Deposits Outflow
Economy
Every Greek has an Average of 3 Bank Accounts, Almost €29 Bln Fled in 5 Months
Greeks have a total of 34,715,719 bank accounts, which means that every Greek possesses an average of three bank accounts. Also, Greeks have withdrawn 28.81 billion euros in the November 2014-March 2015 period, according to a Capital.gr report.
According to...
Economy
7-Billion-Euro Deposits Outflow from Greek Banks
Deposits outflow from Greek banks continued in April, reaching a total of 7 billion euros, according to Bloomberg. However, the European Central Bank (ECB) increased its emergency liquidity assistance (ELA) in order to support the Greek banks.
“The ECB’s Governing Council opted...
Economy
ECB to Raise Emergency Funding for Greek Banks
The European Central Bank (ECB) greenlit funding for Greek banks amounting to 68.8 billion euros via the Emergency Liquidity Assistance (ELA) support mechanism. ECB's 25-member board of directors, which held a meeting in Nicosia, Cyprus, decided to increase Greece's funding...
Business
Reuters: Greek Banks Offloading Shipping Debt to Shore Up Capital
Greek banks are considering offloading part of their shipping debt portfolios worth billions of dollars in a bid to shore up their capital, Reuters stressed citing banking and ship-financing sources.
Earlier this week, Athens has secured a four-month extension of its...
Economy
BoG Governor Stournaras: ECB's Decision Can be Lifted
The Governor of Bank of Greece (BoG) and former Finance Minister Giannis Stournaras appeared confident today that the Greek banks' liquidity is absolutely guaranteed and that the deposits are completely secured.
In a meeting with the SYRIZA-led government Vice President,...