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Greek Banks

ASE: Ended With Heavy Losses for Greek Banks

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...

Greek Banks to Sell Bulgarian Subsidiaries

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' "Limited" Capability to Help its Greek-Exposed Banks

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...

Deposit Withdrawals Reached 5.5 billion Euros in September

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...

Papandreou: Some Greek Banks May Have To Be Nationalized

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 Downgrades 8 Greek Banks

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...