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Piraeus Bank Presents Healthy Outlook as it Cuts Exposure to Bad Loans

Piraeus Bank, one of Greece's four biggest lenders, reported a significant drop in its exposure of bad loans on Friday. “Our NPE (non-performing exposures) reduction...

Greece Repays Expensive IMF Loans Early

Greece has completed the early repayment of the high-interest part of an outstanding International Monetary Fund loan worth 2.7 billion euros ($2.9 billion) on...

European Stability Mechanism Approves Athens' Request for Early Repayment of IMF Loans

The European Stability Mechanism (ESM) on Monday approved an early partial repayment of Greece's outstanding loans to the International Monetary Fund (IMF). At the same...