Greek Banks Articles and News

Moody’s Upgraded The National Rating Of Greece

Moody's Upgraded The National Rating Of Greece National rating of Greece adjusted by two notches – with a Saa3 to Caa1. The Moody’s financial rating agency explains its increasing noticeable improvement of economic prospects. Read more »

Tax Cuts In Greece: The Public’s Expectations On A Background Of Creditors’ Skepticism

Tax Cuts In Greece: The Public's Expectations On A Background Of Creditors' SkepticismThe head of the Greek government Antonis Samaras promises to reduce taxes. Population hopes to take this step, but it is ready thereto, the country’s economy? Read more »

Property Taxes in Greece

Property Taxes in GreeceFrom 1 January 2014 in Greece came into effect a number of changes in tax legislation. Their goal is to encourage investment in the real estate of the country, which is still in a difficult economic situation. Read more »

Bank of Greece

Bank of GreeceBank of Greece is the central (formerly National) Bank of Greece. It was founded a bank in 1927 and began operations in 1928. Read more »

Piraeus Bank has become “Best Bank in Greece” in 2014

Piraeus Bank has become "Best Bank in Greece" in 2014Internationally renowned magazine Global Finance named Piraeus Bank “Best Bank in Greece” in 2014. The entire selection was carried out by editors Global Finance, based on detailed consultations with bankers, corporate financial executives and analysts from around the world. Read more »

Overview of the Greek Economy

Overview of the Greek EconomyGreece is an industrial-agrarian country. The country occupies the 37th place in the world in terms of GDP growth and 33rd – by purchasing power parity. According to the Human Development Index, 2007, inclusive, released October 5, 2009, Greece ranked 25th in the world and belongs to the “developed countries”. Read more »

The success of the recapitalization of Greek banks will depend on the return of their money in citizens

recapitalization of Greek banksThe success of the recapitalization of Greek banks will depend on the return on investments of about 20 billion euros, which citizens taken abroad or kept at home. Read more »

IMF worried that the Greek economy will require additional billions of euros

IMF worried that the Greek economy will require additional billions of eurosAnalysts of the International Monetary Fund warned that the next year in Greece may need further financial assistance in the amount of 11 billion euros. Read more »

In January-July recorded a primary surplus of Greece’s budget by 2.6 billion euros – the Ministry of Finance

Greece budgetIn the period from January to July this year recorded a primary budget surplus of Greece in the amount of EUR 2.6 billion, excluding the cost of servicing the national debt, as reported Deputy Minister of Finance of Greece Christos Staykuras. Read more »

Eurobank purchased Proton Bank

Eurobank purchased Proton BankThe General Council of the Greek Financial Stability Fund on Friday agreed that the bank will be sold to Proton Eurobank – one of the four largest Greek banks, as only the Eurobank submitted a binding offer, conforming to the requirements of the contest. Read more »

Piraeus Bank has increased its capital by 1.43 billion euros and will not be nationalized

Piraeus Bank has increased its capital One of the largest banks in Greece Piraeus increased its registered capital to 1.43 billion euros.
Thus, the bank has successfully overcome the threshold set by the Ministry of Finance of Greece for private banks as part of measures to improve the health of the banking sector. Read more »

The Merger of the Two Largest Banks in Greece is Canceled

The Merger of the Two Largest Banks in Greece CanceledThe Greek authorities have suspended the planned merger of the two largest banks National Bank of Greece and Eurobank, shortly after it was announced that their recapitalization will be held separately. Read more »

Useful Information for Travellers About Payments and Banks in Greece

Useful Information for Travellers About Payments and Banks in GreeceThe working day of Greek banks is very short – from 8:00 to 13:00 (maximum 14:00). Exchange offices are open until 20.00 even on the weekends, but they take higher exchange transaction fees – 1 to 2%. There are many ATMs accepting cards Visa, MasterCard, etc. It is also widely used traveler’s checks. Read more »

Four Greek Banks Looking to Buy National Hellenic Postbank

Greek Banks Looking to Buy National Hellenic PostbankFour Greek banks have applied for the purchase of state Hellenic Postbank, a controlling stake (44%) in which the state holds, reported by Reuters.  Read more »

Foreign Сapital Is Returning to Greece

Foreign investors are returning to Greece, to the extent that it reduces the fears of the country out of the euro zone. This could mean a turning point in the financial crisis facing the country, according to WSJ.  Read more »

Greece’s Economic Growth Will Begin in 2014

Greece's Economic Growth Will Begin in 2014The recession in Greece will cease at the end of this year and in 2014, its growth rate will be about 0.6 percent according to the European Commission – the highest executive authority of the EU.  Read more »

The Greek Economy Will Shrink in 2013 by 4.6%

The Greek economy in 2013 will be reduced by 4.6%, according to a report published by leading Greek center of expertise – IOBE. This forecast is slightly worse than that of the European Commission, which involves the reduction of GDP in Greece this year by 4.2%.  Read more »

Strategic Areas of National Bank of Greece in 2013

Strategic Areas of National Bank of Greece in 2013According to Alexander Tourkolias, CEO of National Bank of Greece, the Bank’s strategic goals in 2013 are creation and consolidation of new powerful “National Banking Group”, successful completion of the recapitalization process, ensuring liquidity and strengthening the real economy.  Read more »

Free Transactions From Public ATM Network Between GENIKI Bank, the former ATEbank and Piraeus Bank

Free Transactions From Public ATM Network Between GENIKI Bank, the former ATEbank and Piraeus BankPiraeus Bank announces that, from Wednesday, January 9, 2013 , all customers GENIKI Bank, the former ATEbank and Piraeus Bank may conduct free all their transactions through the most common network of 1,730 ATMs.

Alpha Bank’s Social Programs

Alpha Bank's Social ProgramsWith sensitivity and responsibility in the midst of difficult economic times in Greek economy, Alpha Bank continued to participate in important social projects, bringing human values ​​as a priority.  Read more »

Ten Years of Eurobank Equities Presence on Leading Positions in The Stock Market

Ten Years of Eurobank Equities Presence on Leading Positions in The Stock Market Eurobank Equities S.A. retain its leading position in the brokerage space in the last ten years, and in 2012 took the lead with a market share of 16.1%. The company has the largest brokerage network in Greece with 20,000 active retail customers.  Read more »

Emporiki MyLife plan – a System of Retirement Savings With a High Fllexibility

Emporiki MyLife plan - a System of Retirement Savings With a High FllexibilityThe new system of retirement savings “Emporiki MyLife Plan” created by Emporiki Bank, offering specialized services, products and solutions for those who wish to obtain additional private pension in the future, while maintaining a high degree of flexibility in terms of their current savings.  Read more »

Alfa-Bank Branches With Extended Schedule

Alfa-Bank Branches With Extended ScheduleList of Alpha Bank’s branches in Greece with extended opening hours. Read more »

Greek Banks Holidays 2013

There are official public holidays in Greece, announced by the Greek Ministry of Labour for the 2013 calendar year(*). Read more »

Net Borrowing of the Greek Government on a Cash Basis: January-November 2012

Net Borrowing of the Greek GovernmentIn January-November 2012 the central government cash deficit dropped to 7,737 million euros, compared with a deficit of 20,244 million in the same period of 2011. Read more »

Report of Recapitalization and Restructurization of the Greek Banking Sector

Report of Recapitalization and Restructurization of the Greek Banking SectorGreek banking sector in recent years has received a heavy blow from the combined effects of restructuring of Greek debt and unfavorable economic conditions for the banks’ assets and deposits.  Read more »