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BoG sees growth of 4.2 pct this year but warns of multiple challenges ahead
Economyto the Parliamentary Speaker and the Cabinet. The BoG is optimistic about the prospects of the Greek... continued to provide support. The BoG sees the economy growing by 4.2 pct in 2021, following...-in the IFRS 9 requirements, the ratios drop to 11.8 pct and 13.8 pct. The BoG notes again that the portion
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BoG revises growth forecast down to 3.2 pct amid growing uncertainty
EconomyMacroeconomypct expected in April. The BoG forecasts reflect higher uncertainty, weaker growth and a rise... prices, before declining in 2023 and 2024. BoG says that the outlook is influenced by uncertainties..., the economy will only grow by 1.8 pct this year and 0.3 pct in 2023, before a strong 4.9 pct in 2024. BoG
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BoG revises 2023 growth to 1.5 pct as short- and medium-term challenges persist
EconomyMacroeconomyThe Bank of Greece (BoG) has joined the group of organisations that has incorporated the latest... compared to the 6.2 pct envisaged for 2022. The BoG notes that the macro environment which has been... by the European Commission in its winter forecasts. The BoG is more modest in its estimates of investment
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BoG stresses need to avoid putting investment grade at risk
EconomyMacroeconomyand the Greek economy. The BoG notes that key metrics in Greek banking improved considerably, led... the ECB-supervised banks of 15.5 pct and 19.4 pct. The BoG argues that although the tight monetary... in the medium-term. The BoG particularly highlights “the worsening financial condition of households
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BoG sees 2.3 pct growth this year, urges reforms to restore per capita GDP to pre-crisis levels
EconomyMacroeconomyof policy recommendations. BoG says that the economy will grow by 2.3 pct this year, which is more... of lower energy prices. Headline inflation is seen at 3.8 pct next year and 2.3 pct in 2025. BoG... of that is attributed to high fuel prices, expected to moderate slightly to 7 pct of GDP in 2023. BoG
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BoG sees 2024 growth at 2.3 pct, cautions against complacency due to risks
EconomyMacroeconomycontributor to growth. This places the BoG in line with the range of most international organisations.... Inflation is seen moderating further to 2.8 pct in 2024 as the BoG sees all components de-escalating... the improved primary surplus. The BoG also notes that for the first time since 2019, the first
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Eurobank submits final Cairo portfolio to Hercules while BoG mulls bad bank creation
EconomyBankingand will leverage the deferred tax that currently is a large part of the banks’ capital base. According to BoG... for the second quarter of the year as well. All three portfolios have received binding offers
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BoG sees central gov't primary surplus to May at 1.06 bln on cash basis
EconomyMacroeconomypercent to 1.88 billion from 7.32 billion last year, according to the Bank of Greece (BoG... deficit of 4.02 billion last year. The BoG calculates the central government figures on a cash... to the BoG underlying item. Cash expenditure retreated 16.8 percent to 20.21 billion euros. Adjusting
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BoG reveals figures for repatriation and banknotes returning to banking system
EconomyBankingIn its annual report published on Friday, the Bank of Greece (BoG) provided more details... uncertainty for Greek banks. The BoG also revealed that the repatriation of funds invested in foreign... abroad again, BoG noted. Moreover, the monthly repatriation of funds invested in foreign securities
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BoG reveals number of indebted borrowers, details business NPEs
EconomyMacroeconomy(NPEs) of Greek banks presented by Bank of Greece (BoG) on January 12, BoG deputy governor Theodoros... to the latest BoG report with data as of June 2016, denounced loans made up 44.2 percent of NPEs, while... published by BoG on Tuesday showed that Greek banks continued to meet their NPE reduction target
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