Greek Banks

A set of highly alarming predictions about the future of the Greek banking system were revealed today by the outgoing Parliament Budget Office head, Panagiotis Liargovas. In an interview with Skai TV, the economist; whose term in the Parliament Budget...

The European Central Bank lowered the cap on Emergency Liquidity Assistance (ELA) Greek banks draw from the domestic central bank by 1.1 billion euros to 25.8 billion euros, the Bank of Greece said on Thursday. The move reflected improved liquidity...

German news daily Handelsblatt, taking a look at the Greek economy, has come to the conclusion that despite the obscene amount of loans the country has received since the start of the financial crisis, it is still a long...

Greek banks have shown progress in tackling a stockpile of non-performing loans, Bank of Greece governor Yannis Stournaras said on Friday, but added that it would remain a challenge for the country. Greek banks are saddled with 103 billion euros...

Finance minister Euclid Tsakalotos has warned his party's MPs that if foreclosed home auctions don't resume, Greek banks could be facing recapitalization issues. Speaking to SYRIZA parliamentarians, Tsakalotos was referring to the notaries' announced abstention from duty until December 31,...

The European Central Bank's stress test of Greek banks is still expected to be completed in May despite a delay in a pan-European check. The Greek stress test, aimed at uncovering any shortage of capital before Greece leaves its 86...

Greek banks plan to add strategic bad debtors to an e-auction platform, which is due to begin operating by the end of November, bank sources said on Monday. Such payers have significant incomes and property assets and are capable...

All residences valued at 300,000 euros or less will be exempt from foreclosure auctions using the new electronic platform, according to an agreement reached by Justice Minister Stavros Kontonis and Greek banks on Wednesday. The exemption will apply for...

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 the next several years, is especially expected to hurt Greek banks. Eurozone banks are sitting on...

Poul Thomsen, Director of the European Department of the IMF, said there are "no concerns" about the stability of Greek banks and an asset quality review (AQR ) is not necessary, in an apparent shift on IMF’s previous statements. Earlier,...