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...

In accordance to its last bailout package, Greece has had to put laws in place that make it easier to restructure or reclaim assets to get rid of defaulted financial loans more quickly; something in which foreign investors are...

Greek banks have been dealt an upgrade by the ratings agency Standard and Poor’s (S&P) on Tuesday. The upgrade from the agency for Greek banks Alpha, Eurobank, National and Piraeus Bank from selective default (SD) to CCC+, came after a "significant"...

Piraeus Bank Group chairman Mihalis Sallas on Wednesday announced his decision to retire as chairman of the board after 25 years. Addressing a board meeting, Sallas said that despite a positive review from the Financial Stability Fund “I have reached...

Bank of Greece Governor Yiannis Stournaras announced a proposal submitted to Greece's creditors on Monday by the Greek Ministry of Finance that calls for a loosening of capital controls. During a discussion on the Bank of Greece report on...

Members of the Hellenic Financial Stability Fund have tendered their resignation to be made effective on July 18, 2016. The decision was made so as to ease the future choices concerning the role that the HFSF will play in...

Greek Finance Minister Euclid Tsakalotos reportedly sent a letter to his Eurozone counterparts, ahead of a Eurogroup meeting on Monday, warning that it is not possible for contingency measures worth 3.6 billion euros to be imposed. The letter, exposed by...

Greece and the new Tsipras government have been facing a brutal attack by international creditors. A classic economic war has ensued between a lender and a borrower; with the lender attempting to assert his authority and the borrower demanding loan...

A potential Grexit probably wouldn’t be a major deal for foreign banks, ratings agency Standard & Poor’s said on Tuesday, adding that it doesn't plan to downgrade their ratings. "Given the relatively limited scale of banks’ exposures to Greece, we do not...

The government and Greek banks are considering a change of rules governing the operation of the Tiresias Credit Consolidation System, by introducing a more flexible system in order to stop the rising number of bad loans. In this context, authorities are examining...