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Capital controls to be abolished ahead of schedule
EconomyBankingChristos Staikouras said that all restrictions currently in place would be lifted on Sunday, September 1.... By October 2018, this was increased to 10,000 euros and all restrictions on cash withdrawals were lifted
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H1 bank results show performance stabilising, laying ground for further improvement
EconomyBankingbillion in the first half of the year. Encouragingly, all banks reported ongoing actions on the loan... by their CEOs, all banks were optimistic about the further improvement of their balance sheets
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Mitsotakis takes growth message to Thessaloniki, keeps eye on bond profits
PoliticsGreek Politicsand areas of potential cooperation. In all three of the visits (The Netherlands, Germany and France... for all” and Mitsotakis will stress the steps being taken by his government to help businesses
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VAT gap remains high as non-compliance overtakes revenue rise
EconomyFeaturesof all EU 28 countries. Based on the VAT collection figures available, the total amount of VAT lost... a country could theoretically generate if it applied a uniform VAT rate on all goods and services
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Athens submits APS plan aiming to remove up to 30 bln of NPLs from bank balance sheets
EconomyBankingBrussels. The report adds that the government has received assurances from all four systemic banks..., split across three portfolios. In the statements made by their CEOs, all banks were optimistic about
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New twist in Hellinikon saga as Lamda goes it alone
Economyfor the country. The project was mired in all sorts of delays and obstacles, from ministerial... is in advanced talks with all the Greek systemic banks regarding the required credit lines. Apart from getting
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Newsletter 220 -20/09/2019
received assurances from all four systemic banks that they will participate in the APS. Speaking... by 2.86 billion euros. As of August, ECB funding made up 100 percent of all Eurosystem funding
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Newsletter 221 -27/09/2019
with officials from the Greek banks and the finance ministry, it was confirmed that all banks... into a major political battleground. They accuse the government of trying to do away with all
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Overall loan interest rate edges up to 4.68 pct in August
EconomyMacroeconomyThe overall weighted average interest rate on all new loans to households and non-financial corporations came to 4.68 percent in August, up 11 basis points (bps) from the rate of 4.57 noted in July... weighted average interest rate on all existing loans stood at 4.09 percent, down by 2 bps while
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Newsletter 222 -04/10/2019
the NPL challenge facing local banks. The Greek proposal still has to receive the all clear from DG... weighted average interest rate on all new loans to households and non-financial corporations came
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