The Latest: European banks ‘can weather Greek fallout’

An elderly man waits to receive his pension outside the closed to the public National Bank of Greece headquarters, in Athens, on Tuesday, June 30, 2015. A day after worried elderly Greeks swarmed banks in the hope they would open, the finance ministry said Tuesday morning it would open about 1,000 bank branches across the country for three days this week to allow pensioners without bank cards to make withdrawals. (AP Photo/Petros Giannakouris) An elderly man waits to receive his pension outside the closed to the public National Bank of Greece headquarters, in Athens, on Tuesday, June 30, 2015. A day after worried elderly Greeks swarmed banks in the hope they would open, the finance ministry said Tuesday morning it would open about 1,000 bank branches across the country for three days this week to allow pensioners without bank cards to make withdrawals. (AP Photo/Petros Giannakouris)

By Associated Press June 30, 2015 3 min read

ATHENS, Greece (AP) – The latest news on Greece’s financial woes on a day a big repayment to the International Monetary Fund is due and the country’s bailout program with European creditors ends (all times local):

11.35 a.m.

Just hours before the European part of Greece’s bailout program expires, Europe’s main banking lobby group urged the country and its creditors to make a last-ditch effort to secure a deal.

But it insisted that the banking sector would weather any crisis.

The Brussels-based European Banking Federation said Tuesday that banks “have significantly reduced their exposures to Greece, limiting the risk of contagion through the banking system to other countries.”