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December current account deficit at 1.24 bln on falling services balance
EconomyMacroeconomyfrom November’s deficit of 954 million euros Bank of Greece (BoG) figures showed on Tuesday... by 233.4 million euros year-on-year. According to the BoG, this was driven by a worsening balance... prices, BoG noted. Non-oil exports increased by 12.3 percent and 9.9 percent at current and constant
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Travel balance down by 76.3 pct in Dec, annual arrivals beat expectations
EconomyMacroeconomypercent in November, Bank of Greece (BoG) data revealed on Wednesday. Receipts came to 182.2 million..., according to the BoG. Average aggregate expenditure per trip rose by 1.4 percent to 521.1 euros compared... to 26 million in 2017. In total, the BoG figures showed that arrivals in the aggregate period came
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Turnover in tourism sector up 7 pct in Q4, increasing by 9.9 pct in 2017
EconomyMacroeconomytie in with the tourism figures recently released by the Bank of Greece (BoG) for 2017. According to the BoG, the full-year figures for 2017 revealed that travel receipts rose by 10.5 percent to stand... estimated to rise by 1.2 million or by 4.8 percent to 26 million in 2017. In total, the BoG figures
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Banks focus on defining challenge of reducing NPEs
EconomyBanking(BoG) and the banks’ financial statements, 2017 was a successful year in meeting the NPE reduction... of last year, the volume of NPEs stood at 95.9 billion euros according to BoG’s quarterly report... to the latest BoG report, and 6.5 billion for 2017. Sales came to 1.8 billion euros in the quarter
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Banks on track with NPE targets in Q2 as sales play bigger role
EconomyMacroeconomypublished by the Bank of Greece (BoG) on Thursday afternoon. Compared to the March 2016 peak, NPEs have... billion QoQ or 47.7 percent. However, BoG noted that banks missed their NPLS reduction target in Q2... quality trends in the second quarter, BoG noted that the cure rate remained at 1.8 percent, the same
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Newsletter 174 -14/09/2018
(BoG) figures showed that apartment prices rose by 0.8 percent year-on-year in the second quarter... by 14.7 percent.The figures are in line with the tourism figures from the Bank of Greece (BoG). According to the BoG, in the first half of the year, travel receipts rose by 18.9 percent to stand at 4.84
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Eurosystem funding drops by 399 mln in May, ELA collateral falls to zero
EconomyMacroeconomyBank of Greece's (BoG) financial statement showed. As of the latest month, the total for central... million euros. In January, the BoG had announced that it would discontinue the publication of its regular..., ELA collateral pledged with the BoG fell by 1.54 billion euros MoM, while that for the ECB rose
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Newsletter 281 -22/01/2021
(BoG) data showed. In the same period last year, the balance showed a deficit of 1.39 billion euros... to the BoG, November’s performance is due to an improvement in both the balance of goods and the primary... of 2019. According to BoG, this is due entirely to a decline in the services surplus, which
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What is the state of play with Greek banks?
Economythe total loss for the sector stood at 31.9 billion. At the end of last year, the Bank of Greece (BoG... of these processes, along with the updated restructuring-business plans over 2013-17 will be fed into the BoG... sector, involving HFSF, BoG, Ministry of Finance and European Commission’s DG Comp, are currently
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After Q3 results, what next for Greek banks?
Agoraadditional capital needs by the Bank of Greece (BoG), the lifting of a ban on foreclosures, a potential... will be fed into BoG’s model to determine potential additional capital needs. Other elements... in 2014, falling to 1.3 in 2017. The Blackrock review was due to be submitted to BoG at the end
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