Tag Archives: banks

The Corinth Canal will reopen for ships in July, the Hellenic Corporation of Assets and Participations SA (HCAP) said on Wednesday. The reopening will be temporary, though, over the summer and will shut down again for a few months in autumn in order to complete repair works and stabilize the …

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Greece’s Agricultural Minister has urged banks to increase the funding of primary sector investments. Speaking at the annual AgriBusiness International Forum in Athens, Agriculture Development & Food Minister Spilios Livanos told the banking sector that it should assume its responsibilities. “It would be a historic mistake if the banking system …

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Banks in Greece, Spain and Portugal face increased risks from the climate change, according to a joint report by the European Central Bank (ECB) and the European Systemic Risk Board (ESRB) published on July 1. Greece and other southern EU countries are exposed to increased risks, on the one hand …

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Household and corporate deposits jumped 19.6 billion euros during the pandemic, showing that the freeze on consumption combined with the state support measures served as a safety cushion for liquidity in the private sector. The additional cash flow during the successive lockdowns will be the driving force behind the economy’s …

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In his memoirs, “A Promised Land,” former Us President Barack Obama makes also some reference to the Greek debt crisis and the way in which the major European powers chose to deal with the situation. In his memoir that was released on Tuesday, Obama writes: “I noticed that they rarely …

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Greek banks, members of the Hellenic Bank Association, on Tuesday announced the extension of measures to support enterprises and individuals hit directly and indirectly by the pandemic crisis and of a moratorium on debt payments until December 31, 2020. In an announcement, the banks said they remained steadfast on the …

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The Hellenic Association of Banks announced on Thursday that the banks increase the limit for contactless payments with debit, credit cards and prepaid cards without using PIN. The limit is raised from 25 euros today to 50 euros. The measure will be implemented from Monday, March 30 until Sunday May …

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The Hellenic Association of Banks has decided to impose a series of measures to restrict contact between customers and the staff of the banking sector. The Association urges customers to make use of e-banking and their credit or debit cards at ATMs, as several trasnactions are suspended at the counters …

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Greece’s Competition Committee, an independent authortity, confirmed on Friday that it had raided all the country’s major banks a day earlier as part of an investigation into collaboration between lenders. Inspectors raided the head offices of National, Piraeus, Alpha, Attica and Eurobank, along with the offices of the Greek bank …

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One after the other, the four Greek systemic banks announced the withdrawal of part of the extra charges for customer services that used to be free of charge. The National Bank, the Piraeus Bank, the Alpha Bank and the Eurobank declared that they will not charge a fee for the …

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Greek bankers have committed themselves to review their extra charges policies on a series of transactions following a meeting with Prime Minister, Kyriakos Mitsotakis, on Thursday. Citing government sources, media report that the prime minister told bankers that the government cannot accept extra charges on digital and other bank transactions, …

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Greek banks will impose charges on services that used to be free of charge until now. The charges on virtually all their services and customers’ transactions are an effort to offset their losses from interest rates taking, which have been in constant decline over the last few years, media report. …

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The collapse of British tour operator Thomas Cook is “credit negative” for Greek and Cypriot banks because it reduces the cash flow of businesses in the tourism sectors of these countries, ratings agency Moody’s said in a report on Thursday. “The compulsory liquidation of Thomas Cook and the resultant decline …

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Greece plans to provide as much as 9 billion euros in state guarantees to help its banks reduce a mountain of soured debt weighing on their balance sheets, Bloomberg and Handelsblatt report. The money will be given from the “buffer” of nearly 40 billion euros from taxpayers money. Greek banks …

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A “mammoth” bank loan is still due before the Hellinikon investment project can proceed with works after it overcomes the last bureaucratic hurdles and all decisions by ministries and other public bodies give the green light. The Hellenic Development consortium consists of Lamda Development, China’s Fosun and Abu Dhabi’s Eagle …

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The outlook for Greece’s banking system remains positive on expected improvements in banks’ funding and asset risks, Moody’s Investors Service said in a report released on Monday. “Moody’s expects more deposit growth and a gradual fall in problem loans,” said Nondas Nicolaides, VP-Sr Credit Officer at Moody’s. “Banks should remain …

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Greece’s banks will operate with a new schedule as of May 2, cutting half an hour from the service they offer to the public. Banks will be open to public from 08:00 a.m. until 02:00 p.m. from Monday to Thursday and not until 02:30 as it used to be. On …

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Greek banks will be assigned with the role of the big brother and will monitor when a safe deposit box is visited by its owner, respectively the tax payer. The banks will record every move by the box owners and report it to the tax office if and when necessary, …

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Greece’s four systemic banks plan to reduce the non-performing loans between now and 2021 by 50 billion euros ($ 56 billion), the CEO of Piraeus Bank, told CNBC on Tuesday. In the case of Piraeus, the aim is to reduce the NPLs by 15 billion euros until 2021, CEO Christos …

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Greek Government spokesman Dimitris Tzanakopoulos dismissed alleged leaks to the press over the banks’ capital adequacy as “journalistic distortion and scaremongering”. In an interview with 24/7 FM on Monday, Tzanakopoulos said “These leaks did not start from any statements by (government vice-president Yiannis) Dragasakis. These are a figment of some …

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