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Greek Banks

Greek Banks 'Lose' €750 Mln in Deposits in February Due to Economic Uncertainty

Greeks withdrew 750 million euros from their bank accounts in February, due to the uncertainty created over the stalled bailout program review negotiations, according to the Bank of Greece. The cash outflow is ongoing since late December 2016, after talks...

Greeks Withdraw €4 Bln in 2017 Amid Economic Uncertainty

Greeks withdrew 4 billion euros from banks since the beginning of the year amid the uncertainty generated by the stalling of negotiations om the bailout program review. At the end of 2016, total deposits of government, businesses and households in...

Greek Banking System Credit Contracts 1.4% y/y in January

Total credit in Greece's banking system contracted 1.4 percent year-on-year in January after shrinking by 1.0 percent in the previous month, Bank of Greece data showed on Wednesday. According to the country's central bank, credit extended to the government rose...

ECB's Nouy: Greek Banks Have Improved 'Noticeably and Substantially' in Past Two Years

There has been a significant improvement in the situation of Greek banks, both in terms of capital adequacy and governance, the European Central Bank (ECB) supervisory board chairwoman Danièle Nouy told the Athens-Macedonian News Agency (ANA) in an exclusive...

Varoufakis, Die Linke MEP Reveal Request to ECB for Information on 2015 Closure of Greek Banks

Regarding the events in 2015 that led to a bank holiday and capital controls in Greece on his watch, the country's former finance minister Yanis Varoufakis on Wednesday announced that he had officially requested the European Central Bank (ECB)...

Greek Banks Sound Alarm Bells, Warn of Return to Uncertainty

After meeting with the heads of Greece's creditor institutions, representatives of the Greek Banks Association sounded the alarm bells, warning that the Greek economy is at risk of returning to uncertainty. The meeting focused on the management of "red"...

Strategic Defaulters Owe €10 Bln to Greek Banks

One in five (21%) of nonperforming loans in Greek banks’ portfolios, amounting to 10 billion euros, belong to borrowers who are able to repay them but choose not to in the hope they could get a favorable settlement. According to...

Greek Banks See €2.5 Billion Outflow Since January 1

Greek banks saw 2.5 billion euros withdrawn in the first 45 days of the year, while 500 million euros in business and house loans turned "red," says an Eidiseis newspaper report. According to the report citing bank officials, the mass...

Hellenic Federation of Enterprises: The Impact of a Grexit

Leaving the eurozone sounds about as ludicrous as someone filthy rich coming along and paying off the Greek debt, The Hellenic Federation of Enterprise (SEV) commented and went on to describe the impact this sort of solution would have...

Greek Banks' NPEs Ease Slightly in Q3 2016

Non-performing exposures by Greek banks eased slightly in the third quarter of 2016, but banks continue facing significant difficulties in the management of NPEs, the Bank of Greece said in a report released. The central bank, in a report on...