Greek Banks

Greece will take more time to wrap up a bank recapitalization plan it was set to unveil on April 20 and key terms may be have to wait until after a May 6 national election, government officials said on...

Greece sold 1.3 billion euros ($1.7 billion) of six-month T-bills on Tuesday, with the yield easing by 25 basis points from a previous auction in March. The sale's bid-cover ratio was 2.62, down from 2.63 in the March 6 auction....

Greek banks hard-hit by the country's debt swap might not need all the aid earmarked by the EU and IMF to help them weather the crisis, central bank chief George Provopoulos was quoted as saying on Saturday. The European Union...

Charles Dallara, the head of a group representing private-sector banks, will hold talks in Athens on Thursday with Greek government officials on a voluntary swap of privately held Greek bonds, a spokesman for Dallara's organisation said. "He will be in...

The trading session of Athens Stock Exchange on Monday ended with heavy losses for Greek banks, as the banking index fell to new 22-year lows. Only a few shares ended in green across FTSE20 index, amid the overall downward trend...

Georgi Angelov, senior economist with the Open Society Institute Sofia believes that Greek banks will do everything they can to shun the sale of their subsidiaries in Bulgaria Angelov was approached to comment on the euro zone debt crisis and...

Cyprus will support its Greek-exposed banks in recapitalizing but only after they have made exhaustive efforts of their own, Finance Minister Kikis Kazamias said that the state's present capacity to help is limited. Kazamias told an economics conference that resorting...

Greek banks witnessed a downwards trend after the total withdrawal of 5.5 billion euros in September. According to the data released by the Bank of Greece on Tuesday, Greek households and enterprises’ deposits withdrawals reached 183.2 billion from 188.6 billion...

Some Greek banks may have to be nationalized after the application of the agreed 50% write down in nominal value of Greek bonds held by the private sector, as part of new euro-zone package for the country, Greek prime...

Moody's on Friday downgraded the ratings of eight Greek banks by two notches each citing a struggling domestic economy and declining deposits among reasons for the move, which was expected by markets. The agency cut National Bank of Greece SA...