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Greek primary cash surplus at 1.07 billion at end-May on lower expenditure
EconomyMacroeconomyin the 5-month period of 2015, from 1.057 billion last year, according to the Bank of Greece (BoG... net balance showed a deficit of 1.7 billion year to date. It is worth reminding that BoG’s figures... into account other accounting adjustments, the BoG and MoF figures are not directly comparable
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Management of NPLs to test gov't in negotiations with lenders
Economyfor a coordination mechanism overseen by the Bank of Greece (BoG) with the mandate to consider large...) BoG should appoint a single special liquidator and introduce a performance-based remuneration... of a special coordinating secretariat and project management office at the BoG to support
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Newsletter 64 - 26/02/2016
of the targeted revenues. In its annual report published Friday, Bank of Greece (BoG) governor... associated with global developments and the domestic economy. The BoG report also provided an update... and housing loans at 43.3 and 398 percent, respectively. The BoG also said that 48.8 percent of NPEs
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A closer look at the composition of Greece's bad loans
EconomyBanking(BoG) review report on the Greek banking system published in late July also revealed a number... to BoG. In the corporate sector, the highest NPE ratios were recorded in loans to sole proprietors... six months. BoG also stressed that from the NPEs that are non-performing for more than one year, more
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Liquidity and NPL resolution feature prominently in draft deal between Greece and lenders
EconomyProgrammefor restoring liquidity in the banking system. Starting from December 2016, the Bank of Greece (BoG... 2017, the Finance Ministry (MoF) and BoG will have to publish a roadmap for the relaxation of capital... not cover capital shortfalls, the BoG will undertake appropriate actions by March 2017. In addition
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November current account deficit at 954 mln, goods balance improves
EconomyMacroeconomy, deepening from the deficit of 624.1 million euros recorded in October, Bank of Greece (BoG) figures showed... to BoG, this was driven almost entirely by a decrease in the deficit of the balance of goods, which... surplus of 14.4 million euros. The BoG notes that the deficit of goods was also lowered by the deficit
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Covid-19 presents new, significant challenge in banks' effort to reduce NPLs
EconomyBanking, the Bank of Greece (BoG) takes stock of the situation in 2019, when NPEs settled at 68 billion... in the report the need to work on other systemic solutions, like the one proposed by the BoG that uses deferred... that are eligible for the 800-euro benefit granted by the Finance Ministry. The BoG says that roughly 36 percent
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Newsletter 266 -18/09/2020
to the discussion, such as the demilitarisation of Greek islands. Seventh post-bailout review completed BoG sees.... BoG has revised its forecast for Greek GDP, from 5.8 pct recession in its previous estimate, to 7.5... data from ELSTAT, which sees Greek GDP dropping by 7.9 pct in the first half of the year. The BoG
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Cash deficit to October widens to 9.1 billion euros
EconomyMacroeconomypercent to 9.08 billion euros from 6.78 billion last year, according to the Bank of Greece (BoG... of Finance (MoF) preliminary data. The key difference in the reported BoG and MoF figures, which... for BoG and on a modified cash basis for MoF. The figures reported under the two methods were broadly
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Cash deficit to November rises to 9.9 bln as Greece pays off arrears
EconomyMacroeconomypercent to 9.96 billion euros from 7.67 billion last year, according to the Bank of Greece (BoG... with the primary surplus at 2.71 billion. The key difference in the reported BoG and MoF figures, which... for BoG and on a modified cash basis for MoF. The figures reported under the two methods were broadly
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