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Eurosystem funding drops at sharper pace of 3.6 bln in Jan
EconomyMacroeconomya drop of 1.87 billion in December, the Bank of Greece's (BoG) monthly financial statement showed..., the collateral pledged with BoG for ELA funding dropped at a higher pace of 2.16 billion to 101.23...) is explained by the haircut applied to the collateral by the ECB. BoG data also revealed that banknotes
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Eurosystem funding down by 1.1 bln in Feb, ELA increases for first time since April
EconomyMacroeconomy, the Bank of Greece's (BoG) monthly financial statement revealed on Monday. The outstanding balance..., the collateral pledged with BoG for ELA funding fell by 1.83 billion euros and dipped below the 100-billion mark, while that for ECB funding dropped by 4.08 billion to 21.58 billion. BoG figures also showed
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Primary cash surplus almost halves to 1.1 bln in 2-month
EconomyMacroeconomyGreece’s central government primary cash surplus fell to 1.11 billion euros in the 2-month period of 2017 from 2.09 billion a year ago, Bank of Greece (BoG) figures showed on Friday. This year’s... similar to the BoG figure. It is worth noting that the MoF and BoG apply different accounting
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Current account deficit narrows to 271 mln in Jan
EconomyMacroeconomymillion a year ago, Bank of Greece (BoG) figures showed on Thursday. The improvement by around 500... by 28.3 percent to 1.46 billion. The BoG noted that both rises were largely driven by a rise... and 4.3 percent respectively, BoG said. The improvement in the services’ surplus is mostly due
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Credit contraction stable at 1.6 pct in Feb, net deductions drop to 101 mln
EconomyMacroeconomyof Greece (BoG) figures showed on Monday. Meanwhile, net deductions significantly slowed to 101...) stock remains the most important precondition for the long-awaited credit expansion. BoG said last..., BoG noted.
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Deposit outflows continue in Feb but slow to 750 mln
EconomyMacroeconomymillion euros in February from 1.53 billion in the previous month, Bank of Greece (BoG) figures... respectively, while insurance companies had also posted inflows of 199 million in January. BoG figures also... ceiling for Greek banks by 400 million euros to 46.6 billion following a request from the BoG
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Newsletter 113 - 31/03/2017
million euros was less than half the 1.73 billion recorded in the previous month, Bank of Greece (BoG... ceiling for Greek banks by 400 million to 46.6 billion following a request made by the BoG that takes... percent in February, according to the BoG. At the same time, net deductions significantly slowed to 101
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Newsletter 114 - 07/04/2017
targets in the fourth quarter (Q4) of 2016, the Bank of Greece (BoG) noted in its second quarterly... better than target of 76.3 billion. The BoG also said that NPEs fell for the third straight quarter..., liquidations and loan sales was rather limited, the BoG said. 2 Unemployment rate remains stable At 4.76
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IMF downgrades Greek GDP and unemployment forecasts
EconomyMacroeconomyof Greece (BoG) has a slightly lower estimate of 2.5 percent, while the OECD foresees a much slower growth of 1.3 percent for 2017. However, BoG governor Yannis Stournaras recently stressed that the negative carry-over from the Q4 GDP contraction is estimated at -0.6 percent. This means that the updated BoG
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Current account deficit expands to 937 million in Feb
EconomyMacroeconomyfrom 828.1 million last year, Bank of Greece (BoG) figures revealed on Thursday. The deterioration... percent to 1.64 billion. The BoG stressed that higher international oil prices led to a rise... to 7.23 billion, while exports also rose by 18.1 percent to 4.13 billion. The BoG noted that both
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