Bank of Greece

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.

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.

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.

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