Search Results: bank

A sophisticated fraud scheme emptied the bank accounts of a Greek family in Volos, leading to a request for Interpol's assistance.

Greece’s real GDP in the first nine months of 2024 increased by 2.3% on a year-on-year basis

Today's Bank of Greece Interim Report on Monetary Policy depicts a healthy economy, but warns that stronger growth is needed to fully overcome the economic crisis.

Attica Bank emphasized that these changes reflect its commitment to providing competitive and high-quality services.

For transfers up to 5,000 euros, a fee of up to 1 euro will be charged, either fully borne by the sender or shared equally between the parties.

Greek banks face a €100M budget impact as new measures slash fees for remittances, bill payments, and ATM use.

Well-known US hedge fund manager John Paulson speaks to the Sunday edition of “To Vima” and details his optimism over the course of the Greek economy

It is the fourth cut of interest rates by Europe’s central bank, a move expected by the markets and financial analysts leading to the rate settling at 3%.

Despite a housing shortage in urban areas, Greek banks and servicers in the country hold residential property with a book value of more than eight billion euros

Addressing banking fees, the prime minister emphasized the need for a more competitive banking system that benefits borrowers and depositors alike.

Minister Costis Hatzidakis promised measures to deal with 3 main grievances vis-à-vis the country’s banks, namely, the spread between the paltry interest rates for deposits, as compared with rates tacked on to borrowing

Kyriakos Mitsotakis spoke during Parliament debate on a draft bill dealing with the minimum monthly wage rate, which was later ratified by a majority of deputies, 157 out of 300

The prime minister specifically referred to recent speculations regarding his government’s intention of imposing an extraordinary tax on banks, by dismissing any such prospect as unfounded.

Ordinary Greeks and businesses are dipping into their savings to manage the detrimental impact of rising costs, as the latest official data from the Bank of Greece (BoG) shows. The data revealed that private sector deposits were down by €2.258 billion in October 2024, a stark contrast to the €2.324 billion increase recorded in the […]

The German bank highlights Greek banks are in the position to manage a possible cut in interest rates by the European Central Bank

The Bank of Greece Governor defended the independence of central banks amid criticism from U.S. President-elect Donald Trump, who had publicly commented on Federal Reserve Chair Jerome Powel

Another key topic of discussion with investors was the upgrade of medium-term guidance for the 2025-2026 period by several banks.

Looking ahead to the next three years, Euroxx predicts that Greek banks will lead in dividend payouts, with distribution yields exceeding 10%.

Bank of America (BofA) recently increased its target prices for several Greek banks, with the target price for Eurobank raised to €2.84 from €2.76.

The agency explains that fund disbursements through the banking sector will help offset pressures anticipated on interest margins beginning in 2025, due to expected rate cuts by the European Central Bank (ECB).