Greece’s Bankers Smile as Customers Cancel Cash Withdrawal Orders

Smiles returned to the faces of bankers when customers started to call and cancel withdrawal orders from their bank deposits. And thus in the first hours after the branches opened on Monday after the June 17 elections.

According to an exclusive story by Proto Thema,  five managers working at the branches of large banks confirmed that between 8 am and 1 pm several customers had cancelled the orders they had given last Thursday and Friday. 

“Calmness has returned. The phone rings only for cash withdrawal cancellation,” the director of a major bank told ProtoThema under conditions of anonymity.

The same atmosphere is spread among foreign banks with a strong presence in London that have been opening dozens of bank accounts on a daily basis in the British capital.

 “Some customers who were about to transfer money abroad canceled their plans until further orders. The money stays in Greece” a bank manager said.

Over the past two months this bank branch had opened more than 3,000 bank accounts in London for amounts  € 100,000 and above.
The question now is whether the money sent abroad will return and when.

It is estimated that more than 30 billion euro have left Greece for banks in Switzerland, Great Britain, Cyprus, Germany, Malta and other eurozone member countries.  

 “This money is expected to need longer to return to Greece, one should not expect it would return in the next three months,” bankers told ProtoThema.  The political situation needs to stabilize first…


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