Search
-
BoG looks at other programme exits and options available to Athens
EconomyProgrammemarket. According to the Bank of Greece (BoG), programme ownership is a key factor in facilitating... another 7-year bond. Credit line The BoG argues that Greece should look into forming... August 2019 and 20.3 billion to last until the end of 2019. The BoG also argues that it is imperative
59% -
BoG report outlines benefits of surveillance and scenarios for debt
EconomyBankingIn the Monetary Policy report that was issued on Monday, Bank of Greece (BoG) dedicates a section... Eurogroup, the post-programme surveillance and BoG’s own debt sustainability analysis (DSA) that examines... and interest rate outcomes. In previous sections in the report, BoG argued that the enhanced
59% -
BoG notes economic progress, urges safeguarding of fiscal credibility
EconomyIn the financial stability report the Bank of Greece (BoG) published on Tuesday, it took stock... the fully loaded effect of the new IFRS 9 framework of booking bad assets. The BoG expects the economy... defaulters and settle the issue of non-viable companies. On the fiscal front, BoG sees this year’s
59% -
BoG sees broad economic impact from Covid-19, wiping out 2020 growth prospects
EconomyThe Bank of Greece (BoG) published on Friday the governor’s annual report for 2019, which... recent forecast of 2.4 pct growth has become obsolete so quickly. BoG notes that any estimates... slow down further by 0.6 to 1.4 percentage points. BoG argues that although the Greek economy
59% -
BoG sees 7.5 pct recession, EU funds boosting GDP by 1.9 pct annually
Economybanks deal with the bad loans challenge. BoG has revised its forecast for Greek GDP, from 5.8 pct... in the first half of the year. The BoG governor noted that the economic performance in Greece... investments. BoG estimates the GDP impact of the EU funding in the 2021-2026 period at 1.9 pct annually
59% -
BoG insists on need for bad bank, sees EU funds boosting recovery from 2021
Economy, the macroeconomic outlook has deteriorated and BoG now sees in its baseline scenario the economy... the March 2016 peak, with an NPE ratio still high at 35.8 pct. BoG also notes moratoria that are in place... remains relatively comfortable at 14.6 pct and 16.3 pct in CET1 and Capital Adequacy, BoG notes
59% -
BoG sees sustained growth, argues challenges require wide-ranging policy interventions
EconomyMacroeconomyThe Bank of Greece (BoG) published on Wednesday its latest monetary policy report in which... a wide range of policy recommendations. The BoG sees growth at satisfactory levels in the coming years... with the Stability Programme. The BoG identifies several key risks, mostly tilted to the downside
59% -
BoG proposes debt relief measures and lower primary surplus target from 2018
EconomyMacroeconomyIn its monetary policy report published on Wednesday, the Bank of Greece (BoG) suggested a set... percent of GDP threshold set by the International Monetary Fund. According to the BoG, sensible debt...) loans. BoG examined five different scenarios which are based on a set of common technical assumptions
57% -
BoG report reveals impact on banks’ capital from NPE reduction and loan sales
EconomyBankingIn its latest overview of the Greek financial sector, Bank of Greece (BoG) presented the outcome... conducted by the BoG concluded that despite the notable NPE reduction by 38 percent by the end of 2019.... This entails an impairment of 88 percent on the nominal loan value due to impairment losses. The BoG
57% -
BoG highlights areas of concern in underlying NPE data
EconomyBankingIn the overview of the financial system that the Bank of Greece (BoG) published last week.... BoG highlights that Greek lenders have made significant progress in tackling the stock of bad loans..., on the back of 2.1 billion of write offs. This portion of NPEs is the focus of the scheme that BoG
57%