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Piraeus CEO: Greek Banks to Significantly Reduce Bad Loans by 2021 (VIDEO)

The high level of bad loans in Greece is still the largest economic issue that the embattled nation needs to focus on, the head...

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...
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Piraeus Bank Returns to Profitability, Says CEO Christos Megalou

Piraeus Bank CEO Christos Megalou says that Greece’s largest lender is returning to profitability in an exclusive interview with the Greek Reporter. Speaking at the...

Piraeus Bank to Quit European Aid in 2018

Piraeus Bank has significantly reduced its reliance on the European Central Bank's Emergency Liquidity Assistance (ELA), and plans to fully eliminate it in 2018,...

Attica Bank Sells Non Performing Loans Portfolio

Non-systemic Greek lender Attica Bank has announced the sale of a non-performing loan (NPL) portfolio, a development that was approved by the Bank of...

Seven Funds Express Interest in Attica Bank’s NPLs

Seven funds expressed interest in managing Attica Bank’s mostly businesses' non-performing loans (NPLs), which amount to about one billion euros, according to sources on...

Finance Issues, Labor Reforms, Settling NPLs Discussed During First Round of Talks With Institutions;...

On Thursday, the government concluded the first round of negotiations with the institutions on the second program review, Finance Minister Euclid Tsakalotos said on Thursday,...

BoG: Financial Crisis Causing Property Prices to Free-Fall

Property prices are in free-fall, with apartment prices down 41.4% in the 2006-2016 period, Theodoros Mitrakos, vice-governor of the Bank of Greece (BoG) said...

Private NPLs Exceed Greece’s GDP

There is a steep Greek debt in private loans in comparison with the country's GDP, the Greek newspaper Kathimerini reports. According to the news source,...

Yiannis Stournaras Says Greek Banking System Shielded and Views Greek Economy as Positive

Bank of Greece governor Yiannis Stournaras said the Greek banking system is shielded from developments at Deutsche Bank and there is no reason for...

Moody’s: Reduction of NPLs ‘Credit Positive’ for Greek Banks

On Monday Moody's said that a reduction of non-performing loans and of operating spending by Greek banks was a "credit positive" move for banks. In...

Government Extends Ban on Sale of NPLs Until May 15

The Greek government extended on Monday the current ban on selling non-performing loans (NPLs) to funds until May 15 through an amendment tabled by...

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