Financial Stability Fund

JPMorgan remains positive about the prospects of Greek banks in a research report reflecting their second-quarter results.

Analyzing the profile of each of the "big four" banks (Alpha, Eurobank, National and Piraeus), the US bank notes the catalysts that could unlock more value and profits for shareholders.

The underwhelming activity at the Athens Stock Exchange continued Thursday, with the general index closing with gains this time, after two sessions with losses, but with the same low turnover and narrow trading band.

The bank that will result from the merger of Attica Bank and Pancreta Bank is aiming at becoming a strong fifth pole in Greek banking, besides the current "big four" (Alpha, Eurobank, National, Piraeus).

Greek Finance Minister Euclid Tsakalotos met with Bank of Greece (BoG) Governor Yannis Stournaras at the Finance Ministry Friday. The two men discussed the pressing issue of the timetable for the recapitalization of Greek banks, a matter which is at the heart of negotiations with the institutions currently in Athens.

Main opposition New Democracy Parliamentary spokesman Kyriakos Mitsotakis on Friday demanded that FinMin Yanis Varoufakis explain why Parliament wasn’t briefed that unused funds allocated to the Financial Stability Fund did not remain in the country, as prescribed by a relevant law.