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BoG report highlights economic challenges, proposes way forward
EconomyThe Bank of Greece (BoG) published on Monday its Monetary Policy Report for 2018 and 2019, which... percent year-on-year growth in the first quarter. However, BoG notes that rising global uncertainty.... Over the coming years, BoG sees growth of 1.9 percent this year, 2.1 percent next year and 2.2 percent
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BoG urges banks to improve quality of capital, re-doubles SPV efforts
EconomyBankingIn its latest financial stability report published on Thursday, the Bank of Greece (BoG) took stock... (DTC). BoG notes that throughout 2019 economic sentiment has been improving and that this has... of banks, and their ability to generate internal capital, as well as the quality of their capital. BoG
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BoG highlights strong year for property in 2019 but warns of Covid-19 impact in 2020
EconomyFeaturesThe Bank of Greece (BoG) has made its first estimate of the impact of the coronavirus... governor's annual report, BoG analysts said that 2019 was a strong year for the Greek real estate... abroad and less domestic demand for ownership. As of the final quarter of 2019, BoG figures showed
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In latest review of loan quality, BoG says capital ratios to remain high after targeted NPE reduction
EconomyBankingBank of Greece (BoG) published on Thursday the second issue of its semi-annual overview..., in the first half of 2016. The BoG also conducted a sensitivity analysis examining the impact.... According to the BoG, 48 percent of NPEs past due over 90 days have been non-performing for more than two
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BoG revises GDP forecast, stresses debt restructuring and reforms in monetary policy report
EconomyMacroeconomyThe Bank of Greece’s (BoG) monetary policy report, submitted to the Parliament last Friday... in the tax burden. The BoG notes that despite the downwardly revised forecast, the medium-term growth... could aid Greece’s economic recovery. To this end, the BoG notes that the Greek economy still faces
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BoG warns pandemic will leave trail of bad loans, hastening need for new tools
EconomyBankingIn its regular release cycle of the financial stability report on Thursday, Bank of Greece (BoG... with the Finance Ministry’s estimate of 4.8 pct growth for 2021. BoG notes that, based on experience... and March 2016. BoG highlights that a rise in NPEs will be seen across the eurozone. But it will strike
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BoG sees banks on right path, warns impact of pandemic not visible yet
EconomyBankingfinancial stability report published by the Bank of Greece (BoG) on Thursday. BoG also highlights... since December when it stood at 47.2 billion, down by 17.8 billion euros. BoG notes that the overall..., BoG stresses that the full impact of the pandemic on banks’ portfolios is yet to manifest itself
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Primary cash balance deficit at 7.12 bln in Sept
EconomyMacroeconomyin the first nine months of the year according to figures released by the Bank of Greece (BoG). The cash... euros. The budget primary balance recorded a deficit of 7.01 billion euros in the first nine months..., that the accounting methods applied by the MoF and BoG differ and, therefore, their key figures are not directly
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Newsletter 275 -27/11/2020
. Aggregate PIB expenditure came to 7.01 billion, overshooting the target by 2.28 billion. Overall, the PIB... of Greece (BoG) figures revealed this week. The outstanding balance of private sector deposits..., Bank of Greece (BoG) figures showed. The increase in credit growth continues to be the highest since
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Primary cash balance deficit at 13.45 bln in November
EconomyMacroeconomyin the first eleven months of the year according to figures released by the Bank of Greece (BoG). The cash... euros. The aggregate figure for the first eleven months of the year showed that revenues fell by 7.01..., however, that the accounting methods applied by the MoF and BoG differ and, therefore, their key figures
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