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Greece

Central Banker: Greek Deposits are Totally Safe

The Greek banking system and deposits are fully secured, Bank of Greece (BoG) governor Yannis Stournaras on Friday said after a meeting with Prime Minister Alexis Tsipras. Stournaras added that the prime minister and the economic staff assured him they...

Swiss Government Doesn't Accept Taxation of Greek Deposits

The Greek Finance Minister, Yannis Stournaras and his Swiss counterpart, Eveline Widmer-Schlumpf met on Tuesday to discuss the issue of taxation of Greek deposits in Swiss banks. However, the two sides didn't reach an agreement. The Greek Finance Minister requested an...

Greek Deposits of 60 Billion in Switzerland

According to the economist Gabriel Zucman, the deposits of Greek citizens in Swiss banks are amounting to 60 billion euros. The French professor of the London School of Economics and researcher at the University of California, Berkeley published his book...

Central Bank: Greek Deposits Steady in March

Greek business and household bank deposits were steady in March despite worries the Cypriot banking crisis would lead to outflows in other indebted southern European economies, central bank data showed on Friday. Bank of Greece data showed deposits slightly rose...

Provopoulos Says Greek Deposits Safe

With media speculation that the apparently abandoned proposed merger of National Bank of Greece and Eurobank could lead to the government going after bank deposits as Cyprus did, the head of the central bank, George Provopoulos, reiterated that all...

Greek Bank Deposits Rise in March

In March 2018, the annual growth rate of total credit extended to the economy stood at -2.0 percent from -1.8 percent in the previous month, while the monthly net flow was negative at €850 million ($10.3 billion), compared with...

Private Deposits Boost Greek Banks

An increase in private deposits in Greek banks in December 2017 is credit positive, Moody's said on Thursday. The credit rating agency, in a credit outlook report, said Greek banks' deposits from the private sector grew by €5.9 billion ($7.3...

Greek Tax Authority Gets Data from Bank Deposits Abroad

The Independent Public Revenue Authority is expected within September to receive data on bank accounts held by Greek citizens in 49 countries. In exchange, Greek banks will send the data to the tax authorities of partner countries on accounts held...

Greek Private Sector Bank Deposits Rise by 771 Million in June

Greek banks' deposits of households and non-profit institutions increased by 771 million euros in June, the Bank of Greece said on Thursday. Business and household deposits rose to 120.42 billion euros from 119.42 billion in May, their lowest level since...

Greek Business Deposits Rise in May, Household Deposits Drop

Greek private sector bank deposits increased overall in May, mainly due to higher business deposits, while household deposits dropped, according to Bank of Greece data released on Wednesday. Business and household deposits rose to 119.42 billion euros, compared to 118.99...

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...

BoG: Deposits in Greek Banks Fell €1.5 Billion in January

Greek banks' deposits by individuals and enterprises fell 1.5 billion euros in January to 119.7 billion euros, from 121.4 billion in December 2016, the Bank of Greece said on Tuesday. The central bank, in a report, said that corporate deposits...

Greek Banks Get Back 800 Million Euros in Deposits

More than 800 million euros in deposits have returned to Greek banks after the latest relaxing of capital controls, almost a month ago. According to exclusive information obtained by the Athens-Macedonian News Agency (ANA) from domestic banking sources, this money...

Greek Bank Deposits Down in March

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...

Greek Bank Deposits Drop Second Month in a Row

Greek bank deposits dropped in February for the second month in a row after a 2.05 percent increase in December, according to a Bank of Greece report released on Tuesday. Greece's central bank data shows that business and household deposits...