Tag: banks

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State could lose all of its investment in banks

makis - Jan 04, 2017

The Greek state is close to losing the 25 billion euros it paid to save the Greek banking system, as the bank warrants issued during the first…

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SSM email halts Piraeus’s CEO selection

Panos - Dec 15, 2016

Wednesday’s Piraeus Bank board meeting, during which a new chief executive officer was supposed to be elected for the lender, was unexpectedly suspended as an email from…

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ELA ceiling drops anew for Greek banks

makis - Dec 08, 2016

The European Central Bank lowered the cap on emergency liquidity assistance (ELA) Greek banks draw from the domestic central bank by 200 million euros to 50.7 billion…

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Institutions urging banks to address NPL management

makis - Nov 10, 2016

Brussels and Berlin have warned that unless the Greek banks take initiatives to address the management on non-performing loans, they will not fund any recapitalization efforts. As…

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ECB reduces ELA ceiling for Greek banks to €51.1bn

makis - Nov 03, 2016

The Bank of Greece has announced that the Governing Council of the European Central Bank has reduced the ceiling of Emergency Liquidity Assistance (ELA) for Greek banks…

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Stournaras: Greek banks safe from Deutsche impact

makis - Sep 30, 2016

The Greek and international banking systems are “safe” and tools are in place to protect them from any impact from the crisis engulfing Deutsche Bank, Greek central…

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Greek banks plan to restructure ‘bad house loans’

Panos - Sep 09, 2016

Greek banks are considering restructuring non performing loans (NPLs), as the alternative option of selling them off to funds is estimated to generate large losses. Sources say…

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Depositors still wary of banks

Sokratis - Aug 20, 2016

Bank officials are not expecting a significant return of deposits as long as capital controls remain in place. The recent relaxation of controls, which allows the withdrawal…

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Bank executive review concludes – Eurobank and Alpha best organized

Panos - Jul 08, 2016

US-based global executive search and leadership consulting firm Spencer Stuart has reportedly concluded its evaluation of Greek bank executives on behalf of the Hellenic Financial Stability Fund…

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Banks mulling special NPL vehicles

Sokratis - Jun 04, 2016

Greece’s core banks are considering the creation of special purpose companies which will receive large portfolios of nonperforming loans and then be sold so that they stop…

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First non-performing loans to be assigned to US funds

Panos - May 17, 2016

Eurobank and Alpha Bank will assign by 50% each the management of credit and equity exposures to a selected number of Greek companies into a platform managed…

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Greek bank deposits drop for third month in a row in March

Panos - Apr 27, 2016

Greek bank deposits fell in March for the third month in a row, data released by the country's central bank showed on Wednesday. Business and household deposits…

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ELA funding for Greek banks falls by 1.79 bln euros

makis - Apr 14, 2016

Emergency central bank funding to Greek lenders fell by 2.6 percent or 1.79 billion euros in March compared to the previous month, Bank of Greece data showed…

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ECB lowers ELA borrowing ceiling for Greek banks‏

makis - Jan 21, 2016

The European Central Bank further lowered the borrowing ceiling for Greek banks from the Emergency Liquidity Assistance mechanism (ELA), accepting a request made by the Bank of…

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Piraeus Bank hires Egon Zehnder as advisor in search of new CEO

Panos - Jan 18, 2016

Piraeus Bank on Monday said it has hired Egon Zehnder as an advisor for the selection of a new chief executive officer from Greece and abroad after…

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ECB lowers borrowing ceiling for Greek banks

Panos - Jan 14, 2016

European Central Bank further lowered the borrowing ceiling for Greek banks through the Emergency Liquidity Assistance mechanism (ELA) to 72 billion euros, the Bank of Greece said…

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Yannis Stournaras: Government’s social security reforms are in the right direction

Panos - Jan 13, 2016

The government's proposals on social security reforms are moving in the right direction, Bank of Greece (BoG) governor Yannis Stournaras late on Tuesday said in an interview…

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Greek economy to return to positive growth rates in 2016, Piraeus Bank chairman says

Panos - Jan 12, 2016

A timely completion of the first review of the Greek programme and a dynamic implementation of a privatization programme, combined with a new development law by the…

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Capital market commission extends ban in short selling on Attica Bank shares

Panos - Jan 12, 2016

Greece's Capital Market Authority on Tuesday announced it was extending a ban in short selling on Attica Bank's shares in the Athens Stock Exchange as the bank…

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Eurobank Securities most active firm in 2015‏

Panos - Jan 06, 2016

Eurobank Equities topped the list of the most active securities firms in the Athens Stock Exchange in 2015, with market share of 17.06 pct, followed by Euroxx…