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banks

Reports Say Greek Banks to Axe Up to 4,000 Jobs in 2019

Greek banks are expected to cut up to 4,000 positions during the year 2019, various outlets in the Greek media reported on Monday. Most of the reductions, as has happened in the past, are not expected to come through outright...

Greek Parliament Votes in Favor of New Primary Residence Protection Bill

The Greek Parliament approved on Friday the new Primary Residence Protection bill which came up for discussion in the Parliament on Wednesday. Out of 231 MPs who participated in the vote, 194 voted in favor of Article 68, which incorporated...

Piraeus Bank, Berliner Sparkasse Join Forces to Support Greek Entrepreneurs

Piraeus Bank has entered into a credit agreement with Berliner Sparkasse to help Greek companies which have a business relationship with German enterprises in the greater Berlin area. Berliner Sparkasse is one of the largest savings banks in Germany, and Piraeus...

No Agreement on Primary Residence Protection Delays Eurozone Cash to Greece

The Euro Working Group concluded its meeting on Monday night without an agreement on when the Eurozone will release the first tranche of approximately one billion euros to Greece. This amount of money is the first tranche of approximately €4.8...

Eurogroup Postpones Decision on Cash Disbursement to Greece

European officials postponed the decision on whether or not Eurogroup will authorize the already-agreed upon disbursement of cash to Greece until the next Euro-working group in March 25. The Eurogroup postponed the decision on disbursement because of a delay in...

Greece to Expand ''Golden Visa'' Granting Criteria

The Greek Ministry of the Economy brought a bill to the Parliament on Friday, with which it intends to broaden the criteria of the ''Golden Visa'' program. After the bill is voted on, the Greek State will be able to...

Piraeus CEO: Greek Banks to Significantly Reduce Bad Loans by 2021 (VIDEO)

The high level of bad loans in Greece is still the largest economic issue that the embattled nation needs to focus on, the head of Piraeus Bank told the American television network CNBC on Monday. Christos Megalou said that there...

Greek Government to Subsidize Rent For 300,000 Poor Families

The Greek Ministries of Labor and Finance are expected to co-sign a framework to establish a rental subsidy plan for more than 300,000 families having low incomes. Applications for the new program will be submitted online, and the Greek Government's...

Greek Banks Ready To Agree on New Home Protection Plan

The Hellenic Bank Association is ready to agree with the Greek government on a new plan which aims to protect the primary homes of property owners. Just as importantly, the new  plan will not create any unwanted financial side-effects,...

Greece's Eurobank Buys Out Property Firm in €780 Million Deal

Greece’s third-largest lender Eurobank announced a deal on Sunday to buy Grivalia Properties in an effort to boost the bank’s capital and speed up the reduction of bad loans. The Athens News Agency says that the 780 million euro ($886...