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Current account surplus jumps to 4.25 bln in July on SMP returns and nosedive in imports
EconomyMacroeconomytimes higher compared to the 1.27 billion posted last year, according to Bank of Greece (BoG) data...’ deficit by 1.36 billion. It is worth noting that BoG proceeded with a significant change in its... instead of the settlements data used until June. BoG said that this change is part of an overall
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ELA funding drops by 1.58 bln in Sept for third straight fall
EconomyMacroeconomyby 1.58 billion euros, the Bank of Greece's (BoG) monthly financial statement showed on Thursday... on September 3 and 17 respectively. Both decisions were prompted by BoG and reflected the improving... and the ECB funding, the respective collateral pledged by Greek banks with the BoG fell by 2 and 1.1 billion
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Credit standards for corporate loans tightened again in Q3
EconomyMacroeconomyquarter, Bank of Greece (BoG) bank lending survey (BLS) data showed for the third quarter (Q3) of 2015. BoG attributed the increased tightening Greek bank issues related to their liquidity conditions... quarter, BoG expects credit standards to remain stable QoQ. Similarly, in spite of initial expectations
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Eurosystem funding down by 2 bln in Oct for fourth straight fall
EconomyMacroeconomy, when it eased by 2.01 billion euros from a 2.67 billion drop in September, the Bank of Greece's (BoG... following a relevant proposal by BoG amid reduction of uncertainty and stabilization of domestic deposit... with the BoG by 3.79 billion euros to 158.62 billion at the end of October, its lowest level since
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Deadline for liberalisation of household and SME NPLs looms closer
Economywith a subsidiary in Greece. They are to be licensed and regulated by the Bank of Greece (BoG). An NPL may... According to the BoG’s latest official data, non-performing exposure (NPE), which is a wider definition of NPLs, stood at 42.1 percent of gross loans at the end of June. BoG preliminary figures showed
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New rules on sale of NPLs come into play after approval of omnibus bill
EconomyProgramme. Licensed companies that will engage in loan sales may also be based outside EEA. The Bank of Greece (BoG... in case the company is also licensed to grant loans. Licensed companies have to submit to the BoG..., liquidated and defaulted loans as well as write-offs. The BoG receives a fee from the licensed companies
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Office prices ease 0.2 pct in 2015, retail prices drop by 3.5 pct
EconomyMacroeconomyOffice prices in Greece grew by 0.2 percent in the second half (H2) of 2015, Bank of Greece (BoG... declined by 29 percent since 2010. BoG started publishing commercial property indices twice a year..., shows a cumulative drop by 36 percent. Office rents The figures published by BoG on office rents
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Current account deficit narrows to 822 mln in April
EconomyMacroeconomybillion a year ago, Bank of Greece (BoG) figures showed on Tuesday. The year on year improvement... landing at 1.38 billion. BoG noted that the improvement in the goods’ balance is fully due to lower... billion, mainly attributed to improved oil balance stemming from lower oil prices. BoG figures showed
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Stournaras eyes easing of capital controls, updates on loan quality and NPL reduction targets
EconomyMacroeconomyAppearing before Parliament’s economic affairs committee on Monday Bank of Greece (BoG) Governor..., Stournaras said. The BoG governor also noted that Greek banks submitted on June 24 to the regulatory authorities, the BoG and the Single Supervisory Mechanism (SSM) of the European Central Bank (ECB
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Eurosystem funding falls 8.6 bln in June in aftermath of waiver reinstatement
EconomyMacroeconomya decrease by 3.86 billion in May, Bank of Greece's (BoG) monthly financial statement displayed on Wednesday... that of ECB funding. Meanwhile, the gross value of the collateral pledged with the BoG for ELA funding... billion to 38.12 billion. The BoG’s financial statement also provided an update on the evolution
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