Bank of Greece

Despite restrictions imposed by capital controls, 968 bank branches opened for 1.5 million pensioners who do not use cash cards for ATMs after heartwrenching scenes of the elderly weeping outside banks on Monday made international headlines.

Standard & Poor’s rating agency cut Greece’s credit grade by one notch further into junk status amid the country’s deteriorating financial situation. The agency says it now sees a 50-percent chance of Greece leaving the eurozone.

Greek-owned banks in the Balkans region were open on Monday, paying out cash and issuing loans -- in contrast to Greece, where a bank holiday and capital controls went into force, Reuters reported.

The Turkish banking sector?s eyes are on Finansbank, 99.8 percent of which is owned by the National Bank of Greece (NBG), after the dramatic deterioration in the Greek economy, while a high level representative in Finansbank said any concerns about the bank?s deposit are baseless. 

The European Central Bank rejected Greece's request for 6 billion euros of additional emergency funding on Sunday but is expected to keep the funding line used by Greek banks open until the July 5 referendum, people with knowledge of the matter said.

Bulgaria is among the countries with highest fiscal risk in the light of a possible Grexit scenario according to a Bloomberg report.

The Bank of Greece announced on Monday that it would only carry out transactions related to the Greek state, legal entities of public law and social security funds from Monday, June 29, until July 7. The announcement issued stated no other transactions would be carried out.

 In wake of MPs approving plebiscite, gov't agrees to emergency measures after ECB decides not to lift limit on liquidity

Following the meeting of its Governing Council on Sunday, the European Central Bank (ECB) decided to maintain the ceiling of Emergency Liquidity Assistance (ELA) to Greek banks at its Friday level.

ECB noted the decision of Greek authorities to hold a bailout referendum on July 5 and the non-prolongation of the EU adjustment programme for Greece.

The ECB declined to grant extra cash to help Greeces stricken banking system on Sunday as the government weighed up drastic new measures to contain a growing financial crisis.