Greek Banks

The completion of the second batch of prior actions along with the successful implementation of the first batch and the recapitalization of the banks constitute "significant steps for restoring the credibility and confidence," EU Commission Annika Breidthardt said on...

"Despite any difficulties, the new recapitalization of the banks was conducted in order to safeguard, in the best possible way, the interests of the Greek state," Prime Minister Alexis Tsipras stressed on Friday, addressing the Greek Parliament. Tsipras rejected...

Credit Agricole, the French bank giant which ended its commercial presence in Greece around three years ago when it sold Emporiki Bank to Alpha Bank, is returning to Greece, this time as a major shareholder in Alpha Bank. Alpha Bank,...

European Central Bank on Thursday significantly lowered the borrowing ceiling for Greek banks through the Emergency Liquidity Assistance mechanism (ELA). The ECB approved a recommendation by the Bank of Greece to lower the ELA ceiling by 7.8 billion euros to...

The recapitalization of the banks is probably the biggest robbery in Greece's history, Popular Unity leader Panagiotis Lafazanis said in an interview with Praktorio FM on Tuesday. The only solution for exiting the crisis is nationalising the banks and exiting...

Greek bank deposits are no longer at risk of a “haircut,” the European Commission's mission chief to Greece Declan Costello said on Monday during a speech at an annual business forum in Athens. Speaking at “The Greek economy” conference, Costello...

A group of hackers who had blackmailed the Greek banking system last week have given Greek banks three more days to meet their demands before they go through with their plan, according to Greek media reports. The team of hackers called Armanda Collective are asking...

A special unit of Greece's National Intelligence Service (EYP) is investigating a racket of hackers who blackmail Greek banks, including the country's central bank, asking for bitcoin as ransom. According to information released by Greek Police, a group of hackers...

The European Commission approved on Sunday additional state aid of 2.72 billion euros to Piraeus Bank on the basis of an amended restructuring plan it submitted. “In the context of the third economic adjustment programme for Greece, the European Commission...

Athens’ Stock Exchange announced on Wednesday it will temporarily suspend trading of the stocks of three systemic banks – Alpha Bank, Eurobank and Piraeus Bank – from November 27, in order to complete the shares' reverse split. According to the...