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Survey Finds Older Greeks Overwhelmingly Prefer In-Person Banking

According to a recent survey undertaken by the Active Citizens Fund program, a majority of Greek people over the age of 60 prefer to...

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...

EU Warns of “Potential Instability” in Greek Banking Sector

Valdis Dombrovskis, Vice President of the European Commission, warned on Sunday of "potential instability" in Greece's recovery due to its increasing amount of non-performing loans...

Greece’s Private Sector Bank Deposits Drop for Second Month

Greece's private sector bank deposits dropped for two consecutive months, in October and November of 2018, according to data released by the central bank of Greece...

Report: 4.8 Million Confiscations of Bank Accounts Between 2015-18

According to a study published by the Greek Ombudsman, the Greek state has increased the number of confiscations of bank deposits in recent years,...

OPINION: Bankers and Gangsters

The Jordanian people took to the streets for three days and nights in protest against a new austerity tax bill forcing Prime Minister Hani...

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...

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...

BoG: Deposits Down by Over 2.4 Billion Euros in 2017; April Sees Credit Expansion

  The latest reports from the Bank of Greece (BoG) show that deposits have declined by more than 2.4 billion euros in the first four months...

Cyprus Church Considering Setting Up Own Bank

On Tuesday, Cyprus' Orthodox Church leader, Archbishop Chrysostomos II told state broadcaster RIK that the Church is considering setting up its own bank. The idea...

Ten Former Attica Bank Officials, Employees, Charged With Breach of Duty Over Loans

Ten former bank officials and employees of Attica Bank have been charged with breach of trust against a banking institution by a corruption prosecutor...

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...

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