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Greek Priests Embezzle Nearly One Million Euros

Two priests were arrested in Trikala and then convicted by Larissa’s Court of Assize to 18 years and 6 years imprisonment on charges of...

Loan Interest Rates Drop 1-1.5%

The National Bank of Greece decreased business loans interest rates by 1.5 percent. A relevant decision is expected to be taken regarding other kinds...

NBG OK’s Bank Recapitalization Plan

The National Bank of Greece (NBG) has approved has approved a recapitalization plan worth 9.76 billion euros ($12.8 billion), insisting it will raise enough...

NBG, Eurobank, Will Recapitalize Apart

As Greece and envoys from international lenders are still at odds over whether the National Bank of Greece and Eurobank should merge, as the...

Troika Nixes National Bank-Eurobank Merger

After not opposing a merger of Greece's National Bank with Eurobank, the country's internatonal lenders now have asked for it to be stopped, fearing...

Greece’s Big Banks Need Bailout Too

Greece’s four biggest banks have reported they were so battered by losses imposed by a previous government on investors that they will need a...

Qatar Bank Eyes Greek NBG’s Turkish Subsidiary

Finansbank AS, owned by National Bank of Greece SA (NBG), will probably be a target for Qatar National Bank SAQ as the Middle East's...

Cruises Could Fetch Billions, Study Reveals

Greece could be looking at annual revenues of two billion euros from the cruise sector in 2016 if the growth of the sector globally...

Emporiki To Be Recapitalized Before Being Sold

The Greek bank rescue fund told lenders interested in buying Credit Agricole SA's (ACA.FR) Emporiki Bank of Greece business that a deal can only...

Greek Lenders To Get Temporary Capital Boost Ahead of Final Recap

Greek lenders will get a temporary capital boost from the state in the form of bonds until the country finalizes a bank recapitalization plan...

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