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Tag Archives: bank

Penal Code amendments protect bankers, suspects of money-laundering

The latest Penal Code amendments grant bank executives immunity for bad loans and returns to suspects of money-laundering their frozen assets. Bank executives accused of breach of trust are protected from the independent intervention by a prosecutor, and people suspected of criminal fraud and money-laundering will see their frozen assets …

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Greece’s bank deposits record an increase in July 2018

Private sector deposits in Greece’s banks increased by 841 million euros in July, Bank of Greece said on Tuesday. Deposits stood at 130.2 billion euros in July when they were 129.4 billion the previous month. In July 2018, the annual growth rate of total credit extended to the economy stood …

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Greece loosens capital controls with spectacular up to €5,000 per month

Greece’s Finance Ministry has reportedly already prepared a new legislation that will further loosen capital controls and spectacularly raise the monthly cap of cash withdrawals for natural persons.  The new measure will allow bank account holders to withdraw up to 5,000 euros per month. Since 1. March 2018, the withdrawal …

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Offices of anti-auction activists’ party to be auctioned

The offices of Popular Unity (LAE) party, a left-wing party devoted to protest auctions, are to be auctioned on Wednesday. The officer the party of former SYRIZA heavyweight and ex Energy Minister Panagiotis Lafazanis, are to be auctioned due to outstanding debts of the property owner. According to LAE, the …

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Greece’s private sector bank deposits increased for 3. consecutive month

Private sector bank deposits increased for a third consecutive month in July 2017, according to the Bank of Greece (BoG), with the total reaching 121.25 billion euros during that month, nearly a billion euros above the figure for the previous month of May 2017. “Nevertheless, deposits in the still bailout-dependent …

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Thessaloniki: Solidarity movement blocks bank from confiscating the home of disable man – For now! (video)

The atmosphere in court room was tense on Wednesday afternoon in Thessaloniki. Members of the local solidarity movement had flocked to express solidarity with a man with disabilities who was about to lose his home due to debts to the bank. At the same time, several police squads in full …

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Man in bank elevator crushed by coins – dead!

A unbelievable accident occurred in an Athens on Tuesday, when a money transport cart overturned inside an elevator and bags full of coins claimed a victim. A 47-year-old security guard. According to Greek media, the security guard was taking the transport cart full of coins in bags from the ground floor …

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