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Deadline for liberalisation of household and SME NPLs looms closer
Economywith a subsidiary in Greece. They are to be licensed and regulated by the Bank of Greece (BoG). An NPL may... According to the BoG’s latest official data, non-performing exposure (NPE), which is a wider definition of NPLs, stood at 42.1 percent of gross loans at the end of June. BoG preliminary figures showed
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New rules on sale of NPLs come into play after approval of omnibus bill
EconomyProgramme. Licensed companies that will engage in loan sales may also be based outside EEA. The Bank of Greece (BoG... in case the company is also licensed to grant loans. Licensed companies have to submit to the BoG..., liquidated and defaulted loans as well as write-offs. The BoG receives a fee from the licensed companies
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Office prices ease 0.2 pct in 2015, retail prices drop by 3.5 pct
EconomyMacroeconomyOffice prices in Greece grew by 0.2 percent in the second half (H2) of 2015, Bank of Greece (BoG... declined by 29 percent since 2010. BoG started publishing commercial property indices twice a year..., shows a cumulative drop by 36 percent. Office rents The figures published by BoG on office rents
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Current account deficit narrows to 822 mln in April
EconomyMacroeconomybillion a year ago, Bank of Greece (BoG) figures showed on Tuesday. The year on year improvement... landing at 1.38 billion. BoG noted that the improvement in the goods’ balance is fully due to lower... billion, mainly attributed to improved oil balance stemming from lower oil prices. BoG figures showed
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Stournaras eyes easing of capital controls, updates on loan quality and NPL reduction targets
EconomyMacroeconomyAppearing before Parliament’s economic affairs committee on Monday Bank of Greece (BoG) Governor..., Stournaras said. The BoG governor also noted that Greek banks submitted on June 24 to the regulatory authorities, the BoG and the Single Supervisory Mechanism (SSM) of the European Central Bank (ECB
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Eurosystem funding falls 8.6 bln in June in aftermath of waiver reinstatement
EconomyMacroeconomya decrease by 3.86 billion in May, Bank of Greece's (BoG) monthly financial statement displayed on Wednesday... that of ECB funding. Meanwhile, the gross value of the collateral pledged with the BoG for ELA funding... billion to 38.12 billion. The BoG’s financial statement also provided an update on the evolution
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Current account surplus almost doubles to 1 bln in June
EconomyMacroeconomya year ago, Bank of Greece (BoG) figures showed on Thursday. The year on year improvement by around..., while the goods deficit stood at 1.41 billion. BoG noted that the oil and the ships’ deficits... transport receipts, while travel receipts also fell by 5.4 percent to 1.85 billion. According to BoG
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Current account surplus falls to 1.4 bln in July
EconomyMacroeconomybillion in July 2016 from 2.51 billion last year, Bank of Greece (BoG) figures showed on Tuesday... a year ago. The BoG stressed that imports remain well below the respective levels of the previous two... payments surged 33.1 percent leading the travel surplus down 5.9 percent to 2.61 billion. The BoG also
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A market for NPL resolution
Agoraof Greece (BoG) could buy securitised NPLs from the SME sector. Securitised SME paper is hardly available... of such a BoG purchasing programme. Based on current criteria, the BoG would not be able to identify..., HFSF and BoG should sit down together and identify a roadmap towards developing a dynamic NPL market
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Stournaras outlines conditions for strong 2017 growth, calls for debt relief measures soon
EconomyMacroeconomyof Greece (BoG) governor Yannis Stournaras repeated his belief that the domestic economic... projections are in line with those revealed in the BoG Monetary Policy report published in mid-June. Keeping with the draft budget and European Commission’s estimates, the BoG forecasts that growth
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