Latest News for: Greek banking


‘Why are you so hell-bent on becoming Greek?’

Ekathimerini 26 Mar 2023
She listened to it with her Greek fellow students while they were studying in Italy. She copied CDs and tapes and by studying the lyrics she started to learn Greek. But in Turkey, where she comes from, she could not find anything Greek at that time ... She had sold her apartment in Turkey and transferred 300,000 euros to a Greek bank account.

EU leaders play down bank risks as economy weakens

The Paducah Sun 25 Mar 2023
Prime Minister Kyriakos Mitsotakis of Greece, the country that triggered the euro-area debt troubles more than a decade ago, drew a link between the current state of Greek banks and that of European financial institutions as a whole ... “I’m absolutely confident about the stability and the robustness of the Greek banks.”.

With Grexit averted, Greek debt is outperforming other nations

Taipei Times 24 Mar 2023
Contrary to every credit rating, the nation has been an investment-grade economy since December 2021, making it the economic counterweight to bank failures ... Non-performing loans as a percentage of total loans for Greek banks, the measure of banking-sector health, fell to 6.8 percent from 47 percent in 2017 and the lowest since 2011.

ATHEX: Systemic risk sends bank stocks tumbling

Ekathimerini 24 Mar 2023
... Friday inflicting losses on almost all bank stocks in the eurozone. The Greek bourse was no exception, with the banks index suffering a major drop and the benchmark losing almost 3% in one day.

ALEX BRUMMER: Bank of England should have held back on any more rate hikes... or ...

The Daily Mail 23 Mar 2023
Central banks across the globe were off the pace when it came to recognising that the inflationary genie was out of the bottle in 2021 ... The eurozone has never resolved its underlying sovereign debt crisis or come to grips with the fact that some Italian and Greek banks are still being propped up by the central bank.

Greek Prime Minister Assures Banking System Secure, Deposits Safe Despite 'Banking Storm'

Urdu Point 23 Mar 2023
Greek Prime Minister Kyriakos Mitsotakis said on Thursday that clients of Greek banks have no reason to worry despite the global "banking storm," reassuring them their deposits are protected. BRUSSELS (UrduPoint News / Sputnik - 23rd March, 2023) Greek Prime Minister Kyriakos ...

The best days of the Greek economy are ahead of us says the PM

Ekathimerini 23 Mar 2023
And in the face of the global financial storm that has unfolded in recent weeks, I want to once again reassure all Greek depositors that the Greek banking system is strong and that their deposits are protected ... decided by the European Central Bank,” underlined the prime minister.

Harry Paidas: Let instincts guide your trust

The Alliance Review 23 Mar 2023
There are a lot of things inherent in the Greek culture, but none is as important as trust. From a young age, we Greeks have been taught to be wary of individuals, institutions and situations until they have earned our trust ... Two examples I have referred to in the past that have tested my trust are banking and the medical profession.

Bank crisis, what crisis? Why shipping should keep calm and carry on

Tradewinds 23 Mar 2023
... of two midsize US banks sent tremors throughout the global trading system.

How much longer will America’s regional banks hold up?

Economist 23 Mar 2023
What kind of story is unfolding in the banking system? At first glance it would appear to be a tragic drama. In the past fortnight, four banks have met their end. two crypto lenders, the dominant bank in Silicon Valley and most recently a global systemically important bank ... \nPolicymakers must now wait to see if more banks come forward.

Greek shipping still coming to terms with the sale of lender

Greek City Times 22 Mar 2023
Greek shipping is still coming to terms with the takeover of its largest lender ... Credit Suisse has been the largest bank financier for Greek shipping since 2016, its Greek portfolio worth $5.2bn as of May last year, according to data from Athens-based Petrofin Research ... “UBS is not a well-known shipping bank ... Greek shipping.

ATHEX: Mixed day leaves index in the red

Ekathimerini 22 Mar 2023
The late decline mainly by bank stocks led the benchmark of the Greek bourse to moderate losses on Wednesday, although the majority of stocks posted gains ... in anticipation of the decisions by the central banks of the US and Britain.

WSJ: UBS likely to shrink Credit Suisse’s $10 bln shipping portfolio

Ekathimerini 22 Mar 2023
About half of the shipping portfolio involves Greek shipowners that use their deposits in the bank’s wealth management arm as collateral to finance new ships, ...

UBS likely to shrink Credit Suisse's $10 bln shipping portfolio - WSJ

Reuters 22 Mar 2023
About half of the shipping portfolio involves Greek shipowners that use their deposits in the bank's wealth management arm as collateral to finance new ships, the report added ... Fed delivers small rate hike amid global banking turmoil, article with gallery6.51 PM UTC .

Like zombies, eurozone states are lurching towards their next financial emergency

New Statesman 22 Mar 2023
You know you have a financial crisis of a rather different kind when the governor of the Greek central bank boasts that his country has no significant exposure to Switzerland ... The Swiss government and central bank managed to sort out of the mess of Credit Suisse in a single weekend. They got UBS, Switzerland’s largest bank, to gobble it up.

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