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...

Greek Minister Accused of Illegally Recording Phone Call with Central Banker

Bank of Greece Governor Yannis Stournaras on Tuesday called for the intervention of judicial authorities over the recording of a telephone call with a...

Greece’s Private Sector Bank Deposits Drop for Second Month

Greece's private sector bank deposits dropped for two consecutive months, in October and November of 2018, according to data released by the central bank of Greece...

Greeks’ Primary Residence Protection Extended for Two Months

The Greek government and the country’s biggest banks agreed to extend by two months legislation which protects the primary residence of debtors in Athens...
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Piraeus Bank Returns to Profitability, Says CEO Christos Megalou

Piraeus Bank CEO Christos Megalou says that Greece’s largest lender is returning to profitability in an exclusive interview with the Greek Reporter. Speaking at the...

Greece’s Eurobank Buys Out Property Firm in €780 Million Deal

Greece’s third-largest lender Eurobank announced a deal on Sunday to buy Grivalia Properties in an effort to boost the bank’s capital and speed up...

Piraeus Bank Sells Bulgarian Subsidiary to Eurobank

Piraeus Bank, Greece's largest lender, announced on Wednesday that it has entered into an agreement with Eurobank Ergasias for the sale of its shareholding...

Piraeus Bank Finances Development of Major Transit Hub in Greece

Piraeus Bank, Greece's biggest lender, has announced it will finance the development of the Thriassio Transit Center, which will help increase freight transport by...

Greek Bank Shares Drag Down the Athens Stock Exchange, State Bonds Reach 4.66%

The turmoil in the Italian economy and the deterioration of Greek state bonds dragged down the Athens Stock Exchange on Monday, with the General...

Greek Government Attributes Bank Shares Sell-off to ‘Speculative Pressures’

The Greek government attributed Wednesday's bank share massive sell-off and the sharp drop of the general index in the Athens Stock Exchange to "speculative...

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...

Athens Stock Exchange Plummets Following Massive Bank Shares Sell-off

Scenarios of a new bank recapitalization and the Italian crisis triggered a massive bank share sell-off that dragged the Athens Stock Exchange to a...

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