Calamos Supports Greece

Louka Katseli

Return to ECB's Normal Financing Methods Will Follow Bank Recapitalization

The recapitalization of Greece’s banks is being completed and the next step is to return to normal financing methods by the European Central Bank (ECB) and lift capital controls in the first quarter of 2016, the head of the...

Chairman of Greece's Biggest Bank Optimistic on Recapitalization

The Chairman of the National Bank of Greece (NBG), Louka Katseli expressed her confidence that the Greek bank recapitalization will successfully go ahead, while addressing the bank's stockholders on Tuesday. The European Central Bank's comprehensive assessment of Greece's four major banks, Alpha Bank,...

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...

National Bank of Greece Governor: Capital Controls Gone by Early 2016

The president of Hellenic Bank Association and National Bank governor Louka Katseli  said in a meeting with the National Confederation of Commerce and Entrepreneurship (ESEE) on Monday that she is in favour of secondary business opportunities and the settlement...

Bank Association Chief: Greek Lenders Will Not Need the Full 25 bln Euros for their Recapitalization

"Τhere is no reference of a “haircut of deposits” in an agreement signed between the Greek government and the institutions, regardless of the sum,” the president of Hellenic Bank Association and National Bank governor Louka Katseli said. In an interview...

National Bank Chief Katseli Speaks Positively about Greek Banking Sector Post Recapitalization

Luca Katseli, chief of the National Bank, addressed the annual Clinton Global Initiative Congress in New York, and spoke about Greece's position after the completion of Greek bank recapitalization this year. "The Greek banking sector will be in a position to...

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...

NBG Chair: 'Greeks Must Show Their Support to the Banking System'

Eurogroup's decision of no haircut on the bank deposits is an important step of confidence-building towards the Greek banking system as well as the immediate disbursement of 10 billion euros for the banks' recapitalization, estimated the president of the...

Greek Banks Reopen After Three-Week Shutdown

Greek banks reopened on Monday after a three-week shutdown and imposition of capital controls. However, capital controls are still in effect with a 60-euro daily limit in withdrawals. Basic services will resume in banks but account holders cannot withdraw money from credit...

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...