Browse through our Interesting Nodes for Real Estate Services in Greece Read the Convention Relating to the Regime of the Straits (24 July 1923) Read the Convention Relating to the Regime of the Straits (24 July 1923)
HR-Net - Hellenic Resources Network Compact version
Today's Suggestion
Read The "Macedonian Question" (by Maria Nystazopoulou-Pelekidou)
HomeAbout HR-NetNewsWeb SitesDocumentsOnline HelpUsage InformationContact us
Friday, 29 March 2024
 
News
  Latest News (All)
     From Greece
     From Cyprus
     From Europe
     From Balkans
     From Turkey
     From USA
  Announcements
  World Press
  News Archives
Web Sites
  Hosted
  Mirrored
  Interesting Nodes
Documents
  Special Topics
  Treaties, Conventions
  Constitutions
  U.S. Agencies
  Cyprus Problem
  Other
Services
  Personal NewsPaper
  Greek Fonts
  Tools
  F.A.Q.
 

Athens Macedonian News Agency: News in English, 17-02-28

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

  • [01] Greek banking system stabilized in 2016, banking body told PM Tsipras
  • [02] Actor Giorgos Kimoulis appointed president of SNFCC, says finance ministry

  • [01] Greek banking system stabilized in 2016, banking body told PM Tsipras

    The Greek banking sector stabilized in 2016 showing clear signs of improvement, the Hellenic Bank Association (HBA) said in a press release on Tuesday after a meeting of the body's leadership with Prime Minister Alexis Tsipras.

    According to HBA, banks returned to operating profitability and further strengthened their capital ratios, which remain at high levels. Furthermore, their liquidity improved as deposits totaling 4.2 billion euros returned and banks drew funding agreements from international markets worth 18.8 billion euros. At the same time, banks limited their dependence on liquidity from the Eurosystem by 40.9 billion euros.

    However, in the first two months of 2017, the uncertainty surrounding the completion of the program review had a negative impact on the economy and the sector. Initial data show bank deposits fell, the stabilization and the decline in the level of non-performing loans has begun reversing, while the access to the international money markets is being limited. At the same time, the climate, demand for loans and clients' trust appear to be negatively affected, HBA said.

    These effects however are still reversible and it is possible to restore the positive prospects. Concluding the second program review by settling outstanding technical issues should be combined with the country's participation in the European Central Bank's (ECB) quantitative program, along with a fixed commitment on the side of the creditors to restructure Greece's debt, and without demands for maintaining high primary surpluses for many years which would trap the economy in stagnation.

    HBA was represented by Board President Nikolaos Karamouzis, Vice-Presidents Giorgos Hatzinikolaou, Panagiotis Thomopoulos and Vasilios Rapanos and General Secretary Hariklia Apalagaki.

    [02] Actor Giorgos Kimoulis appointed president of SNFCC, says finance ministry

    Actor and director Giorgos Kimoulis was appointed President of the Stavros Niarchos Foundation Cultural Center, the finance ministry announced on Tuesday.

    The president and the members of the board were selected by the Greek state, after the Center passed into state control during a ceremony last Friday. The board is comprised of Nikos Manolopoulos (CEO), Matina Stea (member), Andreas Notaras (member), Dimitris Karnavos (member-Mayor of Kallithea, Giorgos Koumendakis (member-representative of the National Opera) and Dimitris Dimitrsopoulos (member-representative of the National Library).


    Athens News Agency: News in English Directory - Previous Article - Next Article
    Back to Top
    Copyright © 1995-2023 HR-Net (Hellenic Resources Network). An HRI Project.
    All Rights Reserved.

    HTML by the HR-Net Group / Hellenic Resources Institute, Inc.
    ana2html v2.01 run on Tuesday, 28 February 2017 - 21:38:06 UTC