Tag: Bank

Deutsche Bank: Low quality of life for Athenians
GREECE
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GREECE
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Deutsche Bank: Low quality of life for Athenians

Panos - May 21, 2019

The city of Athens rankled relative;y low in terms of quality of life, even though it has climes some spots in relation to previous years, according to…

Greek central bank insists on liberal reforms, measures to boost recovering economy
FINANCE
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FINANCE
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Greek central bank insists on liberal reforms, measures to boost recovering economy

Panos - Dec 27, 2018

The Bank of Greece's (BoG) interim report on monetary policy (2018) this week again insisted on agreed-to reforms as well as a pro-business, pro-market policies to boost…

Bank shares crash in Athens stock market
GREECE
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GREECE
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Bank shares crash in Athens stock market

makis - Oct 03, 2018

The Athens stock exchange is under pressure, as the value of bank shares have dropped. Piraeus Bank is plummeting losing 29% and stands at 1.161 Euros, while…

These are the countries where people lack access to bank accounts
FINANCE
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FINANCE
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These are the countries where people lack access to bank accounts

Panos - Jun 12, 2018

In most developed countries, people take their back accounts for granted. Their money is held securely, there’s always an ATM close at hand and digital payments are…

Reuters: Greece plans to create a state development bank in 2018
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FINANCE
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Reuters: Greece plans to create a state development bank in 2018

Panos - Jul 11, 2017

Greece is eyeing the creation by mid-2018 of a state development bank that would lend to small and medium-sized enterprises (SMEs) to aid the recovery from its…

President of the Greek banks expresses concerns over non-performing loans
FINANCE
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FINANCE
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President of the Greek banks expresses concerns over non-performing loans

makis - Apr 11, 2017

The President of the Hellenic Bank Association, Nikos Karamouzis expressed his grave concerns about the dangers for the country’s systemic banks in relation to the non-performing loans.…

ELA for Greek banks dropped 700 mln last month
FINANCE
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FINANCE
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ELA for Greek banks dropped 700 mln last month

makis - Apr 11, 2017

Emergency central bank funding to Greek lenders dropped by 700 million euros, or 1.6 percent, in March compared to the previous month, Bank of Greece data showed…

Contraction of credit continues unabated
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FINANCE
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Contraction of credit continues unabated

makis - Mar 27, 2017

Bank of Greece figures revealed on Monday a further contraction in the financing of the Greek economy last month, a result of the general uncertainty hanging over…

ATHEX: National Bank drags bourse index lower
FINANCE
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FINANCE
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ATHEX: National Bank drags bourse index lower

makis - Mar 20, 2017

The losses sustained by bank stocks at the start of the trading week weighed on the Greek bourse benchmark in what was a rather nervous session in…

Greece’s National Bank agrees to sell South African unit
FINANCE
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FINANCE
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Greece’s National Bank agrees to sell South African unit

makis - Mar 07, 2017

Greece’s second-largest lender National Bank (NBG) agreed to sell its entire 99.8 percent stake in its South Africa Bank of Athens (SABA) subsidiary to AFGRI Holdings as…

ELA funding to Greek banks declines 2 pct
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FINANCE
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ELA funding to Greek banks declines 2 pct

makis - Mar 01, 2017

Emergency central bank funding to Greek lenders fell by 900 million euros, or 2 percent, in January compared to the previous month, Bank of Greece data showed…

Bank deposits at a record low since 2001, shows Bank of Greece data
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FINANCE
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Bank deposits at a record low since 2001, shows Bank of Greece data

makis - Feb 28, 2017

Bank deposits are at their lowest levels since 2001, according to the Bank of Greece (BoG). The figures released by the BoG revealed that deposit outflows of…

Bank of Greece disputes IMF view on capital buffer
FINANCE
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FINANCE
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Bank of Greece disputes IMF view on capital buffer

makis - Feb 08, 2017

Greece’s central bank is disputing the International Monetary Fund’s view that the country’s banks need a 10-billion-euro capital buffer to cover any further bailout support, saying the…

Search for Greek bank rescue fund CEO ongoing
FINANCE
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FINANCE
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Search for Greek bank rescue fund CEO ongoing

makis - Jan 02, 2017

Greece’s HFSF bank rescue fund is seeking new applications for the role of chief executive after two previous candidates turned down the job because they feared it…

National Bank of Greece sells Bulgarian subsidiaries
FINANCE
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FINANCE
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National Bank of Greece sells Bulgarian subsidiaries

makis - Jan 02, 2017

National Bank of Greece agreed to sell a 99.1 percent stake in its Bulgarian unit United Bulgarian Bank (UBB) and its fully owned leasing subsidiary Interlease EAD…

Bank deposits rebound to exceed 127 bln euros
FINANCE
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FINANCE
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Bank deposits rebound to exceed 127 bln euros

makis - Dec 23, 2016

The year is ending on a positive note for Greek banks as, according to credit sector officials, the amount of deposits in the local system increased by…

Piraeus Bank to appoint new CEO on 14 December
FINANCE
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FINANCE
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Piraeus Bank to appoint new CEO on 14 December

makis - Dec 09, 2016

The president of the Piraeus Bank group Giorgos Hatzinikolaou announced that the nomination process for a new bank CEO concluded on Thursday, with full observance of corporate…

Major tension between the HFSF and National Bank of Greece
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FINANCE
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Major tension between the HFSF and National Bank of Greece

makis - Nov 08, 2016

The Hellenic Financial Stability Fund convened on Monday evening and did not reach a conclusion on its stance regarding the appointment of a new president at the…

Greek authorities receive new list of 475 overseas bank accounts
FINANCE
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FINANCE
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Greek authorities receive new list of 475 overseas bank accounts

makis - Oct 11, 2016

About ten days ago the International Economic Relations office of the Ministry of Finance received a new list of 475 accounts belonging to Greek nationals, by its…

Slow Greek Courts Lag Behind in Rulings With 50-Month Verdict Delays
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FINANCE
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Slow Greek Courts Lag Behind in Rulings With 50-Month Verdict Delays

chris1 - Oct 09, 2016

Greek courts take an average of 1,580 days or 50 months to reach a final ruling in a case, placing it in the 155th position in the…