Greek HFSF Stability Fund Board Members Tender Resignations

Members of the Hellenic Financial Stability Fund have tendered their resignation to be made effective on July 18, 2016. The decision was made so...

Prominent Greek Businessman Andreas Vgenopoulos Passes Away at 63

Prominent Greek businessman Andreas Vgenopoulos, founder of Marfin Investment Group (MIG), died of cardiac arrest at 3:30 a.m. on Saturday. Vgenopoulos, who was also Chairman...

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...

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...

Greece’s Piraeus Bank Shortlisted for International Award

Greece's Piraeus Bank has been shortlisted for the second year running for an international award in client service. Global Custodian runs an annual survey on...

Piraeus Bank, Intrum Join Forces to Tackle Greece’s Bad Loans

Piraeus Bank, the leading lender in Greece, announced on Monday it has teamed up with Sweden's Intrum for the management of its 27-billion-euro ($30...

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