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Banking
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EconomyBanking
HFSF executive board members resign The Hellenic Financial Stability Fund (HFSF) said on Wednesday that all three of its executive board members - Aris Xenofos, CEO, George Koutsos, Deputy CEO and Anastasios Gagales, member - have resigned.
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EconomyMacroeconomy
Minor changes in Greek deposit and lending interest rates in May Greek households’ new time deposit rate slightly eased for the fifth straight month in May, when they fell by by 2 basis points (bps) to 0.85 percent from 0.87 percent in April, Bank of Greece (BoG) data displayed on Tuesday.
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EconomyMacroeconomy
Credit contraction accelerates to 2 pct in May on increased loan deductions of 357 mln Greek bank credit contraction edged up to 2 percent in May, after slowing to 1.9 percent in April, Bank of Greece (BoG) figures displayed on Monday.
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EconomyMacroeconomy
Deposit flow turns positive in May with inflows of 184 mln The flow of Greek private sector deposits turned positive in May with inflows of 184 million following outflows of 59 million in April, Bank of Greece (BoG) figures displayed on Monday.
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EconomyBanking
ECB reinstates waiver in first step towards improving liquidity conditions for Greek banks As expected, the European Central Bank’s governing council decided on Wednesday evening to reinstate the waiver on Greek government securities, which was lifted on February 4, 2015.
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EconomyBanking
NBG completes sale of Finansbank to Qatar National Bank NBG announced on Wednesday afternoon the transfer of its 99.81 percent stake in the Turkish Finansbank to Qatar National Bank (QNB).
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EconomyMacroeconomy
Eurosystem funding drops by another 3.9 bln in May, ELA down 2.1 bln Greek banks’ Eurosystem funding fell again in May for the 11th successive month, declining by 3.86 billion euros after a 1.88 billion drop in April, Bank of Greece's (BoG) monthly financial statement showed on Monday.
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EconomyMacroeconomy
Corporate lending rates resume upward trend in April, time deposit rate stable Greek households’ new time deposit rate slipped by 1 basis point (bp) to 0.87 percent in April from 0.88 percent in March, Bank of Greece (BoG) data showed on Friday.
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Economy
ECB holds off on reinstating Greek waiver, waits for completion of prior actions Despite expectations to the contrary, the European Central Bank’s governing council did not reach a decision on Thursday regarding the reinstatement of waiver on Greek government securities.
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EconomyMacroeconomy
Access to finance remains far bigger problem for Greek SMEs compared to euro area peers The latest ECB semi-annual survey on the access to finance of enterprises for the six months ending in March 2016 showed that Greek SMEs continue facing the most notable obstacles in financing among their eurozone peers.