Tag: Bank

Deutsche Bank: Low quality of life for Athenians
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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…

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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…

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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…

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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…

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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…

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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.…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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…