Tag Archive | "Bank"

Plans for development bank to finance SMEs

The government is making medium-term plans for the creation of a development bank whose exclusive function will be the funding of small and medium-sized enterprises (SMEs) and youth entrepreneurship, Economy Minister Giorgos Stathakis announced on Monday. Full News here – Latest News

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Bank of Greece governor: uncertainty poses biggest risk to economy

Bank of Greece Governor Yannis Stournaras said on Friday that uncertainty posed the biggest risk to derailing the Greek economy and to the sacrifices made by the Greek people in previous years being lost, stressing the need for fiscal balance and competitiveness to be restored. Full News here – Latest News

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ECB glimpse of Cyprus debt shows limits of bank cleanup

There was a time when a Cypriot on a moderate income could take a gamble on foreign real-estate worth more than his life savings. Full News here – Latest News

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EU investment bank sees no new projects in Greece

The EUs investment bank said Monday it sees no need for new projects in Greece, focusing its efforts elsewhere to get the European economy back on track. Full News here – Latest News

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ECB can veto bank appointments

The European Central Bank (ECB) has issued a terse warning to Greek banks, and particularly to the government in Athens, via its Single Supervisory Mechanism (SSM), over plans to overhaul lenders’ management. Full News here – Latest News

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Greek bank bonds slide after premier refuses to extend program

Bonds of Greece’s banks extended declines, with notes of National Bank of Greece SA falling to a record, after Prime Minister Alexis Tsipras reiterated his government’s rejection of the country’s bailout program. Full News here – Latest News

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Panayiotis Roumeliotis poised for bank bailout fund chair

The managing director of the HFSF bank bailout fund, Anastasia Sakellariou, is seen on her way to visit Deputy Prime Minister Yiannis Dragasakis on Friday. Full News here – Latest News

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Greek central bank says deposit outflow situation under control

Greece’s central bank said on Sunday that the situation with deposit outflows from the country was under control, as it tried to reassure markets ahead of a Jan. 25 snap election. Greek media have reported that there have been significant deposit outflows… … Full News here – Latest News

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German bank exposure to Greece around 23.5 billion euros

German banks have around 23.5 billion euros ($ 28 billion) in credit exposure to Greece, but the systemic risk is limited as the biggest commercial banks, Deutsche Bank and Commerzbank, hold only a tiny fraction of that, according to figures gathered by Re… … Full News here – Latest News

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Bank officials appeal for period of calm

The local credit system’s cash flow is sufficient to cover the needs of the state, enterprises and households over the coming period, sources from the central bank as well as top lender officials assured on Monday. They did warn, however, that for this no… … Full News here – Latest News

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‘Anarchist Attack Consortium’ claims responsibility for failed bank bomb

A group calling itself “Anarchist Attack Consortium” has claimed responsibility for a failed bombing attack against a bank in the early hours of December 10 in the northern Athenian suburb of Halandri. In a posting on anarchist website Indymedia, the grou… … Full News here – Latest News

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Alpha Bank in deal to manage problem loans

Greece’s fourth-largest lender Alpha Bank will launch a joint venture with Spanish financial services firm Aktua Soluciones Financieras to manage a substantial chunk of its non-performing loans, it said on Wednesday. Alpha and Greece’s other big banks rem… … Full News here – Latest News

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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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