Displaying items by tag: greek banks

Shipping revenues grew 20 pct in the last four years despite the imposition of capital controls in 2015, highlighting the industry's contribution in the Greek economy, Governor of the Bank of Greece Yannis Stournaras said on Wednesday.

Banks reportedly reassured the Greek Ministry of Investment and Development Thursday that they would suspend the increases in bank transaction fees scheduled to take effect on November 1.

Moody's upgraded Greek banks on Tuesday, days after providing a "vote of confidence" for the Greek economy. Specifically, Moody's upgraded the long-term deposit rating for National Bank of Greece, Alpha Bank and Eurobank Ergasias, to Caa1 to Caa2, while re-affirming its rating for Piraeus Bank and non-systemic Pan-Cretan Cooperative Bank, at Caa2.
Additionally, Moody's retained its long-term rating for non-systemic Attica Bank, at Caa3.