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Bank of Greece decision bolsters Greek lenders’ capital ratios
EconomyMacroeconomyIn an unexpected move, the Bank of Greece (BoG) repealed a previous cap on the deferred tax asset.... The initial BoG Executive Committee Act (13 / March 28, 2013 had imposed a 20 percent threshold of CT1 on the amount of DTA that could be recognised in CT1 calculation. The new BoG decision (Executive
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Greece records primary cash deficit in 2013
EconomyMacroeconomypercent to 12.79 billion euros from 10.7 billion last year, according to the Bank of Greece (BoG... on January 14. The key deviation in the figures reported by the BoG and MoF, which usually confuses the market, is primarily related to the accounting methods: on a (purely) cash basis for BoG
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Bank of Greece publishes bank stress test results, which see capital needs at 6.4 bln
EconomyMacroeconomyThe Bank of Greece (BoG) released on Thursday the much anticipated report on Greek banks’ capital... and Panellinia, increase to 6.381 billion. The released figures were estimated by the BoG on the basis.... The BoG noted that the adverse scenario will be taken into account only for the determination
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Central government primary cash surplus at 1.7 bln to February
EconomyMacroeconomyfrom deficit of 1.4 billion last year, according to the Bank of Greece (BoG). At the same time... million last year. The disclosed BoG figures stand 274 and 391 million respectively lower than.... The deviation is mainly related to higher expenditure reported in BoG numbers on a cash basis. Cash
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Central gov't cash deficit shrinks to 1.27 bln in April
EconomyMacroeconomyto 1.27 billion euros, 4 billion lower than a year earlier, according to the Bank of Greece (BoG... in the corresponding period last year. Note that BoG calculates its figures on a cash basis, while... close of 289 million to BoG number. Cash expenses fell 16 percent to 16.25 billion. Adjusting
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Greek cash deficit to July narrows 78.3 pct to 1.72 bln
EconomyMacroeconomyof Greece (BoG). The 7-month primary cash balance turned to a surplus of 2.42 billion from deficit of 2.97 billion last year, implying a fiscal consolidation of 5.4 billion euros. The BoG calculates... the BoG primary cash surplus of 2.42 billion euros with the MoF’s methodology, we get an adjusted
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Greek central government primary cash surplus to August at 2.3 bln
EconomyMacroeconomyperiod from deficit of 3.21 billion last year, according to the Bank of Greece (BoG). This implies... the deficit narrowing by 71.1 percent to 2.61 billion from 9.04 billion last year. The BoG reports... of BoG 8-month figures showed cash revenues increased by 5.1 percent to 30.22 billion euros. Excluding
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August sees third Greek C/A surplus in a row, reaching 1.82 bln
EconomyMacroeconomyof Greece (BoG). The significant improvement mainly reflects an increase in the services’ surplus by 425...’ arrivals by 25 percent. The travel surplus stood at 2.98 billion, up 9 percent YoY. The BoG is due... respectively. According to the BoG, the narrowing of the trade deficit reflects a lower net import
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Greek current account surplus up to 1.6 bln in September after fourth straight rise
EconomyMacroeconomy(BoG). The substantial improvement mainly reflects an increase in the services’ surplus by 425 million... surplus reached 2.1 billion euros, up 12.3 percent YoY. The BoG is due to release more detailed figures... from a 22.1 percent rise in exports, while imports advanced by 5.2 percent. According to BoG
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Greek primary cash surplus up to 2.61 bln at end of November
EconomyMacroeconomy(BoG). This corresponds to a fiscal adjustment of more than 6.6 billion euros year on year (YoY.... Note that the central government figures reported by BoG are solely on a cash basis, while... on a modified cash basis. The breakdown of BoG 11-month figures displayed cash revenues marginally
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