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Cash deficit widens as Greece pays off state arrears
EconomyMacroeconomybillion euros from 6.53 billion last year, according to the Bank of Greece (BoG). At the same time... billion, according to Ministry of Finance (MoF) preliminary data. The key difference in the reported BoG and MoF figures is primarily related to the accounting methods, on a (purely) cash basis for BoG
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Bank of Greece sees 0.5pct growth in 2014 but warns of political risks
EconomyMacroeconomysurplus of 1% of GDP for the first time in 2013, according to the Bank of Greece’s (BoG) interim report... to decline by 1 percentage point (pp) in 2014. The BoG stresses that the key risk lies with the political... to the BoG report. The central bank recommends that the streamlining of the public sector should continue
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Central gov't primary cash surplus reaches 1.37 billion in first half of year
EconomyMacroeconomyof Greece (BoG). Similarly, the 6-month primary cash balance improved by 6.14 billion euros, posting a surplus of 1.37 billion from deficit of 4.77 billion last year. The BoG calculates the central..., marginally above the comparable BoG item. Cash expenditure fell 15.7 percent to 24.15 billion euros
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Current account surplus reaches 1.68 bln in July thanks to services
EconomyMacroeconomyof Greece (BoG). However, last year’s figure included 1.5 billion euros from the first disbursement under... to the BoG, the higher trade deficit stems from a higher net oil import bill and a slight increase in net... (+ 29.4 percent). BoG is due to release more detailed figures on the 7-month travel surplus tomorrow
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Credit standards for household, corporate loans unchanged in Q1
EconomyMacroeconomyThe Bank of Greece (BoG) released for the first time on Tuesday the results of the Greek bank... information on the factors that affect the conditions for loan supply and demand. The BoG survey showed that the credit standards for both corporate and household loans remained unchanged QoQ. BoG notes
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Credit standards tougher in Q2, expected to tighten further
EconomyMacroeconomyof Greece (BoG) bank lending survey (BLS) for the second quarter (Q2) of 2015. The BoG said.... Credit standards are anticipated to further tighten in Q3, BoG noted. In contrast, credit standards... for corporate loans decreased in Q2 and is expected to ease further in Q3, according to BoG. Demand for housing
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Cash primary surplus contracts 2.9 pct to 2.68 bln on weak revenues in Sept
EconomyMacroeconomyin the first 9 months of 2015 from 2.76 billion last year, Bank of Greece (BoG) figures showed on Monday... displaying a deficit of 2.5 billion, up 12.9 percent. The central government figures provided by BoG... into consideration other accounting adjustments, BoG and MoF figures are not directly comparable
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Current account deficit widens to 412 mln in May
EconomyMacroeconomymillion last year, Bank of Greece (BoG) figures displayed on Thursday. The year on year deterioration... landed at 3.4 and 2.02 billion euros respectively. BoG noted that the improvement in the goods... year to positive this May. Moreover, BoG said that the drop in exports is largely due to a decrease
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Bank of Greece report overviews lenders' profitability, urges drastic NPL management
EconomyBankingThe Bank of Greece (BoG) published on Tuesday an overview of the Greek financial sector, providing..., while consumer NPEs increased at a slower pace of 7 percent. Overall, BoG figures showed that 54.7...), manufacturing (51.7 percent) and trade (48.5 percent). The BoG said that the NPE ratio further edged up
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Lower bad loan provisions and increased write-offs for Greek banks in Q2
Economy, the aggregate balance-sheet figures published by the Bank of Greece (BoG) provide some colour... relate to the banks’ parent data, which mainly incorporate their operations in the domestic market. BoG.... The latest BoG figures on loan quality displayed the non-performing exposure (NPE) ratio edged up
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