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BoG provides details of ambitious plans to slash NPLs via SPV
EconomyBankingof Greece (BoG) outlines its proposal for the systemic management of non-performing exposures (NPEs). BoG... solution based on the Italian model of an Asset Protection Scheme (APS). The BoG is proposing that banks...) will be determined by the arrangers subject to market conditions. BoG expects that private investors
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BoG and HFSF schemes under scrutiny as banks look for a way forward on bad loans
EconomyBankingby the winning bidder, while at the same time manifesting positively on the bank’s bottom line. BoG plan In addition to the plans of the banks, Bank of Greece (BoG) also presented its strategy for reducing bad loans to the European Commission at the end of last week. The plans outlined by the BoG
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BoG report notes challenges to Greek economy, issues warning over high fiscal targets
EconomyThe Bank of Greece’s (BoG) annual report has outlined a number of challenges and proposals for the Greek economy, and included a downward revised forecast for growth. BoG governor, Yannis Stournaras... was the fact that the BoG has revised its growth forecast for 2019 to 1.9 percent from 2.5 percent
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BoG underlines progress in NPE reduction but stresses need for systemic solution
EconomyIn its annual report published on Monday, the Bank of Greece (BoG) provided an update regarding Non... and in which the BoG has taken an active role by leading an initiative for a more systematic approach... of restructuring, 30.7 billion or 37.6 percent of the stock. However, the BoG notes alarming signs
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BoG stresses more work needed on NPE reduction, pushes bad bank idea
EconomyBankingThe Bank of Greece (BoG) issued on Thursday its latest financial stability report, which includes data from the first quarter of 2020. BoG notes the progress made so far by the systemic banks...-offs. BoG also notes that from the NPE composition, 10 billion euros, close to 15 pct of NPEs, is under
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BoG sees 4.2% recovery in 2021, re-emphasises need for bad bank
Economyaccording to BoG. It was largely assisted by the accommodative fiscal stance and unprecedented fiscal support, which reached last year 11.2 pct of GDP. BoG expects a strong rebound in the second half..., and the primary deficit is seen according to BoG at 5.3 pct of GDP, which comes on top of a primary deficit of 7
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BoG: Growth could be 2 pts lower than expected, inflation may reach 7 pct
EconomyIn the governor’s annual report released on Thursday, the Bank of Greece (BoG) assesses the impact... percentage point and inflation notably higher. BoG presents two scenarios. The baseline sees growth... that supply chains are restored and energy prices fall. BoG notes that drivers for this year’s growth
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Primary cash surplus widens to 2.85 bln in Q1
EconomyMacroeconomyGreece’s central government primary cash balance improved to 2.85 billion euros in the first quarter (Q1) of 2016 from 1.19 billion last year, Bank of Greece (BoG) figures showed on Wednesday. In March, the primary cash surplus widened by 11.1 percent to 763 million from 687 million
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BoG reveals medium-term economic forecasts, sees growth of 2.5 pct next year
EconomyMacroeconomyThe Bank of Greece (BoG) disclosed for the first time in its monetary policy report published... of 2018. Following two recessionary years, the BoG estimates a strong GDP rebound of 2.5 and 3.... In addition, BoG forecasts for imports point to a marginal decline of 0.3 percent in 2016. For the next two
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BoG sees recovery strengthening, proposes post-MoU safety net
EconomyIn the Interim Report on Monetary Policy for 2017 published on Thursday, Bank of Greece (BoG.... This, though, runs counter to the coalition’s efforts to achieve a clean programme exit. The BoG sees... with a participation that reached 86 percent. Based on existing data, the BoG sees the recovery
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