ALEKOS LIDORIKIS

Banks’ use of AI speeds up transactions

Artificial intelligence is already being used by banks and affecting the way they interact with customers.

How banks consolidated

The birth of a “fifth pole” with the absorption of Pancreta Bank by Attica Bank is the first significant change in Greece’s banking sector for several years. The merged bank aims at competing on an equal footing with the “big four” banks (Alpha, Eurobank, National and Piraeus).

04.01.2024 / 13:54

Mobile and internet banking account for most transactions

Last year was an all-time benchmark for alternative digital networks in the domestic banking system.

25.08.2019 / 12:47

Virtual advisors will be the new face of banking

Banking operations are changing globally and Greece is no exception. Customer experience is increasingly digitalized across many platforms, with online banking becoming increasingly dominant.

16.08.2019 / 09:11

A turbulent 20 years for Greek banks

The Greek banking system has radically changed over the past two decades. Mergers and acquisitions had already begun in the late 1980s, but it was two significant events 20 years ago that marked the beginning of a process that has led to the consolidation of the country’s banking sector in the dominant “big four."

29.07.2016 / 22:07

Value of card transactions, POS terminals double within a year

“A few days ago we installed a card terminal (POS) to meet rising demand for payments in plastic money. Many of our customers considered it a prerequisite to come back to us to be able to pay using a card,” says the owner of a small seaside taverna on the island of Santorini.

23.07.2016 / 15:32

Mortgages issued by Greek banks declined 99 percent in past decade

Cash was the preferred from of payment for the few people who decided to purchase real estate in the first half of the year in Greece, bank officials have suggested.

25.09.2015 / 22:59

Demand for loans in Q3 is near zero

Demand for new loans in retail banking has practically frozen, as “just a handful of new loans have been issued,” a senior official at one of Greece’s systemic banks told Kathimerini while commenting on the credit contraction.