Greece
Business
Reports Say Greek Banks to Axe Up to 4,000 Jobs in 2019
Greek banks are expected to cut up to 4,000 positions during the year 2019, various outlets in the Greek media reported on Monday.
Most of the reductions, as has happened in the past, are not expected to come through outright...
Economy
Piraeus CEO: Greek Banks to Significantly Reduce Bad Loans by 2021 (VIDEO)
The high level of bad loans in Greece is still the largest economic issue that the embattled nation needs to focus on, the head of Piraeus Bank told the American television network CNBC on Monday.
Christos Megalou said that there...
Economy
Greek Banks Ready To Agree on New Home Protection Plan
The Hellenic Bank Association is ready to agree with the Greek government on a new plan which aims to protect the primary homes of property owners. Just as importantly, the new plan will not create any unwanted financial side-effects,...
Economy
Goldman Sachs: Greek Banks have Limited Ability to Withstand Shocks
Greek banks have a limited ability to withstand external or internal shocks, a Goldman Sachs report says.
According to Capital.gr website, Goldman Sachs representatives were in Athens and had contacts with bank executives and policy makers in order to assess...
Economy
Varoufakis: Greek Banks and State Should Not Have Been Saved
The bailout plan that saved the banks and Greek state, has allowed the country to remain in “same black hole” from over a decade ago, according to Greece's former finance minister Yanis Varoufakis.
Even as the bailout program comes to its conclusion, during an...
Economy
Greek Banks Get Positive Stress Test Results from Moody's
The results of a stress test round for the four Greek systemic banks -- Alpha Bank, Eurobank, National Bank and Piraeus Bank -- are "credit positive" and showed the resilience of their supervisory capital, Moody's said in its Credit...
Economy
Top Greek Banks would Lose €15.5 Bln of Capital in Stress Scenario: ECB
Greece’s four biggest banks said on Saturday that no new funding plans were needed after stress test results showed they would lose around 15.5 billion euros of their capital by 2020 under an adverse economic scenario, Reuters says.
The health...
Economy
German Press: Greek Banks Pass ECT Stress Tests
"The four major Greek financial institutions do not need new capital injections," said German financial newspaper on Sunday, reporting on the stress tests the Greek banks are undergoing.
"Relief in Athens: Piraeus Bank, Eurobank, National Bank (NBG) and Alpha Bank...
Economy
Stress Testing for Bad Loans Hits Greek Banks
International pressure to make Greece's biggest banks increase their provisions against bad loans has seen the country's major institutions take up billions of euros in cover.
A report by Bloomberg on Tuesday revealed that Alpha Bank, Eurobank, the National Bank...
Economy
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...
Economy
Varoufakis Suing ECB for Refusing to Help Greek Banks During Crisis
Former Greek finance minister Yanis Varoufakis, and a German parliamentarian, are suing the European Central Bank, so as to gain access to a document underpinning the ECB's decision to freeze vital funding to Greek banks in 2015.
That move left...
Economy
ECB Lowers Funding Cup for Greek Banks by €1.1 Billion
The European Central Bank lowered the cap on Emergency Liquidity Assistance (ELA) Greek banks draw from the domestic central bank by 1.1 billion euros to 25.8 billion euros, the Bank of Greece said on Thursday.
The move reflected improved liquidity...
Economy
Stournaras: NPL Sales Speedup Crucial for Greek Banks
Greek banks have shown progress in tackling a stockpile of non-performing loans, Bank of Greece governor Yannis Stournaras said on Friday, but added that it would remain a challenge for the country.
Greek banks are saddled with 103 billion euros...
Economy
Eurogroup Chief: We Saved the Greek Banks but Overlooked Taxpayers
Outgoing Eurogroup chief Jeroen Dijsselbloem acknowledged on Thursday that Greece’s creditors put too much emphasis on saving the banks at the expense of ordinary taxpayers.
In an exchange of views on Greece in the European Parliament's Employment and Social Affairs...
Economy
Tsakalotos: Greek Banks in Danger if Home Auctions don't Resume
Finance minister Euclid Tsakalotos has warned his party's MPs that if foreclosed home auctions don't resume, Greek banks could be facing recapitalization issues.
Speaking to SYRIZA parliamentarians, Tsakalotos was referring to the notaries' announced abstention from duty until December 31,...