Bank of Greece
Greek cash budget surplus down during the first 9 months
According to data released by the Bank of Greece, the central government cash balance recorded a deficit of 2.499 billion euros in the period January – September this year, compared to a deficit of 2.213 billion in the same period in 2014.
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.
Tourist arrivals up 20.8 % for Jan-Jun period
According to the Frontier Statistical Survey conducted by the Bank of Greece, in the period January-June of 2015, arrivals of non-residents from abroad increased by 20,8%, compared with the corresponding period of the year 2014.
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Greek banks to reduce ELA borrowing
Greek banks are set to gradually reduce borrowing from the Emergency Lliquidity Assistance mechanism (ELA) as deposits stabilize following the imposition of capital controls in the country.
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Local, global banks eye stake in Turkish lender
A number of local and global lenders have expressed interest in buying a majority stake in Turkey's Finansbank, which is now owned by Greece's leading lender, the National Bank of Greece (NBG).
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A ‘tama’ from Tinos… Holy business from the votive offerings of the faithful
Our Lady of Tinos church, considered the capital of religious tourism in Greece, draws flocks of the faithful to the Aegean island. They come come to pray for a miracle to their woes bringing tamata (votive offerings), usually trinkets made of precious metals.
Greek govt circular lifts pension age, as pension rate drops
Greek Deputy Labor and Social Security Minister Tassos Petropoulos left open the possiblity of lifting the retirement age in Greece to over 67 years in a circular that outlines a number of changes for those retiring after July 1, 2015.
National Bank of Greece (NBG) to sell 100% stake in Turkish Finansbank
According to market sources National Bank of Greece (NBG) is planning to sell 100% of its stake in Turkish bank ‘Finansbank’. The same sources says the goal is to sell the shares of the Turkish bank at least double its ‘book value’, which corresponds to 3.8bln Euros. The pending ‘stress tests’ on the Greek banking system lead the management of the Greek bank to reevaluate its business plan.
Greece liabilities towards ECB payment system reached 2012 highs over summer
Greece’s liabilities to the euro zone’s bank payment system climbed in July to highs not seen since 2012, as fears that the SYRIZA-led country would exit the euro zone emptied bank vaults, figures announced by the European Central Bank showed on Monday.
Who are the 7 PMs of the Greek crisis?
The Greek debt crisis officially began in 2009 and, after failed dead end policies and lack of real change, it is going strong. Here are the seven prime minister that have lead Greece over the last eight years.
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