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Current account surplus narrows to 1.82 bln in August
EconomyMacroeconomyeuros in August, down from 2.2 billion a year ago, Bank of Greece (BoG) figures showed on Friday... to 3.03 billion. This led to the goods deficit slightly improving, to reach 1.17 billion. BoG noted..., the travel surplus in August retreated by 10.6 percent to 2.92 billion. BoG also said
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Newsletter 93 - 21/10/2016
percent. Bank of Greece (BoG) governor Yannis Stournaras reiterated BoG macro forecasts calling... on debt relief measures “should start now and conclude as soon as possible”. BoG data showed... in the nine months to September, which is by far the highest reading since 2001. The results of the BoG
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Current account surplus widens to 1 bln in September
EconomyMacroeconomylast year to reach 1.01 billion in September from 904 million a year ago, Bank of Greece (BoG... rose to 2.26 billion euros. Imports rose at a slower pace of 7.6 percent to 3.63 billion. The BoG... the travel surplus up by 1 percent to 2.04 billion. The BoG also noted that the deterioration in the primary
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Newsletter 98 - 02/12/2016
of Greece (BoG) said in a report on Wednesday. NPEs are estimated to be cut by 37.6 percent from 106.9... in the anticipated drop in bad loans. The BoG report also revealed that NPEs fell to 106 billion... indicates a new high since May 2015 according to the BoG. The breakdown by depositor type showed
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Bank of Greece study finds one in six local firms is strategic defaulter
EconomyMacroeconomy(BoG) discussed the issue of corporate strategic defaulters i.e. companies that have stopped... and lack of liquidity, BoG said. The sectors that showed the highest share of strategic defaulters... and support services. According to BoG, firms with large debt or low collateral value or high
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Payment cards up by 3 pct but value of transactions drops by 7 pct in H1 2016
EconomyBankingeffectively, the BoG said. At the end of June 2016, debit cards made up 81 percent of total payment... in the first half of 2016. The BoG noted that both developments reflect a) customers’ familiarisation... position of both households and corporate, the BoG stressed. Overall, the value of card transactions
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Newsletter 104 - 27/01/2017
the crisis years, according to a study included in Bank of Greece’s (BoG) latest statistical... fell by 1.87 billion euros in December, the Bank of Greece (BoG) annual balance sheet revealed... extent – deposit inflows. BoG figures also showed that the value of banknotes in circulation edged up
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Newsletter 110 - 10/03/2017
elections to take place in the next six months. BoG in call for mild debt relief Stounaras says debt.... The Bank of Greece (BoG) governor was presenting the outcome of an exercise conducted by the BoG on Greece’s debt. Specifically, the BoG proposes an increase in the weighted average maturity of EFSF
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Multiple potential benefits await Greece if it can clinch QE eligibility
EconomyFeatures’ confidence about the prospects of the Greek economy, the Bank of Greece (BoG) recently noted in its annual... in a wide sample of countries, the BoG recently concluded that the direct impact from the announcement... even lower, the BoG stressed. However, the central bank noted that if the inclusion of GGBs in QE
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Eurosystem funding falls by 2.2 bln in March, ELA drops after brief rise in Feb
EconomyMacroeconomyof Greece's (BoG) monthly financial statement showed on Tuesday. The outstanding balance of central bank... uncertainty. Following a request by the BoG, the ECB decided to increase the ELA ceiling for Greek banks.... Following the lower reliance on ELA funding, the corresponding collateral pledged with the BoG fell
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