Hellenic Bank Association

Fresh capital control easing pondered

The government is planning to further relax the capital controls it imposed almost four years ago by the end of the month in a bid to make is easier for businesses to conduct transactions. The easing of restrictions was discussed in a meeting between creditors' mission chiefs and the leadership of the Finance Ministry, the Bank of Greece and the Hellenic Bank Association on Tuesday.

Plan to protect more funds in accounts of paying debtors

In cooperation with the Hellenic Bank Association, the Independent Authority for Public Revenue intends to raise the amount of money in a debtor's bank account that will be protected from confiscation if the account holder is consistent in servicing their arrears to the state in late February.

Greek credit sector is healthier and thriving on technology

Just 26 percent of banking transactions in Greece are carried out at bank branches today, against a backdrop of growing confidence in the local credit sector, which itself is experiencing increasing strength and progress, delegates at the Delphi Economic Forum's session on banking said on Thursday.

ECB: Greek banks' special status at risk

Without a post-bailout program framework, the special status allowing Greek banks to enjoy European Central Bank financing will be lost, ECB governing council member Benoit Coeure is said to have told Greek bankers on Monday in Frankfurt, while Bundesbank President Jens Weidmann also expressed support for such a framework for Greece.

Banks eager to hear stress test parameters

The parameters of the adverse scenario stress tests scheduled in February on Greece's banks, with an emphasis on property values, will be at the focus of talks between the Hellenic Bank Association, led by Nikos Karamouzis, and the head of the European Central Bank's Single Supervisory Mechanism (SSM), Daniele Nouy, on January 15.

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