Banking

Sounds familiar? I surely hope not. If this is the case at your office then you probably work in a psychologically unsafe place which was created by a bad manager. When the communication becomes hostile, defensive, full of verbal battles, emotional withdrawal, or even worse - silence, then this is a clear evidence of a very low level of trust.

Minos Zombanakis was one of the great financial innovators of his age, leading the wave of change which transformed the banking world in the latter part of the 20th century. His major contribution was a new type of loan which enabled banks to club together across borders to lend large sums of money to corporations and countries, the so-called syndicated loan.

Greece must regain market confidence as soon as possible and tap bond markets before an available cash buffer is depleted to demonstrate that its economy has emerged from crisis, the central bank said in a monetary policy report on Thursday.

The level of the interbank offered rate ROBOR, which serves as benchmark for floating-rate loans in lei, is attributable to the entire country, it depends on the domestic realities and first of all on the inflation rate, therefore one cannot say that the banks are greedy because they increase this index due to certain disorders of the economic system, on Tuesday night said for the private Digi

The government puts forward as of 1 January 2019 a duty called "tax on greed" on the financial-banking institutions, in case the 3-month and 6-month interbank offered rate ROBOR, which serves as benchmark for floating-rate loans in lei go over a certain value, the impact of such measure being able to reach 3 billion lei (rd 645 million euro, ed.

The European Central Bank has lowered the ceiling on emergency liquidity assistance (ELA) Greek banks draw from the domestic central bank by 900 million euros to 4 billion euros, the Bank of Greece said on Thursday.

The move reflected improved liquidity conditions, taking into account private sector deposit flows and banks' access to wholesale financial markets, it said.

Japonica Partners head Paul Kazarian has revealed his investment firm is looking into opportunities in the Greek market and added that state assets require improved management to become more attractive to investors.

Moody's views the Bank of Greece plan to manage nonperforming loans as a credit positive development for the country's lenders. The rating agency said in a report on Thursday that the plan will also improve the quality of banks' asset portfolios thanks to the reduction in the rate of deferred tax credits.

Greece may risk a new financial crisis if its banks do not succeed in ridding their balance sheets of their bad loans, news agency Bloomberg said in an article on Friday.

Bloomberg said "crippled banks remain one of the biggest hurdles" to Greece's economic recovery, noting those loans make up almost half of total lending.

Greece's central bank unveiled a proposal on Thursday it said could remove a mountain of bad loans from banks' balance sheets to a single-digit ratio within two to three years, hoping to beat a deadline set by regulators.