Deposit outflow at 550 mln in Oct, led by a decline in corporates
Re-opening of benchmark bond fetches 200 mln at steep yield of 4.44 pct
In another cautious move, PDMA fetches 975 mln for 5 yrs at variable rate
S&P leaves Greece a notch away from investment grade as outlook blurs
Fitch leaves rating unchanged at 'BB', sees small recession and primary deficit next year
Yields rise, but Greek debt still partly shielded from market headwinds
BoG underlines progress in NPE reduction but stresses need for systemic solution
In its annual report published on Monday, the Bank of Greece (BoG) provided an update regarding Non-Performing Exposures (NPE), which is the major challenge for the domestic banking system and in which the BoG has taken an active role by leading an initiative for a more systematic approach to improving banks’ balance sheets.
At the end of last year, NPEs stood at a total of 81.8 billion euros, which was 12.7 billion lower compared to the end of 2017, and 25.4 billion below their peak in March 2016.
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