Piraeus Bank
Economy
Piraeus Bank Chief Sallas Opposed to Auctions of First Home
President of Piraeus Bank Michalis Sallas, on Saturday expressed clear opposition to any measure regarding the auctions of primary residences. He also denied that bankers are behind the pressures put on the government by the representatives of the Institutions
Asked...
Economy
Piraeus Bank Re-Initiates Interbank Repo Activity
, In a statement made on Monday, Piraeus Bank said its customer deposits totaled 38.1 billion euros at the end of September, of which 34.5 billion deposits were in Greece.
The bank said that economic and political conditions in Greece showed signs of...
Economy
Red Loans Pose Threat to Greek Banks Restart
"Bad loans haunt Greek Banks Seeking New Start" is the title of a Reuters report regarding the plight of the banking sector in Greece's economic crisis.
After 40 billion euros of deposit outflows and three weeks of closed doors and...
Economy
Greek Pensioners Faint After Hours of Waiting in Bank Lines
Greek pensioners started lining up as early as midnight in order to get their pensions from 1,000 bank branches that would be open on Wednesday to service them specifically.
The imposition of capital controls by the Greek government allows pensioners to...
Economy
Piraeus Bank Writes Off Debts Under €20,000 for Poverty-Stricken Greeks
Piraeus Bank, one of the four major Greek banks, has decided to write off debts of up to 20,000 euros and freeze debts from mortgages for poverty-stricken Greeks.
The program aims at Greek citizens who fall in the category of...
Crime
Known Greek Criminal Allegedly Organized Heist in Trikala
Just 24 hours after the robbery at Piraeus bank in Trikala, more information has surfaced shocking the people of Greece. On April 2, a film-like heist took place in Trikala, central Greece, with three assailants grabbing 197,000 euros from...
Business
Reuters: Greek Banks Offloading Shipping Debt to Shore Up Capital
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...
Economy
Moody's Downgrades Five Greek Banks
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...
Greece
ECB Greenlights Emergency Liquidity Assistance to Greek Banks
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...
Economy
Athens Stock Exchange Recording Losses of 7.35% During Third Consecutive Day of Fall
New dramatic free fall recorded the Athens Stock Exchange (ASE), which sank to a new year low, amid the worsening climate in the markets due to political uncertainty, while the Greek 10-year bond recorded a worrying increase over 9%.
The...