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Greek Banks

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...

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...

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...

National Bank of Greece Ends Need for European Aid

The National Bank of Greece (NBG) is the first Greek bank to have entirely eliminated its dependency on the European Central Bank's Emergency Liquidity Assistance (ELA), bringing its ELA borrowing to zero, sources said on Friday. Greece's Athens-Macedonian News Agency...

EU: Greece has Almost Half of Eurozone's Bad Loans

Non-performing bank loans (NPLs) are a constant threat to the eurozone's banking system and a new report by the European Commission shows Greek institutions own almost half of them. According to Friday's data released by the EU Commission and the...

More Than 40 Greek Hotels to be Auctioned off in 2018

More than 40 hotels all over Greece are expected to be sold in 2018 with high and non-performing loans being the main reason for the auction of those, expected in the first six months of the year. The first wave...

Parliament Budget Head: Either Home Auctions Resume, or a Bail-in is Coming

A set of highly alarming predictions about the future of the Greek banking system were revealed today by the outgoing Parliament Budget Office head, Panagiotis Liargovas. In an interview with Skai TV, the economist; whose term in the Parliament Budget...

ECB Lowers Funding Cup for Greek Banks by €1.1 Billion

The European Central Bank lowered the cap on Emergency Liquidity Assistance (ELA) Greek banks draw from the domestic central bank by 1.1 billion euros to 25.8 billion euros, the Bank of Greece said on Thursday. The move reflected improved liquidity...

Handelsblatt: Greece Has Received €256 billion in Loans Since 2010

German news daily Handelsblatt, taking a look at the Greek economy, has come to the conclusion that despite the obscene amount of loans the country has received since the start of the financial crisis, it is still a long...

Stournaras: NPL Sales Speedup Crucial for Greek Banks

Greek banks have shown progress in tackling a stockpile of non-performing loans, Bank of Greece governor Yannis Stournaras said on Friday, but added that it would remain a challenge for the country. Greek banks are saddled with 103 billion euros...