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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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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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