Tag Archives: deposits

Greek government officials appeared reassuring regarding the global banking turbulence’s triggered by the crisis in Credit Suisse and the collapse of the Silicon Valley Bank and some other US banks. “Our banks guarantee deposits,: said government spokesman Giannis Oikonomou on Thursday adding that “the Greek banking system and our economy …

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Deposits placed by the private sector decreased by 591 million euros in November 2022, compared with a decrease of 550 million in the previous month and the annual growth rate decreased to 4.5% from 5.9% in the previous month, the Bank of Greece said on Thursday. The central bank, in …

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Finance Minister Christos Staikouras gave the banks 10 days to proceed “immediately and bravely” with an increase in interest rates on deposits and a reduction in interest rates on new loans. He described the 4.86% interest rate on new loans in October as “unacceptable.” Speaking to Skai TV on Saturday, …

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The European Central Bank piled on another outsized interest rate hike aimed at squelching out-of-control inflation, increasing rates Thursday at the fastest pace in the euro currency’s history and raising questions about how far the bank intends to go with the threat of recession looming over the economy. The 25-member …

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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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Greeks love cash and have billions of euros in deposits abroad. According to a survey report by the Foundation for Economic & Industrial Research (IOBE), 19% of the mobile assets of Greek businesses and households are outside Greece. By the end of 2018, they amounted 57.5 billion euros. With 10.4%, …

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In September 2019, the annual growth rate of total credit extended to the domestic economy stood at -0.9% from -0.7% in the previous month, while the monthly net flow was positive at €182 million, compared with a negative net flow of €555 million in the previous month. The annual growth …

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Greek private sector bank deposits rose in August for the sixth successive month, the Bank of Greece said in a press release on Thursday. Businesses and household deposits increased to 139.72 billion euros  from 138.64 billion in June. In August 2019, deposits placed by the general government decreased by €418 …

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Deposits at Greek banks by private households and non-profit institutions increased in the month of March, the Bank of Greece said in its monthly report. Press release by the BoG: In March 2019, the annual growth rate of total credit extended to the economy stood at -0.5% from -1.2% in …

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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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The Bank of Greece (BoG) announced that private sector deposits in the country increased by 52 million euros in September, compared to the previous month, reaching 1.047 billion euros in the country. The annual growth rate stood at 4.6 percent on a monthly basis, as capital controls remain in force …

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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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Delays in the talks between Greece and its lenders have brought back the ghost of Grexit.  The grave disagreement between the International Monetary Fund and the European lenders, Grexit bombshell flying around and Greece’s reluctance to accept additional austerity measures have increase uncertainty among citizens – for one more time. …

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The “dizzying” amount of 120 bullion euro left the Greek banks during the years of the crisis. Moreover, 45 billion euro left the banks during the last year. 80% of this amount, that is some €36 billion are been kept in homes, company safes or in bank lockers. These revelations …

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The Greek authorities will try everything to get back to the banks what depositors withdrew before the capital controls were imposed on June 29th 2015. The financial ministry and its high-ranking state officials and interim government ministers are determined and will try everything to get the money back to the …

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Greece’s new bank-failure law puts uninsured depositors at risk because it ranks them below state claims in an insolvency or resolution, Moody’s Investors Service said on Monday. The law is “credit negative” for bondholders and uninsured depositors because of the limits on using public funds for bank resolution and because …

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There was this story I heard by a friend. It must have been beginning of February or so. He told me, he was advised by an employee of the bank were he had his savings to withdraw them – take it at home, dig a hole in the garden. I …

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Are you one of the few chosen ones with euro savings at the bank? Are you shocked every time you go get your “profit” from the interest rates to see a handful of coins landing in your purse?  You complain to the bank and get the standard answer “There is …

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Greek central bank governor Yannis Stournaras said on Thursday that Greek banks were solid and under control, a day after the European Central Bank denied them use of Greek bonds as collateral for loans. “Deposits and liquidity are absolutely safe,” Stournaras, who is also a member of the European Central …

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Greek Businessman Anonymous: he allegedly stuffed €500,000 in cash in his luggage and flew to Cyprus to deposit the money in local banks. However the banks refused to accept the money as he had no documents to prove where the money came from or if it was declared to the …

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