EXIN Buys 75% of Ethniki Insurance in 718 Million Euro Deal

The acquisition of 75% of the Ethniki Insurance, a subsidiary of the National Bank of Greece (NBG), was announced by the Dutch EXIN, which...

Greek Foreclosure Conditions Set

With criticism within the ruling parties mounting over a plan to let banks seize even the primary homes of people who haven't been paying...

Non-Performing Loans at Greek Banks Receive Boost by Lenders

According to sources, four systemic banks in Greece recorded new non-performing loans (NPLs) provisions in Q2, showing a significant increase from Q1. The four banks...

Bundesbank Optimistic About the Future of Greece’s Economy

Germany's Central Bank, the Bundesbank, expressed an optimistic outlook on the Greek economy on Monday, Reuters reported. The Eurogroup agreed to a three-year 86-billion-euro bailout deal on Friday....

2017’s Low Deposit Rate Has Brought a ‘Credit Negative’ Event to Greek Banks, Moody’s...

Since the beginning of 2017, Greek bank deposits have been down, causing the international rating agency, Moody's, to call the first couple months of...

SSM Nouy: Prioritizes Settling Corporate NPLs Before Primary Residences

The focus of settling non-performing loans (NPLs) should be focused on corporate loans which have reached around 65 billion euros, not primary residences, according...

ECB Raises Greek Banks’ ELA Ceiling by 500 Million Euros

The European Central Bank (ECB) has increased the Emergency Liquidity Assistance (ELA) provided to Greek banks by 500 million euros, to 80.7 billion euros...

Schaeuble Says Greece Needs 3d Bailout

German Finance Minister Wolfgang Schaeuble said on Aug. 20 during a campaign stop to help Chancellor Angela Merkel's re-election bid next month that two...

European Central Bank Approves Reopening of Athens Stock Exchange

The European Central Bank (ECB) approved on Tuesday a modified plan, submitted by the Greek government, to reopen the Athens Stock Exchange (ASE), a month after it was...

More Greek Businesses Deposit Their Money in Bulgarian and Romanian Banks

Bank deposits of Greeks in Bulgaria and Romania increased by 10% and 8% respectively while in Greece deposits dropped by 23% in 2015, the...

Cyprus “Bail-In”Could Wipe Out Investors

A pending bailout for Cyrus, whose banks were brought to the edge of default when their holdings in Greek bonds were devalued 74 percent...

Loan Interest Rates Drop 1-1.5%

The National Bank of Greece decreased business loans interest rates by 1.5 percent. A relevant decision is expected to be taken regarding other kinds...

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