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...

Sale of Eurobank’s Ukrainian Unit Completed

On Tuesday, Reuters reported that the sale of Greece's Eurobank unit of the Ukrainian Universal Bank to Ukraine's financial group TAS has been completed. The...

The Haratsi Is Here To Stay

A special property tax levy that doubled the amount due, and which was put into electricity bills in 2011 - for what was supposed...

Provopoulos Repeats Greek Recovery Coming

Bank of Greece chief George Provopoulos, who has predicted an economic recovery for the past few years, now says it looks like it's really...

Greek Deputy FinMin: Banks Will Reopen on Monday

Greek Deputy Finance Minister Dimitris Mardas said on Friday that all banks will open on Monday, offering a wide range of services, although a 60-euro daily...

ECB Move to Ask for 100% Coverage of NPLs to Hurt Greek Banks

A move by the European Central Bank to ask eurozone banks to set aside enough cash to cover 100% of their non-performing loans (NPLs) over...

Alpha Bank Sheds 21% of Staff Via Voluntary Exit Plan

Greece's fourth-biggest bank, Alpha Bank, announced on Monday that approximately 21% of its 10,000 employees will enter a voluntary exit plan that was launched last month, aiming to cut...

Two Greek Banks Request Emergency Liquidity Assistance

Two major Greek banks have submitted requests to the Bank of Greece for cash via the emergency liquidity assistance (ELA) system on Thursday, according to...

More Than 40 Greek Hotels to be Auctioned off in 2018

More than 40 hotels all over Greece are expected to be sold in 2018 with high and non-performing loans being the main reason for...

Cypriot Bank Chief Says Money Won’t Flee

While Cyprus is keeping a tight rein on depositors and limiting how much they can take out of the bank, apart from those who...

ESM’s Regling Warns of Greek Banking System Collapse Without Third Bailout

European Stability Mechanism (ESM) head Klaus Regling has warned of a collapse in the Greek banking system if the country does not secure a third...

Piraeus Bank to Quit European Aid in 2018

Piraeus Bank has significantly reduced its reliance on the European Central Bank's Emergency Liquidity Assistance (ELA), and plans to fully eliminate it in 2018,...

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