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Eurosystem funding drops by 4.58 bln in January, banknotes in circulation fall
EconomyMacroeconomyGreek banks’ Eurosystem funding fell by around 4.58 billion euros in January, Bank of Greece's (BoG.... In January, the collateral pledged with the BoG fell by 2.75 billion euros, while that for the ECB edged down by around 2.61 billion compared to the previous month. The BoG figures also revealed
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January current account deficit at 585.8 mln as goods balance worsens
EconomyMacroeconomyfrom December’s deficit of 1.24 billion, Bank of Greece (BoG) figures showed on Friday. The respective... by 246 million euros year-on-year. According to the BoG, this was driven by a worsening balance of goods... and by 16.4 percent at constant prices, BoG noted. Exports excluding oil and ships increased by 21.8
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Eurosystem funding drops by 2.80 bln in February, led by ELA reduction
EconomyMacroeconomy(BoG) monthly financial statement revealed on Tuesday. This decline took central bank funding to 26.30... pledged with the BoG fell by 1.27 billion euros, while that for the ECB was reduced by roughly 1.52 billion compared to the previous month. The BoG figures also revealed that banknotes in circulation
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Banks meet NPE targets in Q4, reduction at highest rate since start of crisis
EconomyMacroeconomypublished by the Bank of Greece (BoG) on Thursday afternoon. In particular, the BoG noted that reduction... by around 200 million. Commenting on the asset quality trends in Q4, BoG noted that the quarterly default
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Building activity up by 18 pct in Jan, permits dip below 1,000-mark
EconomyMacroeconomythe peak of 95,730 permits issued in 2005. The most recent quarterly Bank of Greece (BoG) figures... in February, with the balance declining to 58.56 billion euros, according to the BoG. The BoG’s data
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Eurosystem funding drops by 1.45 bln in March as ELA reduction offsets ECB rise
EconomyMacroeconomy(BoG) monthly financial statement revealed on Friday. This decline took central bank funding to 24.84... of the total liquidity. In March, the collateral pledged with the BoG fell by 8.60 billion euros... since July 2017. The BoG figures also revealed that banknotes in circulation fell by 27 million
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February current account deficit at 1.29 bln as underlying balances worsen
EconomyMacroeconomyfrom January’s deficit of 585.6 million, Bank of Greece (BoG) figures showed on Friday. The respective... by 263.3 million euros year-on-year. According to the BoG, the balance of goods improved by 120.8 million... euros to a deficit of 2.54 billion euros. BoG stated that the worsening of the services balance
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Eurosystem funding decline picks up pace to 3.26 bln in April
EconomyMacroeconomyGreek banks’ Eurosystem funding fell notably by 3.26 billion euros in April, Bank of Greece's (BoG... the majority of total liquidity, at 52.7 percent. In April, the collateral pledged with the BoG fell.... The BoG figures also revealed that banknotes in circulation fell by 465 million to 33.50 billion
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March current account deficit at 955.8 mln on improvement in goods balance
EconomyMacroeconomy, improving against February’s deficit of 1.29 billion, Bank of Greece (BoG) figures showed on Monday... year-on-year. According to the BoG, the improvement in the balance of goods stems mainly from... to the BoG. The travel balance was more or less unchanged, despite international arrivals increasing
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Focus of banking sector commitments shift to NPL reduction, debt restructuring framework
EconomyProgrammeare expected to submit a funding model for the medium-term and Bank of Greece (BoG) will be monitoring... of the BoG quarterly monitoring and reporting on the banks’ progress in achieving the NPE reduction goals. On top of this process, BoG will also present on a quarterly basis to the institutions a report
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