National Bank

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Citizens lash out at Labour Minister before PM Tsipras’ speech

A group of Greek citizens lashed out at Labour Minister Giorgos Katrougalos on Monday in the center of Athens.

The incident took place at Kotzia square while the minister and other government officials were heading to Mela Mansion of National Bank in order to attend the speech of Greek Prime Minister Alexis Tsipras.

Katseli reassures on “red” loans: Those who are cooperative borrowers should not be afraid

“Those who are cooperative borrowers and it is objectively impossible for them to pay off their loans should not be afraid of the auctioning of their primary residence,” the president of Hellenic Bank Association and National Bank governor Louka Katseli  answered to a clarifying question of Athens News Agency on the code of conduct of the Bank of Greece.

The recapitalization of banks is part of the economy’s normalization, Katseli says

The president of Hellenic Bank Association and National Bank governor Louka Katseli in a meeting with the National Confederation of Commerce and Entrepreneurship (ESEE) said she is in favour of second business opportunities and the settlement of bad loans.

She also added that capital controls will be lifted early 2016.

NBG prez: Greek banks’ challenge is successful recapitalization without…bail ins!


The president of National Bank (NBG), the country’s largest credit institution, on Thursday raised eyebrows by saying that battered Greek banks face four challenges, listing a successful recapitalization as the first, while adding in quick order: “without a haircut of deposits, no matter the level”.