banking

Bank of Greece's Yannis Stournaras has issued a stern warning to banks over non-performing loan (NPLs) exposures. On Monday a published interview with the Financial Times quotes Stournaras issuing a warning to banks who are unsuccessful at lowering their NPLs saying...

The Bulgarian subsidiary of the National Bank of Greece (NBG) is up for sale, according to banking industry sources who have reported that there are currently two bids to buy the bank. United Bulgarian Bank (UBB) is valued at 1.32...

The majority of revenues of Greek luxury real estate transactions acquired by foreign nationals remain in banks outside of Greece, sources have reported. In fact, according to Yiannis Ploumis who is the general director at the Ploumis-Sotiropoulos real estate agency...

According to sources, there is a plan in the making to drive Greeks to use their credit cards to make purchases. The government has a 12 point plan as a part of a long-awaited bill with incentives to increase...

On Thursday the National Bank of Greece elected Panayiotis Thomopoulos as its new chairman, replacing chairwomen Louka Katseli. Thomopoulos is the former deputy governor of the Bank of Greece and the former chairman of the Hellenic Financial Stability Fund.

According to data recently released by Alternative Finance Minister Tryfon Alexiadis to the Greek Parliament, sifting through the long list of tax dodgers from the so-called Lagarde list is going at an extremely slow rate. Alexiadis says under-staffing and difficulty closing cases...

Property prices are in free-fall, with apartment prices down 41.4% in the 2006-2016 period, Theodoros Mitrakos, vice-governor of the Bank of Greece (BoG) said on Thursday. Addressing a real estate conference, Mitrakos said nominal prices for office space and high-standard...

Delphi Bank has a new leader, Jim Sarris who has been appointed the head of the bank following a career in the banking sector that has spanned some 20 years. As the new head of Delphi, Sarris is looking to strengthen the...

There is a steep Greek debt in private loans in comparison with the country's GDP, the Greek newspaper Kathimerini reports. According to the news source, as they break it down the numbers are staggering. The amount that totals in expired private...

The Greek Parliament is aiming to table two bills in October regarding taxpayers who reveal hidden income, Kathimerini has reported. According to the Greek newspaper, an unnamed top Greek official has revealed that the government is detailing the framework for...