Stournaras: Greece plans to relax capital controls in future

7 July 2016
77 Views

Bank of Greece governor Yiannis Stournaras told German newspaper ‘Handelsblatt’ that Greece was planning relaxing capital controls in the future. Stournaras underlined that the Greek banking institutions were stable, while their indicators demonstrated they had over 16% capital adequacy, one of the largest in the whole of the Eurozone. ‘We want to give people incentives to place their money from under their ‘matrices’ in the banks’, he said. Stournaras added that he saw no reason for further capitalisation, while he warned that a credit event still posed the greatest risk for the Greek banks in reference to the 45.2% non performing loans. The head of the Greek central bank said the goal was to limit non performing loans on Greek bank sheets by 40% in 2019, meaning a reduction from 100bln Euros to 60bln.

You may be interested

Greece Wins Europe’s Best Destination Video by the World Tourism Organization
GREECE
shares27 views
GREECE
shares27 views

Greece Wins Europe’s Best Destination Video by the World Tourism Organization

Panos - Sep 20, 2017

A video highlighting Greece’s natural, historical and cultural assets, was selected as the number one tourist video of a European…

Spectacular Fireworks Display at the Santorini Volcano Festival
GREECE
shares56 views
GREECE
shares56 views

Spectacular Fireworks Display at the Santorini Volcano Festival

Panos - Sep 20, 2017

Tourists lucky enough to be in the Greek island of Santorini last weekend, had the experience of a lifetime as…

Greek Debt Crisis: Why Syriza Continues to Lose
FINANCE
shares46 views
FINANCE
shares46 views

Greek Debt Crisis: Why Syriza Continues to Lose

Panos - Sep 20, 2017

This past August marked the second anniversary of the Greek debt crisis and the third major piling on of debt…

Leave a Comment

Your email address will not be published.