Bank regulations eased even more

Legislative act to be signed Friday

The strict rules on the Greek banks are easing up even more, as a new act of legislative content is expected to be signed Friday by the Greek Finance Ministry. The act will allow Greek companies to increase the amount of liquidity from the current 100 thousand Euros to 150 thousand for their daily international business transactions. Furthermore, under the new provisions Greek systemic Banks will have an aggregate limit 5 mln Euros per day from 3.4 mln, while the committees set up to examine transactions of banking clients will be given more flexibility depending on geographical location in order to facilitate businesses dealings with foreign partners.