Greek Banks

The president of Hellenic Bank Association and National Bank governor Louka Katseli in an interview with Handelsblatt estimated that the capital needs of the Greek banks are limited. "My personal view is that banks will not need the entire 25...

The Greek government has the urgent task to legislate and start implementing the prior actions required by the bailout program in order to be ready for the first review on November 15. Two packages of unpopular measures need to be...

 The Bank of Greece announced on Wednesday that the European Central Bank decided on Tuesday to further decrease the cap for Emergency Liquidity Assistance (ELA) to Greek banks from 88.9 billion euros to 87.9 billion euros. "The 1 billion euro reduction in...

The president of Hellenic Bank Association and National Bank governor Louka Katseli  said in a meeting with the National Confederation of Commerce and Entrepreneurship (ESEE) on Monday that she is in favour of secondary business opportunities and the settlement...

Representatives of foreign funds are looking to take advantage of the "red" loans held by Greek banks and are already setting up offices in Athens, according to the Real News newspaper. According to the report, representatives of foreign funds have been...

"Τhere is no reference of a “haircut of deposits” in an agreement signed between the Greek government and the institutions, regardless of the sum,” the president of Hellenic Bank Association and National Bank governor Louka Katseli said. In an interview...

The European Central Bank cannot pressure Greek banks into freezing deposits and bonds in order to implement haircuts as part of the recapitalization process (also known as bail in), if the process is completed in 2015, noted the ECB...

Defunct Cypriot bank Marfin Popular has resorted to the International Center for Settlement of Investment Disputes (ICSID) to seek damages of more than 4 billion euros from Greece over losses from the PSI debt restructuring in 2012. The story appeared...

The capital requirements of the Greek banking system will be announced by the end of October, after the completion of the European Central Bank’s (ECB) stress tests, so that recapitalization can be completed by the end of the year,...

On Monday, the Greek Finance Ministry announced new modifications to the capital controls that have been imposed in Greece since June 28, 2015. While the bulk of the announcement, published on the four month mark of capital controls in Greece, includes directives...