‘Lagarde List’ Scandal Takes a New Twist

Years after the tax fraud scandal with the Swiss bank accounts known as the "Lagarde list" ignited public indignation in poverty-stricken and financially bankrupt...

Capital Controls Likely to Stay Indefinitely, Says Greek Bank Official

Capital controls in Greece are unlikely to be lifted in the foreseeable future, says a Vima newspaper report, citing a high bank official who...

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...

Piraeus Bank Announces Profits Up 14% in First Half of 2017

One of Greece's major banks, Piraeus Bank, announced on Wednesday that pre-tax profits for the first half of 2017 were 549 million euros, showing...
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Piraeus Bank CEO Christos Megalou: ‘Greece is Heading Towards Normality’

"The banking sector in Greece is at its best since the crisis started in 2009-2010," Christos Megalou, CEO of Piraeus Bank, said in an...

‘Restricted Default’ for Greek Banks: Fitch Ratings

Fitch Ratings downgraded Greek banks to "restricted default" Monday, a day after the Greek government imposed capital controls that include limits on deposit withdrawals...

Greece’s Bank Association Announces Capital Controls Could be Lifted by End of 2016

According to Greece's banking association Greece might be able to lift most or all capital controls by the end of the year. On Saturday, the association said that the...

BoG: Financial Crisis Causing Property Prices to Free-Fall

Property prices are in free-fall, with apartment prices down 41.4% in the 2006-2016 period, Theodoros Mitrakos, vice-governor of the Bank of Greece (BoG) said...

Hellenic Bank Association Says Banking System Stabilized in 2016

The Greek banking sector stabilized in 2016 showing clear signs of improvement, the Hellenic Bank Association (HBA) said in a press release on Tuesday...

IMF’s Thomsen: No Stability Concerns Over Greek Banks

Poul Thomsen, Director of the European Department of the IMF, said there are "no concerns" about the stability of Greek banks and an asset...

Bank of Greece Issues Warning on Bad Loans

The banking system is still susceptible to external financial dangers, the Bank of Greece (BoG) warned in a review of the Greek financial sector...

Der Spiegel: Greek Money Is Moving to Bulgaria

Greek depositors and businesses are relocating their money and their business headquarters to Bulgaria, according to German weekly magazine Der Spiegel. The magazine reported that 14,000...

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