GREECE
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Deposit Withdrawn From Greek-Held Banks Go To Major Local Banks
Greek banks were unable to retain their customers worried about the potential spillover of the crisis abroad and lost more than EUR900 million in deposits last year, while banks with large n...
Central Bankers To Be Guardians Of Foreign Banks’ Exposure To Romania
Nine of the ten foreign banks that control local top ten lenders need billions of euros to recapitalize. Out of the ten-hour talks conducted by the leaders of the euro zone on Wednesday nigh...
CSSPP: Romanian Private Pension Funds Do Not Have Exposure To Greek Issuers
Romanian mandatory and voluntary private pension funds (Pillar II and III) do not have direct exposure to any investment instrument issued by institutions in Greece, said Mircea Oancea, pres...
Stewart, Raiffeisen: Greek Default Not As Shocking As A Year Ago
A potential default of Greece would clearly be bad, but this risk has been talked about so much that if it were to happen, it would not shock the world, as it would have a year ago, says Jam...
BNR Advises Greek Banks To Build Up Cash Reserves Just In Case
Officials of the six Greek bank branches went to the central bank to discuss action plans to be used in case of contingency.
Romania Will Need Plan B If Greece Exits Euro Zone
Finance ministries and central banks also work with scenarios that consider the exit of Greece from the euro zone and Romania should have a plan B for a prospective bankruptcy of Greece, in...
Romania Issues Travel Warning For Greece, Following Malaria Reports
Romania's Health Ministry warns people planning to travel to Greece that cases of malaria infection have been reported in the Peloponnese (south), and a person who returned to Romania after...
Greek Banks Raise Deposit Interests, While Big Banks Are Lowering Them
The thirst for liquidity of small and mid-sized banks has led to the re-emergence on the market of offers of leu-denominated deposits with interests of 7.5% to 7.75% a year, even though the...
Alpha Bank Injects EUR50M Into Romanian Subsidiary
Alpha Bank, the local subsidiary of one of the leading Greek financial groups, received a significant capital injection in June, of EUR50 million. Bank officials say the capital increase is...