Greek Banks

Intense skepticism prevails in the government’s economic team. The developments in the banking sector are not expected to be favorable and the Finance Ministry is already looking for the tanks to raise the funds needed in order to make...

By the end of 2013, 3600 bank employees will leave Greek Banks with voluntary exit programs. In the new year, 3600 bank employees will be suspended and forced to search for a new job. The reason behind these suspensions is...

The sale of credit institutions' claims to third parties does not require approval or updating by the Bank of Greece, which has the responsibility over the supervision of such claims to evaluate risk management, a report by the central...

Already struggling despite a 50 billion euros ($65 billion) government recapitalization, Greek banks are being squeezed by the European Union to reduce their operating costs, which means layoffs of workers when the unemployment rate is already a record 27.9...

Auditors from the American-based multinational investment management corporation BlackRock, Inc. are expected this week to finalize the methodology they will use in their new stress tests for Greek banks, following their recent recapitalization. The methodology - that is the projections...

Deposits in Greek banks showed an increase this July (6,6%), according to data released on August 28 by the European Central Bank. On the contrary, deposits in Cypriot banks have dropped by 2,4% and it is estimated that total deposits...

The administrations of major Greek banks are prompted by the heads of the Troika to proceed to a dramatic shrinkage of the staff serving in the Greek banking sector. As it was revealed on July 22 by the Greek newspaper...

Greek business and household bank deposits were steady in March despite worries the Cypriot banking crisis would lead to outflows in other indebted southern European economies, central bank data showed on Friday. Bank of Greece data showed deposits slightly rose...

Three of Greece's largests lenders and a smaller bank made non-binding offers to acquire the healthy assets of the country's state-controlled TT Hellenic Postbank SA (TT.AT), a banking official familiar with the process said, as regulators move to wind...

It's been a long time coming, but Greece is expected to get all of a first series of 34.3 billion euros ($45.2 billion) loan installment from its international lenders by Dec. 19, a Greek official said on Dec. 18,...