Latest News for: Greek banking


Greek banks aim for soft landing as payment holidays come to an end

Ekathimerini 04 Mar 2021
Greek banks are making plans to ease borrowers back to normal debt servicing schedules once repayment holidays introduced during the coronavirus crisis come to an end so they can avoid a sudden shock that could prompt a wave of defaults ... Greek banks have made progress in derisking ...

Online preview of ‘1821 Before and After’ exhibition

Greek City Times 03 Mar 2021
“In cooperation with three major banking institutions, the Bank of Greece, the National Bank of Greece and Alpha Bank, an exhibition for the 200‐year anniversary of the Greek Revolution is organised,” she added ... greek news today, Greek revolution, the National Bank.

1821 Before and After | To End-November

Ekathimerini 03 Mar 2021
Organized in cooperation with the Bank of Greece, National Bank of Greece and Alpha Bank, “1821 ...

Cash buffer at 34.5 bln euros at the end of 2020

Ekathimerini 02 Mar 2021
The Greek state’s cash reserves stood at 34.5 billion euros at ... The Greek state also has deposits worth €10.4 billion in commercial banks. Liquidity raised by Greek banks from the Eurosystem reached 41.2 billion euros in 2020.

Analysts not worried by Greek yield rally

Ekathimerini 01 Mar 2021
Ioannis Sokos, Fixed Income Research Director at Deutsche Bank, says “the fact that the rise in Greek yields is part of a broader move higher in yields across all eurozone countries is an important factor because it increases the odds that the ECB might respond to that tightening in financing conditions, and step-up the pace of its purchases.”.

Five criteria for EU financing

Ekathimerini 01 Mar 2021
The loan may not exceed 50% of the total investment, with at least 20% coming from the investor and at least 30% from a bank ... The Greek side is pinning its hopes on the Commission decision about utilizing the loans as funding tools “in exceptional circumstances.”. The response to date by banks and some private investors points to huge interest.

Greek banks see rise in value of household deposits

Ekathimerini 28 Feb 2021
Deposits in Greek banks rose in January while the net flow of credit to the private sector was negative in the first month of 2021, the Bank of Greece said on ...

How the European Union has always preferred power grabs to democracy

Open Democracy 28 Feb 2021
David Elstein. 28 February 2021 ... ... All rights reserved. Share this ... Also unmentioned, he notes, is the severe hardship suffered by modern Greeks – the young, the old, the poor – after the austerity demands set out by the ‘troika’ (the EU, the IMF and the European Central Bank) in defence of the Euro were reluctantly swallowed by the Greek government ... .

ECB’s Stournaras calls for increasing bond buying to calm markets

Arab News 27 Feb 2021
Greece’s Yannis Stournaras became the first European Central Bank policymaker on Friday to openly call for increasing the pace of ECB bond purchases to stem a rise in borrowing costs ... “In my view there’s fundamental justification for a tightening of nominal bond yields in the long end,” the Greek central bank governor said.

Exclusive: ECB’s Stournaras calls for increasing bond buying to calm markets

Metro USA 26 Feb 2021
“In my view there’s fundamental justification for a tightening of nominal bond yields in the long end,” the Greek central bank governor said ... EU flags fly in front of European Central Bank headquarters in Frankfurt.

Greek Banks’ Progress with De-Risking is Credit-Positive

Hellenic Shipping News Worldwide 25 Feb 2021
Renewed progress by systemic Greek banks in de-risking through planned securitisations ...

Greece to extend Hercules bad loan reduction scheme, minister says

Ekathimerini 25 Feb 2021
Greek banks can apply for a government guarantee on the senior tranche of a non-performing loan (NPL) securitisation as long as they sell the majority of the mezzanine and junior notes ... In a speech to a virtual investor conference on Greek NPLs, George Zavvos, the minister in ...

Gores Guggenheim SPAC Seeking to Raise $750 Million via IPO

The National Herald 24 Feb 2021
NEW YORKGreek-American billionaire Alex Gores and investment bank Guggenheim Partners are backing a “blank-check firm” which “is looking to raise nearly $750 million through an initial public offering (IPO), a regulatory filing showed” on February 22, Reuters reported.

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