Bank of Greece

Two major Greek banks have submitted requests to the Bank of Greece for cash via the emergency liquidity assistance (ELA) system on Thursday, according to Kathimerini daily. The move of the two banks came after the pressing liquidity conditions resulting from the...

Bank of Greece said on Sunday that deposit outflows from the country are under control, in an effort to reassure markets two weeks before snap elections. With SYRIZA leading steadily in opinion polls, there have been many news reports in...

Greece’s financing plan extension will come to an end on February 28, in accordance with the Eurogroup decision from December 8. After the failure to elect a new Greek President and the elections of January 25, troika is considering...

Greece 's central government cash balance deficit shrank to 2.842 billion euros in the January-November period, from a deficit of 9.964 billion euros in the corresponding period last year, the Bank of Greece said on Monday. The central bank, in...

Sources from Bank of Greece say that several wealthy businessmen have allowed their companies to lapse into over-indebtedness. According to a Kathimerini daily report, one in ten bad debtors in Greece have large bank accounts. Banks estimate that non-performing loans...

Greeks had transferred abroad about 115 billion euros between late 2009 and end of June 2012 -- the first year that signs of restoration of the Greek economy appeared. According to a survey by the Bank of Greece published in...

The Bank of Greece refuted earlier today a report by German financial newspaper Handelsblatt that the troika of international lenders gave an ultimatum to Greece that the European Central Bank will stop liquidity to Greek banks unless Athens and...

Former Bank of Greece president Giorgos Provopoulos said in a television interview that Greece had no clear bailout plan from the beginning and that in 2012 there was a "plan B in case of a bank panic." Provopoulos said that...

Greece has the ability to use the remaining 11.5 billion euros from its bank rescue fund as a preventive support line when it exits its European Union / International Monetary Fund (IMF) bailout program, Bank of Greece (BoG) Governor Yannis...

Even in the current climate of economic reform overtaking Athens, tax evasion rates remain startlingly high in Greece, with an estimated one in four economic transactions going unrecorded. In fact, a recent report conducted by Stephen Hall, an adviser to...