Bank de­posits grow as cap­i­tal in­creases near

Kathimerini English - - Front Page -

Greek lenders saw de­posits rise af­ter cap­i­tal con­trols were eased as they pre­pare to re­build their buf­fers bat­tered by the eco­nomic slump, said a Bank of Greece of­fi­cial with di­rect knowl­edge of the mat­ter. De­posits in­creased by about 1 bil­lion eu­ros since banks re­opened on July 20, said the of­fi­cial, who asked not to be iden­ti­fied be­cause the in­for­ma­tion is pri­vate. A Euro­pean Cen­tral Bank-led re­view of the qual­ity of banks’ books and a stress test will be com­pleted by mid-Oc­to­ber to help de­ter-

OLP plan prob­lems. The gov­ern­ment’s plan to strip Pi­raeus Port Au­thor­ity (OLP) of its ad­min­is­tra­tive and reg­u­la­tory re­spon­si­bil­i­ties and al­lo­cate them to new author­i­ties rather than the in­de­pen­dent en­tity set up for that pur­pose a year ago is likely to meet with op­po­si­tion from the mar­ket, the port’s users and Brus­sels, observers say.

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