Tag: Greek bank

bank

Changes to banking in Greece due to the pandemic

Greece’s banking system is taking another step towards digitalisation. According to an announcement by the Hellenic Bank Association (HBA), a series of transactions are no longer taking place at bank counters, in…

Mario Draghi

Athens honours the Italian banker who “saved” the EU

The prestigious Academy of Athens, yesterday honoured the outgoing European Central Bank (ECB) President Mario Draghi, for his role in rescuing the European economic and monetary union and for his response and…

Greek bank shares drop due to overreaction 8

Greek bank shares drop due to overreaction

A Financial Times report referencing the significant drop in bank share prices yesterday at the Athens Stock Exchange, noted nonetheless Greek banks are still well recapitalised and follow the schedule agreed with…

Greek banks get much needed ratings upgrade 10

Greek banks get much needed ratings upgrade

Greek banks received a boost on Tuesday by ratings agency Moody’s who upgraded the long-term deposit ratings of Piraeus Bank and the National Bank of Greece to “Caa2” from “Caa3”, and affirmed…