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BoG sees 4.2% recovery in 2021, re-emphasises need for bad bank
Economyaccording to BoG. It was largely assisted by the accommodative fiscal stance and unprecedented fiscal support, which reached last year 11.2 pct of GDP. BoG expects a strong rebound in the second half..., and the primary deficit is seen according to BoG at 5.3 pct of GDP, which comes on top of a primary deficit of 7
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BoG: Growth could be 2 pts lower than expected, inflation may reach 7 pct
EconomyIn the governor’s annual report released on Thursday, the Bank of Greece (BoG) assesses the impact... percentage point and inflation notably higher. BoG presents two scenarios. The baseline sees growth... that supply chains are restored and energy prices fall. BoG notes that drivers for this year’s growth
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BoG reveals medium-term economic forecasts, sees growth of 2.5 pct next year
EconomyMacroeconomyThe Bank of Greece (BoG) disclosed for the first time in its monetary policy report published... of 2018. Following two recessionary years, the BoG estimates a strong GDP rebound of 2.5 and 3.... In addition, BoG forecasts for imports point to a marginal decline of 0.3 percent in 2016. For the next two
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BoG sees recovery strengthening, proposes post-MoU safety net
EconomyIn the Interim Report on Monetary Policy for 2017 published on Thursday, Bank of Greece (BoG.... This, though, runs counter to the coalition’s efforts to achieve a clean programme exit. The BoG sees... with a participation that reached 86 percent. Based on existing data, the BoG sees the recovery
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BoG awaits go-ahead from DG Comp over NPL scheme
EconomyBankingThe Bank of Greece (BoG) has reportedly finalised, in collaboration with Rothschild & Co, its plan..., and therefore being blocked by DG Comp. In an example outlined by the BoG, for delayed loans with a nominal... of 40 billion euros. BoG’s data showed that the above loans have collateral valued by the banks at 17
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BoG runs numbers to show how tackling NPE stock will benefit banks' bottom line
EconomyBankingIn the financial stability report it issued last week, the Bank of Greece (BoG) emphasised the need... (CET1) in June. The BoG notes that this type of capital composition, with high DTCs, prevents banks... shareholders. It is something banks want to avoid. In the latest report, the BoG examines how the high
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BoG sees growth of 4.2 pct this year but warns of multiple challenges ahead
Economyto the Parliamentary Speaker and the Cabinet. The BoG is optimistic about the prospects of the Greek... continued to provide support. The BoG sees the economy growing by 4.2 pct in 2021, following...-in the IFRS 9 requirements, the ratios drop to 11.8 pct and 13.8 pct. The BoG notes again that the portion
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BoG revises growth forecast down to 3.2 pct amid growing uncertainty
EconomyMacroeconomypct expected in April. The BoG forecasts reflect higher uncertainty, weaker growth and a rise... prices, before declining in 2023 and 2024. BoG says that the outlook is influenced by uncertainties..., the economy will only grow by 1.8 pct this year and 0.3 pct in 2023, before a strong 4.9 pct in 2024. BoG
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BoG revises 2023 growth to 1.5 pct as short- and medium-term challenges persist
EconomyMacroeconomyThe Bank of Greece (BoG) has joined the group of organisations that has incorporated the latest... compared to the 6.2 pct envisaged for 2022. The BoG notes that the macro environment which has been... by the European Commission in its winter forecasts. The BoG is more modest in its estimates of investment
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BoG stresses need to avoid putting investment grade at risk
EconomyMacroeconomyand the Greek economy. The BoG notes that key metrics in Greek banking improved considerably, led... the ECB-supervised banks of 15.5 pct and 19.4 pct. The BoG argues that although the tight monetary... in the medium-term. The BoG particularly highlights “the worsening financial condition of households
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