Displaying items by tag: banks

The institution of the Recovery Fund should be made "permanent" as a development intervention and rapid completion of the banking union with the exception of deposits from the bail-in process and the creation of a credit line by the ECB for the consolidation of banks.

Bank withdrawals up to 400 euros in cash on a daily basis must be done through an ATM machine and not through a teller, the Hellenic Bank Association (HBA) said, introducing measures to discourage in-person transactions at banks as of Tuesday (March 24), during the coronavirus pandemic.

The Greek government is attempting to make use of the EUR 37 billion pillow to help banks try to reduce their “red” loans in their portfolios.