National Bank of Greece Selling Bulgarian Subsidiary

The Bulgarian subsidiary of the National Bank of Greece (NBG) is up for sale, according to banking industry sources who have reported that there...

ECB Report‏: Greek Banks Reduced Number of Branches in 2014

Greek banks significantly reduced the number of their branches in Greece in 2014, the European Central Bank said in a report on Wednesday. Greek bank...

Bank of Cyprus Officials Deleted E-Mails

Two of the beleaguered Bank of Cyprus’ former top executives appear to have deleted critical e-mails to cover their tracks over why they decided...

Provopoulos Says Confidence In Greece Back

Even as he sounded optimistic about a rebound for Greece's economy and growing confidence from investors who had been badly burned in a write-down...

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...

Greece Dares to Hope

The Economist published one more article about Greece on May 4. This article, on a somewhat different wavelength, had the title Greek economy: Daring...

ELA Borrowing Ceiling for Greek Banks Remains Unchanged

European Central Bank's governing council on Thursday approved a request by the Bank of Greece to maintain the ELA borrowing ceiling for Greek banks...

‘Black Thursday’ for 60,000 Greek Borrowers of Swiss Banks

An unexpected development came out earlier today from the Swiss National Bank (SNB). More than three years of stability (since 2011) between the European...

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...

ECB Rejects Greek Request to Reopen Athens Stock Exchange

The European Central Bank (ECB) did not accept the request of the Bank of Greece (BoG) and the Capital Market Commission for reopening the Athens...

Piraeus Bank, EIB, EBDR, Sign €700 Million Investment Deal for Small Greek Businesses

Piraeus Bank, Greece's biggest lender, has signed a new investment deal for small and medium sized companies with the European Investment Bank (EIB), the...

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...

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