Greece
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deposits

Report: 4.8 Million Confiscations of Bank Accounts Between 2015-18

According to a study published by the Greek Ombudsman, the Greek state has increased the number of confiscations of bank deposits in recent years, in an effort to collect taxes and social security contributions. The Greek Ombudsman has received a...

BoG: Deposits Down by Over 2.4 Billion Euros in 2017; April Sees Credit Expansion

  The latest reports from the Bank of Greece (BoG) show that deposits have declined by more than 2.4 billion euros in the first four months of the year, while April's data shows it was the second month of credit expansion. In...

Greek Banks Get Back 800 Million Euros in Deposits

More than 800 million euros in deposits have returned to Greek banks after the latest relaxing of capital controls, almost a month ago. According to exclusive information obtained by the Athens-Macedonian News Agency (ANA) from domestic banking sources, this money...

Bank Deposits Drop in July After a Two Month Rise

Bank deposits in Greece dropped slightly in July after a rise in the previous two months, according to data released by the Bank of Greece on Friday. The central bank showed a drop in business and household deposits by 122.58 billion...

Greek Finance Minister Further Relaxes Capital Controls

Greek Finance Minister Euclid Tsakalotos has further relaxed capital controls with a decision published in the government gazette on Friday. This was the 11th ministerial decision referring to capital controls, in addition to two Acts of Legislative Content, issued...

Authorities to Have Access to Assets of Greeks in 100 Countries

As of 2017, Greek tax authorities will allegedly have access to assets of Greek citizens in 100 countries, including tax havens such as Switzerland. According to a report in Ta Nea newspaper, the Greek Ministry of Finance, through the Automatic Exchange...

NBG Head Katselli Rules Out Deposits Haircut and Banks Recapitalization

Hellenic Bank Association president and National Bank's chief Luca Katseli said in an interview with Kathimerini newspaper, on Sunday, that the possibility of a deposits haircut and a new banks recapitalization is out of the question. "Greek systemic banks just came out...

Greek Bank Deposits Up 1.15 bln Euros in Dec‏ember

Greek bank deposits grew 1.15 billion euros in December, a “small but significant return of deposits” after six years of losses which amounted to 114 billion euros, National Bank chairwoman and Hellenic Bank Association president Louka Katseli said. Speaking in...

Bank of Greece Marks Significant Reduction in Deposits in November

A significant reduction was noticed in business and household deposits in Greece in November 2015. According to data from the Bank of Greece, the total deposits fell to 120.9 billion euros from 121.1 billion euros in October. Reuters reported that these are...

Moody's: Uninsured Depositors Compromised by Greece's New Legislation

Ratings agency Moody’s said on Monday that uninsured depositors in Greek banks are in danger of losing some of their money in case of a bank’s insolvency. Moody’s noted that the changes in the EU Bank Recovery and Resolution Directive, which was legislated in...