Greek Banks
Economy
ECB: Greece Should Complete Reforms to Help Banks Reduce Bad Debt
Greece should complete the reforms needed to help banks reduce bad debt and deal with the impact of the COVID-19 pandemic, the European Central Bank said, according to Reuters.
The coronavirus crisis has stalled the efforts of Greek banks to...
Economy
Greek Government Attributes Bank Shares Sell-off to 'Speculative Pressures'
The Greek government attributed Wednesday's bank share massive sell-off and the sharp drop of the general index in the Athens Stock Exchange to "speculative pressures".
Prime Minister Alexis Tsipras called an emergency meeting with competent ministers and officials to discuss...
Economy
Goldman Sachs: Greek Banks have Limited Ability to Withstand Shocks
Greek banks have a limited ability to withstand external or internal shocks, a Goldman Sachs report says.
According to Capital.gr website, Goldman Sachs representatives were in Athens and had contacts with bank executives and policy makers in order to assess...
Economy
Greece Further Relaxes Capital Controls to €5,000 per Month
Greece's finance ministry has further relaxed capital controls with a decision sent for publication in the Government Gazette on Thursday, raising the monthly limit for cash withdrawals to €5,000 ($5,850) per depositor a month, from €2,300 at present.
The decision...
Economy
Greeks May See Further Easing of Capital Controls
Reports in Greece are suggesting bank customers will see the amount they can withdraw each month rise to between €4,000-€5,000 ($4,700-$5,880).
Currently there are capital controls on Greek account holders, restricting them to withdrawals of up to €2,300 per month.
If...
Economy
Greek Banks Get Positive Stress Test Results from Moody's
The results of a stress test round for the four Greek systemic banks -- Alpha Bank, Eurobank, National Bank and Piraeus Bank -- are "credit positive" and showed the resilience of their supervisory capital, Moody's said in its Credit...
Economy
Top Greek Banks would Lose €15.5 Bln of Capital in Stress Scenario: ECB
Greece’s four biggest banks said on Saturday that no new funding plans were needed after stress test results showed they would lose around 15.5 billion euros of their capital by 2020 under an adverse economic scenario, Reuters says.
The health...
Economy
German Press: Greek Banks Pass ECT Stress Tests
"The four major Greek financial institutions do not need new capital injections," said German financial newspaper on Sunday, reporting on the stress tests the Greek banks are undergoing.
"Relief in Athens: Piraeus Bank, Eurobank, National Bank (NBG) and Alpha Bank...
Economy
Stress Testing for Bad Loans Hits Greek Banks
International pressure to make Greece's biggest banks increase their provisions against bad loans has seen the country's major institutions take up billions of euros in cover.
A report by Bloomberg on Tuesday revealed that Alpha Bank, Eurobank, the National Bank...
Economy
Private Deposits Boost Greek Banks
An increase in private deposits in Greek banks in December 2017 is credit positive, Moody's said on Thursday.
The credit rating agency, in a credit outlook report, said Greek banks' deposits from the private sector grew by €5.9 billion ($7.3...