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Greek Banks See €2.5 Billion Outflow Since January 1
Greek banks saw 2.5 billion euros withdrawn in the first 45 days of the year, while 500 million euros in business and house loans...
Second Review Delay 'Credit Negative' for Greek Banks, Moody's Reports
A delay in concluding a second review of the Greek support program threatens to put at risk the restructuring programs of Greek banks, Moody's...
Greek Banks' NPEs Ease Slightly in Q3 2016
Non-performing exposures by Greek banks eased slightly in the third quarter of 2016, but banks continue facing significant difficulties in the management of NPEs,...
ECB Lowers Borrowing Ceiling for Greek Banks
Greek banks further reduced their borrowing from the Emergency Liquidity Assistance mechanism, the Bank of Greece said on Thursday.
In an announcement, the central bank...
EIB Allocates €1 Billion Credit Line to Greek Banks for SMEs and Youth Employment
On Thursday the European Investment Bank (EIB) dedicated a one billion euro credit line to Greek banks, Reuters reported.
The money is set to be...
Greek Banks’ ELA Funding Drops by €1.3 Billion in November
Data released by the Bank of Greece (BoG) on Tuesday shows that in November of 2016 the country's emergency bank funding (ELA) dropped some...
Greek Banks Propose Tax on Cash Withdrawals to Curb Tax Evasion
Greek banks have proposed taxation of cash withdrawals so that Greeks make more electronic transactions as a measure to curb tax evasion.
The proposal is...
Greek Banks Resume T-bill Interbank Transactions
Greek banks have resumed T-bill transactions in the interbank market after a long period of exclusion, a Kathimerini newspaper report says.
According to the report,...
Moody's Revises Greek Banks' Outlook From Negative to Stable
Moody's Investors Service on Tuesday revised its outlook on Greece's banking system to stable from negative. The stable outlook reflects the rating agency's expectation...
Borrowing Ceiling for Greek Banks Reduced 0.2 Billion Euros by ECB
European Central Bank lowered the borrowing ceiling for Greek banks from the ELA mechanism by 200 million euros, the Bank of Greece said on...