotiate the...

The new Greek government will not take any actions to hurt the share values of banks and will not appoint party members at key management positions, the government's spokesperson said on Monday. "We will not do anything that would hurt...

European Central Bank (ECB) Vice President Vitor Constancio declared earlier today that a decision on whether Greece will receive emergency funding will be tabled to the bank's upcoming Governing Council meeting. According to Reuters, Constancio said that ECB’s Emergency Liquidity...

A new two-year low reached bank deposits in Greece in December, as Greeks withdrew some 4.6 billion euros in a period stigmatized by political uncertainty due to the unsuccessful election of a new President of the Hellenic Republic and...