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BoG cautions on impact of tax rises, updates on rising NPEs
EconomyMacroeconomyIn its monetary policy report released on Wednesday, the Bank of Greece (BoG) says that it expects... of IMF loans with European Stability (ESM) loans. In addition, the BoG suggests that the primary surplus... interest payments over a 20-year period. The BoG notes that a number of initiatives
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BoG sets out positives and next steps for economy, forecasts 2.4 pct growth in 2020
EconomyThe Bank of Greece (BoG) submitted to Parliament on Friday its interim monetary policy report.... Overall, the BoG appears more upbeat than in previous reports issued during the SYRIZA administration... limited and as such NPE flows continue. The BoG notes that the newly adopted APS scheme, nicknamed
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BoG report highlights need for programme implementation, political consensus
EconomyIn its interim Monetary Policy report published on Friday, the Bank of Greece (BoG) urged... property. The key conditions for strong growth rates, according to the BoG, involve restoration.... The BoG said that the imposition of capital controls initially had an immediate and visible negative
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BoG sees chance of normality returning if review concludes swiftly
EconomyMacroeconomyIn its annual report published on Friday, the Bank of Greece (BoG) called for a return to normality... administration, institutions and rule of law. The BoG welcomes the Eurogroup decision for resumption... direct investment and goods’ exports. On the fiscal front, the BoG notes that the primary surplus
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BoG report highlights economic challenges, proposes way forward
EconomyThe Bank of Greece (BoG) published on Monday its Monetary Policy Report for 2018 and 2019, which... percent year-on-year growth in the first quarter. However, BoG notes that rising global uncertainty.... Over the coming years, BoG sees growth of 1.9 percent this year, 2.1 percent next year and 2.2 percent
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BoG urges banks to improve quality of capital, re-doubles SPV efforts
EconomyBankingIn its latest financial stability report published on Thursday, the Bank of Greece (BoG) took stock... (DTC). BoG notes that throughout 2019 economic sentiment has been improving and that this has... of banks, and their ability to generate internal capital, as well as the quality of their capital. BoG
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BoG highlights strong year for property in 2019 but warns of Covid-19 impact in 2020
EconomyFeaturesThe Bank of Greece (BoG) has made its first estimate of the impact of the coronavirus... governor's annual report, BoG analysts said that 2019 was a strong year for the Greek real estate... abroad and less domestic demand for ownership. As of the final quarter of 2019, BoG figures showed
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In latest review of loan quality, BoG says capital ratios to remain high after targeted NPE reduction
EconomyBankingBank of Greece (BoG) published on Thursday the second issue of its semi-annual overview..., in the first half of 2016. The BoG also conducted a sensitivity analysis examining the impact.... According to the BoG, 48 percent of NPEs past due over 90 days have been non-performing for more than two
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BoG revises GDP forecast, stresses debt restructuring and reforms in monetary policy report
EconomyMacroeconomyThe Bank of Greece’s (BoG) monetary policy report, submitted to the Parliament last Friday... in the tax burden. The BoG notes that despite the downwardly revised forecast, the medium-term growth... could aid Greece’s economic recovery. To this end, the BoG notes that the Greek economy still faces
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BoG warns pandemic will leave trail of bad loans, hastening need for new tools
EconomyBankingIn its regular release cycle of the financial stability report on Thursday, Bank of Greece (BoG... with the Finance Ministry’s estimate of 4.8 pct growth for 2021. BoG notes that, based on experience... and March 2016. BoG highlights that a rise in NPEs will be seen across the eurozone. But it will strike
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