Greek Banks
Economy
ECB Lowers Borrowing Ceiling for Greek Banks
Greek banks further reduced their borrowing from the Emergency Liquidity Assistance mechanism, the Bank of Greece said on Thursday.
In an announcement, the central bank said that on January 11, 2017 the Governing Council of the ECB did not object...
Economy
Greek Banks’ ELA Funding Drops by €1.3 Billion in November
Data released by the Bank of Greece (BoG) on Tuesday shows that in November of 2016 the country's emergency bank funding (ELA) dropped some 2.8 percent, or €1.3 billion.
The most recent numbers from the BoG show that the emergency...
Economy
Greek Banks Propose Tax on Cash Withdrawals to Curb Tax Evasion
Greek banks have proposed taxation of cash withdrawals so that Greeks make more electronic transactions as a measure to curb tax evasion.
The proposal is sent to the ministry of finance for further review, the basic idea being that it...
Economy
Greek Banks Resume T-bill Interbank Transactions
Greek banks have resumed T-bill transactions in the interbank market after a long period of exclusion, a Kathimerini newspaper report says.
According to the report, bank executives say that lenders have recently completed transactions worth 4-5 billion euros in the...
Economy
Moody's Revises Greek Banks' Outlook From Negative to Stable
Moody's Investors Service on Tuesday revised its outlook on Greece's banking system to stable from negative. The stable outlook reflects the rating agency's expectation of funding and profitability improvements for Greek banks balanced against sizeable problem loans and limited...
Economy
Borrowing Ceiling for Greek Banks Reduced 0.2 Billion Euros by ECB
European Central Bank lowered the borrowing ceiling for Greek banks from the ELA mechanism by 200 million euros, the Bank of Greece said on Thursday.
In a report the central bank said that on 16 November 16, 2016 the Governing...
Business
More Greek Businesses Deposit Their Money in Bulgarian and Romanian Banks
Bank deposits of Greeks in Bulgaria and Romania increased by 10% and 8% respectively while in Greece deposits dropped by 23% in 2015, the largest since the outbreak of the economic crisis in 2008.
According to a Kathimerini newspaper report,...
Economy
ECB Lowers Emergency Funding Caps for Greece to 51.9 Billion Euros
The European Central Bank lowered the cap on emergency liquidity assistance (ELA) Greek banks draw from Bank of Greece by 0.9 billion euros to 51.9 billion euros.
According to a report by Greece's central bank released on Thursday, the lowering...
Economy
Capital Controls Likely to Stay Indefinitely, Says Greek Bank Official
Capital controls in Greece are unlikely to be lifted in the foreseeable future, says a Vima newspaper report, citing a high bank official who talked of a "long and rocky road."
According to the bank official, there are two reasons...
Economy
Greek Banks Get Back 800 Million Euros in Deposits
More than 800 million euros in deposits have returned to Greek banks after the latest relaxing of capital controls, almost a month ago.
According to exclusive information obtained by the Athens-Macedonian News Agency (ANA) from domestic banking sources, this money...