Greek Banks

The European Central Bank has assessed that the four systemic banks of Greece need at least 4.4 billion euros and up to 14.4 billion euros to cover their capital shortfalls. In the comprehensive assessment test released on Saturday morning the ECB revealed the extent...

The four major Greek banks need 14 billion euros to cover their capital needs, according to Reuters. A Reuters report cites two European officials who claim that European Central Bank's comprehensive assessment of the Greek banks generated the amount. The ECB's official stress test results...

A draft bill on the recapitalization of Greek banks will be voted on by Sunday so that the actual process can start on Monday, government Vice-President Yannis Dragasakis said in a statement on Thursday. The bill was tabled in Greek...

Creditors are refusing for now to pay Greece the next installment of bailout money, saying Athens is implementing agreed reforms too slowly, a report says. The delay is likely to cause further postponements. According to the report in the German...

I believe that Greece can return to growth in the second half of 2016, said European Commission Vice President Valdis Dombrovskis in an interview with VIMA newspaper. Dombrovskis also underlined that the "top priority is the implementation of the ...

The Governing Council of the European Central Bank has decided to further lower the Emergency Liquidity Assistance (ELA) ceiling for Greece, the Bank of Greece said in an announcement, on Thursday. The new ELA ceiling now stands at 86.9 billion euros. “The reduction of...

Bank of Greece Governor Louka Katseli recently asserted that the capital controls would be lifted by early 2016. A recent poll conducted by Bloomberg has shown little support for this estimation as 81% of the 16 analysts that responded believe that the restrictions on the economy...

The big challenge for Greece's Prime Minister Alexis Tsipras is to fix the bad loans situation without destroying Greek banks, according to a New York Times report. The nonperforming loans issue is so thorny that the Greek government did not...

The recapitalization needs of Greece's systemic banks will be determined in the next few days after finalizing the results of current stress tests, with the aim to cover any capital needs by the end of the year, banking sources...

The Greek government is determined to accelerate procedures towards bank recapitalization and ensure that problems which appeared during similar procedures in the past will be avoided. The goals and terms of a recapitalization process was at the epicenter of an...