Latest News for: Greek banking

Edit

Survey: A 28.4% of Greek Households Had Bank Loans in 2020

The National Herald 23 Sep 2021
ATHENS -- A 28.4 pct of Greek households were burdened with bank loans (excluding mortgages) in 2020, of which 20.1 pct had one loan, 6.4 pct had two loans, 1.6 pct had three loans and 0.3 pct had four loans, while 71.6 pct of Greek ...
Edit

Angela Merkel’s austerity condemned Europe and Germany to decline

New Statesman 23 Sep 2021
The crash rendered Germany’s banks insolvent ... The eurozone’s poorer taxpayers would underwrite a €110bn loan to the Greek government on condition that the monies be channelled to German (and French) banks ... The crushing of Syriza by Draghi, whose ECB shut down Greek banks for that purpose, enabled Merkel to kill two birds with one stone.
Edit

Banks in southern Europe, including Malta, at higher risk from climate change – ECB

Independent Online 23 Sep 2021
The stress test published Wednesday compiled data gathered on more than 4 million companies worldwide and 1,600 banks in the 19-country eurozone where the ECB sets monetary policy ... The Greek share of bank loans exposed to high physical risk, that is, the possibility that borrowers would be hit by fire or flood and not pay, was over 90%.
Edit

Central bank head: Greece will maintain high growth rates for 10 years

Greek City Times 22 Sep 2021
On the issue of Greek bonds, the Bank of Greece governor estimated that the European Central Bank (which according to the report holds 30 billion euro in Greek bonds out of a total of 4.4 trillion euros it has acquired through the various programmes it implements) will continue ...
Edit

Blueground firmly on the growth path

Ekathimerini 22 Sep 2021
Greek-owned startup Blueground is turning to the creation of more jobs in Greece and in new markets, after the funding of $180 million it secured from international and local investors ... and the Greek fund VentureFriends. The other $40 million was a loan from Silicon Valley Bank.
Edit

European Central Bank climate report: Early action is better

Wtop 22 Sep 2021
The stress test published Wednesday compiled data gathered on more than 4 million companies worldwide and 1,600 banks in the 19-country eurozone where the ECB sets monetary policy ... The Greek share of bank loans exposed to high physical risk, that is, the possibility that borrowers would be hit by fire or flood and not pay, was over 90%.
Edit

Soccer identity fraud case struggles revealed

The Daily Telegraph Australia 22 Sep 2021
Westpac will have to translate court documents into Greek and send them to a bailiff in Athens in order to serve companies the bank claims are involved in an alleged $400 million fraud orchestrated by Sydney soccer identity Bill Papas ....
Edit

ECB policymakers acknowledge growing inflation risk

Metro USA 21 Sep 2021
FRANKFURT (Reuters) – European Central Bank policymakers still see the recent inflation ... Greek central bank chief Yannis Stournaras acknowledged that actual price growth could exceed the ECB’s projection but argued that this should not force the ECB to tighten policy.
Edit

Piraeus Bank in talks with Bain Capital to sell leasing portfolio

Hellenic Shipping News Worldwide 21 Sep 2021
Greek banks have been making headway in their bid to sell, write ...
Edit

Moody’s upgrades long-term deposit ratings of four Greek banks

Ekathimerini 21 Sep 2021
“Monday’s rating action on the four largest Greek banks was primarily driven by their improving asset quality and solvency and good prospects for further enhancing their recurring profitability, factors that are exerting upward pressure on their BCAs, the credit rating agency said in a report,” Moody’s said in its report.
Edit

Stournaras Is optimistic about Greek Economy

The National Herald 21 Sep 2021
ATHENS -- Bank of Greece governor Yannis Stournaras appeared even more optimistic about the future of the Greek economy than the government in an interview with Politico on Tuesday ... On the issue of Greek bonds, the BoG governor estimated that the European Central Bank (which ...
Edit

Central banker says Greek economic growth to exceed 6% in 2021

Ekathimerini 21 Sep 2021
... allow the European Central Bank to continue to buy Greek debt even after it ends its pandemic emergency purchase program (PEPP).
Edit

Four major Greek banks get ratings boost following review from Moody’s international ratings agency

Greek City Times 20 Sep 2021
Four major Greek banks received a ratings boost on Monday following a review by international ratings agency Moody’s ... Nonetheless, Greek banks’ BCAs are still constrained by the quality of their capital, with sizeable deferred tax credits (DTCs) in the capital ...
Edit

Moody's Upgrades Long-Τerm Deposit Ratings of Four Greek Systemic Banks

The National Herald 20 Sep 2021
Today's rating action on the four largest Greek banks was primarily driven by their improving asset quality and solvency and good prospects for further enhancing their recurring profitability, factors that are exerting upward pressure on their BCAs, the credit rating agency said in a report.
Edit

Experts welcome Mitsotakis’ measures

Ekathimerini 19 Sep 2021
Analysts and economists have a favorable opinion of the financial measures Prime Minister Kyriakos Mitsotakis announced on September 11 at the Thessaloniki International Fair ... Holger Schmieding, chief economist at Berenberg Bank, recounts that “during the Greek debt crisis, creditors and Greek governments had hiked taxes too much ... .
×