Hellenic Bank Association

Hellenic Bank Association Says Banking System Stabilized in 2016

The Greek banking sector stabilized in 2016 showing clear signs of improvement, the Hellenic Bank Association (HBA) said in a press release on Tuesday after a meeting of the body’s leadership with Prime Minister Alexis Tsipras. According to HBA, banks...

Greek National Bank Chief: 'It Is Not in the Interest of Any Bank to Proceed with Home Foreclosures'

"It is not in the interest of any bank to proceed with home foreclosures. The motive for each bank is to keep its clients informed," Hellenic Bank Association president and National Bank's chief Louka Katselli said in statements to...

Greek Banks' Capital Needs Are Limited, Katseli Says

The president of Hellenic Bank Association and National Bank governor Louka Katseli in an interview with Handelsblatt estimated that the capital needs of the Greek banks are limited. "My personal view is that banks will not need the entire 25...

Greek Banks Face Four Main Challenges, Bank Association Head Says

Chairwoman of the Hellenic Banks Association Louka Katseli said that Greek banks face four major challenges before they return to normality. Katseli, who is also head of Bank of Greece, spoke at a business event organized by the Hellenic British...

Greek Bank Holiday Extended Until July 8

Greek banks will be closed until Wednesday, July 8, after a meeting among Greece's banks and the Greek Finance Ministry led to the decision to extend the capital controls that have been imposed since June 28. The decision comes before Monday's European Central...

Greek FinMin Varoufakis and Hellenic Bank Association: Haircut Reports 'Baseless'

Greek Finance Minister Yanis Varoufakis and Hellenic Bank Association President Louka Katseli have refuted a Financial Times report regarding a 30% haircut on Greek deposits. The report is “baseless” said the Hellenic Bank Association President, stating that she had also contacted...

Hellenic Bank Association President: 'ATMs Will Operate Normally Until Monday'

The meeting between Greek Finance Minister Yanis Varoufakis, government Vice President Yiannis Dragasakis, Deputy Finance Minister Dimitris Mardas and Greece's bankers was completed. The meeting was attended by National Bank of Greece Chair Luka Katseli and Chief Executive Leonidas Fragiadakis, Nikos Karamouzis and...

Greek President: 'Greece's Path in the Eurozone Is a One-Way Street'

President of the Hellenic Republic Prokopis Pavlopoulos made another intervention in view of the July 5 Greek referendum. “We all know that Greece’s path in Europe and the Eurozone is a one-way street. Not only for financial reasons, but...

Bad Loans Amendment Tabled by Outgoing Minister

Nikos Dendias tabled his last regulation as Minister of Development earlier today. He was later sworn before the Archbishop of Athens and All Greece Ieronymos as the new National Defense Minister replacing Dimitris Avramopoulos. The amendment regards bad business loans...

A Comprehensive Overall Solution for Greece's Debt by August 15

The Troika of Greece’s creditors managed to reach an agreement with the Greek government today, that a comprehensive 'overall solution' will be sought on the issue of debt, held by banks and the state, and social insurance funds. The meeting was attended by ministers,...