One Million Greeks Made Mobile Banking Transactions in 2017

More than one million Greeks made mobile phone banking transactions in 2017, almost double than the 550,000 in the previous year, according to figures...

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...

Greece to Recruit Cash Sniffing Dogs to Sniff Out Tax Evaders

  A post on a Greek government website on Wednesday said that the Finance Ministry will be forming a committee to put together a team of specially...

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...

Stournaras Warns of Penalties for Banks With Non-performing Loan Exposures

Bank of Greece's Yannis Stournaras has issued a stern warning to banks over non-performing loan (NPLs) exposures. On Monday a published interview with the Financial...

Mission (Almost) Impossible: Getting a Loan from a Greek Bank

Liquidity in the Greek economy has reached new lows as banks are unable to reduce bad loans that have reached 105 billion euros. According to...

Greek Bond Swap Offer Reaches 86% of Shareholders

Greece has successfully completed a 30 billion euro voluntary bond swap aimed at boosting the liquidity of a thinly traded government paper issued after...

‘Red’ Loans Management to Unsettle Greek Parliament

The hot issues of 'red' loans management and the privatization of the Independent Power Transmission Operator (ADMIE) will be tabled in Greek Parliament on...

German FinMin: Greece Must Have Privatization Fund Management in Place by Year End

German Finance Minister Wolfgang Schaeuble said that Greece must have the management of its privatization fund in place by the end of 2016, Reuters...

Greece Has €5.26 Billion Euros of Gold Reserves, Half of Which is Abroad

Greece reported having some 149.1 tonnes of gold reserves at the end of 2016 amounting in the value of 5.26 billion euros, according to...

Reuters: Piraeus Bank CEO says Central Bank Audit Findings ‘Firmly Behind Us’

Piraeus Bank has rectified internal control deficiencies that emerged in a recent central bank audit, the chief executive of Greece's largest lender said on...

Greeks Splashed Out On Card Payments Over Holidays

Piraeus Bank has said Greeks’ use of plastic money during the Christmas and New Year holidays rose to new record highs, evidence of a...

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