Greek Banks 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 »

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 »

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 »

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 »