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Greek Banks

Greek Bank Stress Tests by ECB may Come Earlier Next Year

The European Central Bank may bring forward its stress test of Greek banks next year, finalising data well before Greece is due to exit its three-year, 86 billion euro international bailout. The test could be finalised in early May to...

Alpha Bank Analysis Sees Return of Confidence in Greek Economy

A gradual return of confidence in the Greek economy following the completion of the second review is becoming increasingly apparent, according to a report by Alpha Bank economic analysts on Saturday. This returning confidence was reflected in the improvement...

Maximum Cash Withdrawal Limit Rises to €1800 as Capital Controls Ease

New regulations easing capital controls and raising the maximum monthly cash withdrawal limit to 1800 euros came into effect on Friday. The measure had been announced and passed as an act of legislative content in early August. A Hellenic Bank...

Foreigners' Bank Deposits Drop €40 Bln in 8 Years

Greek banks have seen an outflow of 40 billion euros from foreigners' bank deposits in the past eight years as a result of foreign nationals leaving the country, according to Bank of Greece figures. BoG data shows that in the...

How Two Years of Capital Controls Hurt Greek Trade

It was June 27, 2015 when the finance minister at the time, Yanis Varoufakis, and the Greek government decided to impose capital controls in the midst of negotiations with creditors over the country's bailout. Two years ago on this date, Greek...

Greek Banks Have Adequate Capital to Fund Real Economy

Greek banks have adequate capital to fund the real economy, both business activity and the retail commerce sector, focusing on commercial credit, bank officials said. Greek banks are ready to channel liquidity in the market with the aim to contribute...

Greek Banks Make Some Progress in Tackling Bad Loans

Greek banks made progress in tackling bad loans in the first quarter, according to Bank of Greece data released on Tuesday. However, nonperforming corporate, housing and consumer loans accumulating during the crisis year continue to account for more than half of...

Greek Banks Writing-off More NPLs Due to Increase in Bad Loans in 2017

Bank sources have said that non-performing loans (NPLs) have grown as much as 2 billion euros since the beginning of 2017, ekathimerini.com reported. This growth in NPLs has left Greek banks in a position where they are now trying to write-off...

ECB Lowers ELA-Ceiling for Greek Banks by 100 Mln Euros

The European Central Bank on Thursday approved a request by the Bank of Greece to lower the ELA-ceiling for Greek banks by 100 million euros to 46.5 billion euros up to and including Wednesday, May 17, 2017. The Greek central...

ELA for Greek Banks Dropped 700 Mln Last Month

Greek banks lowered their borrowing from the ELA mechanism and the Eurosystem in March to 59.7 billion euros, from 61.9 billion in February, the Bank of Greece said on Tuesday. The central bank, in its monthly accounts said Greek banks’...