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BoG awaits go-ahead from DG Comp over NPL scheme
EconomyBankingThe Bank of Greece (BoG) has reportedly finalised, in collaboration with Rothschild & Co, its plan..., and therefore being blocked by DG Comp. In an example outlined by the BoG, for delayed loans with a nominal... of 40 billion euros. BoG’s data showed that the above loans have collateral valued by the banks at 17
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BoG runs numbers to show how tackling NPE stock will benefit banks' bottom line
EconomyBankingIn the financial stability report it issued last week, the Bank of Greece (BoG) emphasised the need... (CET1) in June. The BoG notes that this type of capital composition, with high DTCs, prevents banks... shareholders. It is something banks want to avoid. In the latest report, the BoG examines how the high
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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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Newsletter 4 - 21/11/2014
as soon as possible. However, less than 24 hours later, one of the party’s MPs – Panayiotis Melas... percent certain he will vote for him. Kammenos threatened to oust Melas if he does not toe the party line. Melas’s possible defection is unlikely to have been greeted with surprise by the coalition camp
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Despite sharp increase in Dec, current account deficit improves markedly in 2025 to 14.11 bln
EconomyMacroeconomyGreece’s current account recorded a deficit of 3.86 billion euros in December, from 2.08 billion euros in November, Bank of Greece (BoG) data released on Friday showed. In December 2024, the balance... to 7.57 billion euros in December, from 7.01 billion last year. At the same time, total exports came
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