Latest News for: Greek banking

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Shortfall in credit to SMEs

Ekathimerini 25 Oct 2021
The Greek shortfall actually expanded over the period of the pandemic, despite the considerable financing of SMEs in 2020 and early 2021 via the programs of the Hellenic Development Bank supporting the expansion of credit ...
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Ankara wary of Athens-Cairo grid agreement

Ekathimerini 25 Oct 2021
Europe, a market of 600 million now overly dependent on Russian gas, desperately seeks alternative suppliers and is a stable market for Egypt, which also banks on its huge potential as a solar energy provider, a fact mentioned by Greek Prime Minister Kyriakos Mitsotakis.
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Staikouras calls on banks for corporate credit expansion

Ekathimerini 23 Oct 2021
Referring to banks, the Greek finance minister said, “They are responsible for upgrading their systems and making a better assessment of investment plans and expanding the perimeter of possible borrowers.”.
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Report: Greek Banks Can Play a Leading Role in Economic Recovery

The National Herald 22 Oct 2021
ATHENS -- Greek banks proved that they can adjust to a new model of operation and customer service, Oliver Wyman said in a report released on Friday ... Dimitris Psarris, Partners of Oliver Wyman, told the Athens-Macedonian News Agency (ANA) that amid an unprecedented crisis, Greek ...
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Greece tourism rebounds but still suffers from Covid

Arab News 22 Oct 2021
The number of foreign tourists arriving in Greece has rebounded strongly this year, central bank data released Friday showed, but the key tourism sector ... Greek central bank data showed that the number of tourist arrivals has jumped 80 percent this year to over 8.6 million.
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4 involved in failed Broadway Bank backing Alexi Giannoulias’ run for secretary of state

Chicago Sun-Times 22 Oct 2021
His political career was derailed by the collapse of his family’s bank ... are personal friends of mine who believe in our campaign to modernize Illinois government.” Broadway Bank was founded in 1978 by the Giannoulias brothers’ father Alexis Giannoulias, a Greek immigrant. All three of his sons worked at the bank at some point.
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Byzantine church, tombs, inscriptions unearthed in Turkey's ancient city of Kaunos

Anadolu Agency 21 Oct 2021
Speaking to Anadolu Agency, Cortuk said the ancient city became famous for many "first breakthroughs," such as the rotary curtain system in the ancient theatre, the piggy bank for donations to the gods, world-famous rock tombs, as well as the Carian-Greek bilingual inscriptions.
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What is cum-ex trading and what is Ireland’s role in it?

The Irish Times 21 Oct 2021
The pair had flown to Ireland that afternoon to meet with staff in the Dublin office of Investec, a South African bank specialising in asset and wealth management ... It was part of a loose network of hedge funds, asset managers, banks and lawyers who had been making huge sums through a complex trading scheme, known as cum-ex.
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Coming together: New Sandwich Town Hall will allow office consolidations and ‘higher tech’

Cape Cod Times 20 Oct 2021
Sandwich Town Hall, dating to 1834 and dramatically restored in 2009, will shift operations to the former Santander Bank building, with its broad front lawn, lighted cupola and ample parking ... The bank makeover long under way remains a fenced-in work site ... Former Santander Bank branch.
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Wordline Completes Acquisition of Handelsbanken’s Activities in the Nordics

Finance Magnates 19 Oct 2021
Early this month, Wordline also completed the acquisition of Cardlink SA, a Greek network service provider ... Expanding into Greek Market ... The new parent company of Cardlink is now considering developing its partnerships with local acquiring banks and allowing access to Worldline’s services portfolio to other existing Greek customers.
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Alpha Bank Invests 430 Million Euros in Transformation Programme

The National Herald 19 Oct 2021
ATHENS -- Alpha Bank ... Presenting the programme to the bank's workers, Psaltis said ... He noted that the transformation programme was a fundamental change for the bank and laid solid foundations for Alpha Bank to preserve its leading role in the Greek market.
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Demise of LIBOR creates uncertainty

Splash24/7 19 Oct 2021
I well recall how in 2003 the bank I was working for predicted the biggest shipping upswing ever, and so it proved with China changing the world ... Still, this is meant to be a finance-focused column, so let’s look at the banks ... A separate segment are Greek banks lending to local clientele at rates of between 2.7% to 4%.
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Guarantee fund for loans to movie companies

Ekathimerini 18 Oct 2021
The Hellenic Development Bank has published its invitation to Greek banks for expressions of interest in participating in the first Guarantee ...
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Thousands of property assets in Greece are mature for auction

Greek City Times 14 Oct 2021
The Greek property market is about to welcome a host of new offerings as the companies that manage loans secured on properties either for banks or the funds that have acquired them are resuming online auctions in large numbers ... He went on to note that “Greek banks will account for 36% of upcoming transactions in Europe over the next few months.”.
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IMF: Greece will return to primary budget surpluses from 2023

Greek City Times 14 Oct 2021
Greek economy to recover 2020 losses by end of 2022 ... Greek economy expected to grow by 6.5% this year ... Finance Minister Staikouras to participate in annual IMF and World bank meeting ... Greek economy to grow by 3.3% this year, 5.4% in 2022 ... IMF predicts Greek economic growth of 3.3% in 2021, 5.4% in 2022 with EU support.

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