banks

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 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...

The Greek government has announced a further easing of capital controls effective from Friday. The withdrawal limit from bank accounts will be raised to €2,300 ($2,870) from the current limit of €1,800 per month and restrictions on opening new accounts...

Greece is now better equipped to achieve economic growth in the future after the structural reforms it has implemented due to the bailout terms, the head of the International Monetary Fund (IMF), Christine Lagarde, told German broadcaster ARD. "We can...

Increasing number of indebted Greek homeowners express concern about the fate of their property, despite assurances by the Greek government that primary homes will be protected. Foreclosure e-auctions, is perhaps the theme that could dominate the Greek political and social...

Outgoing Eurogroup chief Jeroen Dijsselbloem acknowledged on Thursday that Greece’s creditors put too much emphasis on saving the banks at the expense of ordinary taxpayers. In an exchange of views on Greece in the European Parliament's Employment and Social Affairs...

The Independent Public Revenue Authority is expected within September to receive data on bank accounts held by Greek citizens in 49 countries. In exchange, Greek banks will send the data to the tax authorities of partner countries on accounts held...

The Greek government will set up a development bank to fund infrastructure projects, start ups, small businesses and export oriented companies, the government's economic policy council announced on Friday. The Hellenic Development Bank will be a state lender that...

Since the beginning of 2017, Greek bank deposits have been down, causing the international rating agency, Moody's, to call the first couple months of the year a "credit negative" event for Greece. Back in January, the Bank of Greece (BoG)...

Greek banks' deposits by individuals and enterprises fell 1.5 billion euros in January to 119.7 billion euros, from 121.4 billion in December 2016, the Bank of Greece said on Tuesday. The central bank, in a report, said that corporate deposits...