Greek Banks

The next loan tranche to Greece is at risk of delay since there are issues pending regarding the completion of the first bailout program review. Euro zone technocrats identified issues that have not been addressed yet by Athens after a...

European Commission officials are recommending a change in Greek banking policy to reduce the impact that the imposition of capital controls has had, sources told the Athens News Agency on Thursday. The adoption of a different treatment on existing...

Greek bank deposits fell again in March, with deposits by companies and households falling to 121.5 billion euros at the end of March, from 121.7 billion a month earlier, down around 12.3% compared with March 2015, the Bank of...

The European Central Bank gave a breath of liquidity to Greek banks after Thursday's decision to include them in its quantitative easing program and the purchase of EFSF bonds. The decision constitutes an indirect capital boost, from which banks can...

The Greek government extended on Monday the current ban on selling non-performing loans (NPLs) to funds until May 15 through an amendment tabled by the economy ministry to parliament. According to the amendment, banks are not allowed to sell NPLs...

Greek banks’ capital position is particularly strong, Bank of Greece governor Yannis Stournaras said, addressing an event organized by the National Bank of Croatia in Zagreb. In his address, Stournaras added that actions taken so far in the non-performing loans...

Hellenic Bank Association president and National Bank's chief Luca Katseli said in an interview with Kathimerini newspaper, on Sunday, that the possibility of a deposits haircut and a new banks recapitalization is out of the question. "Greek systemic banks just came out...

Moody's Investors Service has today upgraded to Ca from C the long-term senior debt ratings of Greece’s four systemic banks -- Alpha Bank AE, Eurobank Ergasias S.A., National Bank of Greece S.A., and Piraeus Bank S.A. At the same...

Last week, former Greek finance minister Yanis Varoufakis launched in Berlin with much fanfare his new political movement, DIEM25, a pan-European movement with the aim of democratizing Europe within one decade. However, Varoufakis' new undertaking has a lot of people...

Since the start of the crisis, Greeks have withdrawn many billions of euros from the nation’s banks and nearly all of them do not plan to redeposit their money with Greek banks, according to a survey by Stanley Morgan. The...