Greece
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Greek Banks

Moody’s Upgrades the Four Largest Greek Banks

The credit agency Moody's upgraded on Monday the long-term deposit ratings of the four biggest Greek banks, and said that the outlook for all of them is positive. The upgrade, "driven by their improving asset quality and solvency and good...

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...

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...

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...

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...

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...

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...

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...