banks

On Tuesday, Reuters reported that the sale of Greece's Eurobank unit of the Ukrainian Universal Bank to Ukraine's financial group TAS has been completed. The transaction is reported to have completed on December 23 and was in line with Eurobank's...

Data released by the Bank of Greece (BoG) on Tuesday shows that in November of 2016 the country's emergency bank funding (ELA) dropped some 2.8 percent, or €1.3 billion. The most recent numbers from the BoG show that the emergency...

It appears that the Greek government lifting controls this summer on new money entering bank accounts has done very little to actually impact the growth of deposits in banks, the Bank of Greece (BoG) says. According to the latest numbers,...

The focus of settling non-performing loans (NPLs) should be focused on corporate loans which have reached around 65 billion euros, not primary residences, according to the latest statements by the chair of European Central Bank’s Single Supervisory Mechanism (SSM),...

The Greek Council of Appeals Court on Tuesday reached a verdict concerning the extradition of Greek businessman Michael Zolotas to Cyprus. Zolotas is allegedly connected to a bribe paid by his company to former Cypriot Central Bank governor Christodoulos...

The Governing Council of the European Central Bank approved a request by the Bank of Greece to lower the ELA-ceiling for Greek banks to 51.1 billion euros, up to and including Wednesday, November 16, 2016. The reduction of 700 million...

Banks want foreclosures to be carried out electronically so as to avoid tension caused by a growing movement of angered citizens that block repossessions at courts. The idea would mean that notaries, which bear the main brunt of citizens'...

The government is continuously requesting debt relief for Greece, government vice-president Yiannis Dragasakis said on Tuesday while speaking at a conference of the Greek Tourism Confederation (SETE). “The government ceaselessly demands a settlement of its debt issue, as the agreement itself...

On Monday Moody's said that a reduction of non-performing loans and of operating spending by Greek banks was a "credit positive" move for banks. In its Moody's Credit Outlook, the credit rating agency said that the four largest Greek banks...

According to sources, four systemic banks in Greece recorded new non-performing loans (NPLs) provisions in Q2, showing a significant increase from Q1. The four banks of Piraeus, National, Alpha and Eurobank all recorded provisions by lenders of some 1.04 billion...