National Bank of Greece

By Christos Ziotis, Jenny Paris & Theophilos Argitis

Some Greek banks were beginning to limit cash transactions as hundreds of people lined up outside branches and drained cash machines after Prime Minister Alexis Tsipras called a referendum that could decide his country?s fate in the euro.

By Yalman Onaran

Greek banks, which received two capital infusions in the past two years, may need a third one as a recession drives up losses from bad loans.

By Lorcan Roche Kelly & Marcus Bensasson

While the government has shown resourcefulness to last as long as it has without defaulting, Tsipras's actions have taken a visible toll on Greece's economy, banking system and markets. An immediate gauge of the cost comes in plunging market capitalization of the Athens Stock Exchange.

By Marco Bertacche & Christos Ziotis

Greek banks, forced into a central bank liquidity lifeline, are poised to report sustained losses as they grapple with record deposit outflows and an economy that plunged into double-dip recession.

By Eleni Chrepa and Nikos Chrysoloras

Forthnet SA, Greece?s largest pay-TV provider, is speeding up talks with creditors on refinancing, its chief executive officer said.

Turkey?s Finansbank, owned by National Bank of Greece, said on Wednesday that its net profit in the first quarter more than doubled to 283 million lira ($106.83 million).

The bank?s net profit in the same period of 2014 was at 129 million liras, it said in a stock exchange filing.

[Reuters]

Greek bank bonds fell to records as the European Central Bank was said to be studying measures to rein in funding to the country?s lenders.

Fitch Ratings downgraded four Greek banks' long-term issuer default ratings (IDR) to 'CCC' from 'B-' on Wednesday, following the downgrade of the country's sovereign rating last week.

The downgrade reflected Greece's weaker economic prospects, which put the banks' asset quality and solvency at further material risk, the ratings agency said.

Greece?s largest lender by assets National Bank (NBG) reported on Monday it swung to a loss in the fourth quarter as higher provisions for impaired loans weighed on its bottom line.

By Isobel Finkel

Finansbank, the Turkish lender owned by National Bank of Greece, has delayed a planned secondary public offering that must be held this year to cut the Greek investor?s stake in line with a European Commission agreement.