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Stournaras presents debt relief plan with maximum benefits for Greece, minimum cost for lenders
EconomyMacroeconomyDuring a speech at the Delphi Economic Forum on Saturday, Bank of Greece (BoG) governor Yannis... percent of GDP as of 2021 is consistent with Greece’s debt sustainability. The BoG had detailed in its... from the market. The BoG examined three scenarios on the evolution of debt to GDP ratio and GFN
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ECB increases ELA ceiling for Greek banks by 400 mln for first time since summer 2015
EconomyMacroeconomyThe Bank of Greece (BoG) said on Thursday that the European Central Bank increased the Emergency... a request made by BoG. The rise in the ELA limit “reflects developments in the liquidity situation of Greek banks, taking into account private sector deposit flows,” BoG noted. This is the first increase
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Greek banks meet NPE and NPL reduction targets in Q4 2016, mostly on write-offs
EconomyBankingpublished by the Bank of Greece (BoG) revealed on Wednesday afternoon. Specifically, the NPE stock..., where the actual figure stood at 27.5 billion slightly above target of 27.4 billion. The BoG also noted... of the crisis. However, the BoG stressed that the NPE ratios in all asset classes remained high in Q4
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Newsletter 126 - 07/07/2017
at 2.25 bln in 5-month BoG downwardly revises 2017 GDP forecast of 1.6 percent from 2.5 percent... that challenges remain. The Bank of Greece’s (BoG) monetary policy reported a downwardly revised the 2017 GDP..., along with a sharp increase in the tax burden. The BoG notes that despite the downwardly revised
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Bank of Greece says NPE ratio up to 45.2 pct, provides more bad loan details
EconomyBankingBank of Greece (BoG) released on Tuesday the third issue of its semi-annual overview of the Greek... by banks made up 26.6 and 44.8 percent of NPEs. BoG data showed that 73.7 percent of the NPEs... and 47 percent respectively, while that for consumer loans stood just shy of the 15-percent mark. BoG
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Current account deficit rises by 124.3 mln in May
EconomyMacroeconomyfrom 457.3 million a year ago, Bank of Greece (BoG) figures showed on Friday. The services surplus.... The BoG noted that the deterioration in the goods deficit largely reflects a rise in the deficit... percent to finish at 2.49 billion. Overall the goods deficit stood at 1.52 billion in May. BoG also
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Current account surplus at 842.3 million in June, assisted by services balance
EconomyMacroeconomy909.8 million a year ago, Bank of Greece (BoG) figures showed on Monday. The headline figure declined... in the services balance. The BoG notes that the marginal deterioration in the goods’ deficit can.... BoG also notes that non-oil exports of goods rose by 11.4 percent and oil exports increased by 9.6
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Banks meet NPE reduction targets in Q3, adjust targets for next two years
EconomyMacroeconomypublished by the Bank of Greece (BoG) on Tuesday afternoon. After being off-target for two successive periods for non-performing loans (NPLs) reductions, BoG reported that the lenders exceeded the target... as mentioned by roughly 89 million. Commenting on the asset quality trends in Q3, BoG noted
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Travel balance up by 81.4 pct in November, foreign arrivals increase
EconomyMacroeconomyof 14.2 percent noted in October, Bank of Greece (BoG) data revealed on Tuesday. Receipts came to 225.1.... The aggregate figure fully reflects a 9.9 percent increase in foreign arrivals, according to the BoG... in 2017. In total, the BoG figures showed that arrivals in the aggregate period came to 26.6 million
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Newsletter 148 -26/01/2018
the deficit of 624.1 million euros recorded in October, Bank of Greece (BoG) figures revealed this week... the deficit worsened month-on-month, it improved by 295.9 million euros year-on-year. According to BoG... in international arrivals, according to the BoG. The deficit improved by 295.9 million euros year-on-year
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