Greek prosecutors are looking into a series of loans which the state bank issued from 2007-2012 and which resulted into 500 million euros of losses for the bank.

Former Hellenic Postbank CEO, Angelos Filippidis was arrested in Turkey, after being detected by his cellphone and is being held at the Malpepe prison.

The possibility for an immediate return of three banks to the private sector is being examined by the government. A bill to be tendered on 20 January will make possible the privatization of Ethniki, Piraeus, and Alpha Bank.

Main opposition Radical Left Coalition (SYRIZA) MP Petros Tatsopoulos on Thursday submitted his resignation from the party to SYRIZA leader Alexis Tsipras.