Tag Archive | "Bank"

Greece needs political consensus for steady growth, says central bank

Greece’s central bank slightly raised its forecast for economic growth this year to 0.7 percent and predicted growth of 2.5 percent in 2015, but warned political consensus was needed to ensure a return to steady growth. “The immediate elimination of uncer… … Full News here – Latest News

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Bank of Cyprus shares to resume trading on Dec. 16

Bank of Cyprus shares will resume trading on the Cyprus Stock Exchange on Dec. 16, bourse authorities said on Friday, some 21 months after the stock was suspended during a chaotic bailout of Cyprus. The stock will start trading at 0.24 euros a share, the … … Full News here – Latest News

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Greek police destroy bomb outside bank following warning call

Greek police on Monday morning destroyed a bomb by controlled explosion outside a bank in northern Athens, following a warning call to a newspaper. There was no damage or injuries. Police said the site in the suburb of Halandri was evacuated and cordoned … … Full News here – Latest News

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Debt relief ‘still needed’ says Bank of Greece chief

Bank of Greece Governor Yannis Stournaras has called for a compromise between Athens and the troika in an interview with Sunday’s Kathimerini, while also insisting that the eurozone should provide Greece with further debt relief. “It is in the interests o… … Full News here – Latest News

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Bank restructuring plan check to be a mere formality

National Bank, Piraeus and Eurobank have submitted their restructuring plans to the European Central Bank for approval, but their examination by Frankfurt will be mostly academic. As the ECB had stressed during the presentation of its stress test results … … Full News here – Latest News

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Probe into manipulation of bank stocks

The Capital Market Commission is investigating 150 stock transactions that took place last spring and are suspected of having broken regulations on naked short selling as foreign investors are believed to have sold bank stocks they did not in fact own in … … Full News here – Latest News

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10/31/2014: Front Page: Civil servant bank transfers probed

More than 5,000 civil servants are under investigation for transferring some 1.5 billion euros to foreign bank accounts since 2010, when Greece’s economic crisis erupted, the Administrative Reform Ministry revealed yesterday. Based on ministry data, a… Full News here – Kathimerini English

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10/29/2014: Front Page: Bank results buoy gov’t

Prime Minister Antonis Samaras and Deputy Pre- mier Evangelos Venizelos are to resume talks this week in preparation for the resumption of the troika review, buoyed by the positive results from the bank stress tests on Sunday. The fact that the… Full News here – Kathimerini English

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Greek bank deposits rise for seventh straight month in September

Greek bank deposits rose in September for the seventh straight month, central bank data showed on Monday. Business and household deposits rose to 164.75 billion euros ($ 209.2 billion) from 164.23 billion euros in August, the Bank of Greece said. [Reuters]… … Full News here – Latest News

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Attica Bank puts off cash call vote until next month

Small Greek lender Attica Bank postponed to next month Monday’s shareholder vote on a 434-million-euro ($ 550.5 million) cash call to plug a capital shortfall, saying it needed more time to finalise talks with foreign investors. Shareholders agreed to reco… … Full News here – Latest News

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Greece’s Alpha Bank sheds 21 pct of staff via voluntary exit plan

Greece’s fourth-biggest lender Alpha Bank said on Monday that about 21 percent of its 10,000 employees took up a voluntary redundancy offer the bank launched last month as part of moves to cut costs. Alpha had aimed to cut about 15 to 20 percent of its wo… … Full News here – Latest News

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Alpha Bank launches voluntary dismissal program

Greece’s fourth-largest lender, Alpha Bank on Monday announced that it is launching a voluntary dismissal program as part of cost-cutting efforts, the state-run Athens-Macedonia News Agency said. Employees at the bank have until September 30 to apply for … … Full News here – Latest News

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National Bank top brass optimistic on economy, stress tests

Top National Bank of Greece officials expressed optimism on Friday that the country will emerge from the financial crisis and certainty that Greek banks will grow stronger following the European stress tests. Addressing an NBG event in Thessaloniki, Chair… … Full News here – Latest News

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Central bank takes aim at non-performing loans

The Bank of Greece’s latest code of ethics, aimed at offering solutions to both banks and debtors to deal with nonperforming loans, was approved on Monday by the Credit and Insurance Matters Committee. The list of measures in the code of ethics, which arr… … Full News here – Latest News

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Bank shares on wild ride amid test fears

The overall uncertainty regarding how Greek banks will emerge from October’s stress tests to be conducted on all EU banks has fueled a summer of distress and fluctuation for local banking stocks. Last week, the banks index at the Athens bourse rose 6 perc… … Full News here – Latest News

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