Bank of Greece

With Greek banks still reeling from big losses imposed by the government in a desperate bid to write down its staggering $460 billion debt, shareholders at Eurobank have voted to accept a buyout offer from the National Bank of...

Greece’s biggest financial institution, the National Bank of Greece said it is going to eliminate 2,000 jobs, or about 15 percent its workforce to create savings needed by its acquisition of Eurobank, one of the country’s four largest lenders. Beset...

The scandal of the failed Proton Bank that has led to fraud and embezzlement charges being filed against its former main shareholder and 30 others has grown with the arrest of the Chief Financial Officer of one of Greece’s...

The greatest luxury Greek hotels have drawn the attention of investors both in Greece and abroad, especially from Germany and Turkey.  According to Euro2day, a strong Greek and foreign presence in on its way, aiming to purchase many hotels,...

Greece's more than century-old Hellenic Postbank faces a big change - over the protest of its workers - after the newspaper Kathimerini reported that Greece’s creditors approved a plan to have its healthy assets absorbed by the  Hellenic Financial...

Whacked by big losses from government-imposed debt write-downs on investors that means they will need a recapitalization of some 50 billion euros ($66 billion) Greek banks are also staggering under the weight of 46.8 billion euros ($61.8 billion) in...

Despite on-again, off-again pronouncements from the government that it’s serious about improving the tourism infrastructure and devising new campaigns to lure visitors, Greece’s tourism receipts fell 4 percent in the first 10 months of 2012, hurt by continuing social...

Hammered by austerity measures that have made Greeks slow spending almost to a standstill, and with transportation strikes preventing customers from getting into downtown Athens, Greek retailers are set to see Christmas and New York holidays sales drop at...

Greek officials said on Dec. 12 they need an additional 1.29 billion euros ($1.68 billion) to finish a plan to buy back 30 billion euros ($31.9 billion) because the government had to offer a higher than expected price to...

Although crushing austerity measures have hurt workers, pensioners and the poor across the board and Greece is struggling to get out from under a mountain of $430 billion in debt, the Bank of Greece nonetheless expects the economy will...