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This is where Greek gov't could find cash to cover May's obligations
EconomyProgrammeto a special account with the Bank of Greece (BoG), covered the foreign investor take up. Alternate... for the compulsory transfer of gg entities’ cash reserves to a special account at the BoG. Through..., according to BoG data. Of this amount, 6.6 billion relates to the central government, 2.23 billion
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Greece, the troika and banks' capital needs: A step-by-step guide
EconomyProgrammeTroika officials are due to meet Bank of Greece (BoG) governor Giorgos Provopoulos on Wednesday... by the Bank of Greece (BoG) shattered these illusions. It indicated there was a serious difference in opinions between Greece and its lenders but also within the troika. What is the BoG’s position
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Newsletter 113 - 31/03/2017
million euros was less than half the 1.73 billion recorded in the previous month, Bank of Greece (BoG... ceiling for Greek banks by 400 million to 46.6 billion following a request made by the BoG that takes... percent in February, according to the BoG. At the same time, net deductions significantly slowed to 101
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Alpha seals bad loans sale deal, lenders brace for NPE management in Covid-19 era
EconomyBankingof the portfolio to a loan and credit management company regulated by the Bank of Greece (BoG) under... recovery,” the bank said. In the first quarter of the year, BoG said that Greece’s banks noted a drop in pre-tax profits to the tune of 87 percent versus the same period in 2019. The BoG once more
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Banks enter final quarter with high hopes for bad loan reduction while challenges remain
EconomyBankingwas in development since last year. The Hellenic Financial Stability Fund (HFSF) and the Bank of Greece (BoG... from BoG does not seem to have made any progress. Between 2015-2018, Greek banks reduced their NPEs... forward, and that it remained committed to exploring other solutions. This included reactivating the BoG
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Banks end year with continued bad loan sales
EconomyBankingbillion euros. In its Interim Report on Monetary Policy 2020, the Bank of Greece (BoG) said that NPLs... percent. BoG noted that a large number of loans benefiting from moratoria until end-December 2020... the Hercules scheme, BoG argued that further schemes needed to be considered going into 2021
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Newsletter 15 - 13/02/2015
can still be placed with the Bank of Greece (BoG), while the 38 billion of EFSF bonds via ECB funding further increases their liquidity capacity potential. Bear in mind that while the BoG normally... will be published in early March after the BoG’s annual general meeting, due at the end of February
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Newsletter 25 - 08/05/2015
their cash reserves and time deposits to a Bank of Greece (BoG) account. According to the bank’s... euros in June. deposits could be transferred to the BoG account, despite the objections raised... to place a chunk of their cash reserves with the BoG in exchange for repos with the state. By late
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Newsletter 82 - 15/07/2016
of Greece (BoG) governor Yannis Stournaras eyed the easing of capital controls, while he provided...-monthly limit of 840 euros and allowances for early loan repayment. On asset quality, the BoG governor... rate of 17.9 and 16.3 percent, respectively. BoG figures showed Greek banks’ reliance on Eurosystem
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The conundrum of Greek olive oil exports
EconomyFeaturesto the Bank of Greece (BoG), only around 27 percent of the 300,000-plus tonnes which Greece exports per annum is standardised. In Spain, the figure is 50 percent and in Italy, 80 percent. The BoG’s 2015 report... would be. The BoG estimates that “a shift from bulk to branded olive oil and a more efficient
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