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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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Banks meet NPE targets in Q1 but mortgage reductions remain slow
EconomyMacroeconomypublished by the Bank of Greece (BoG) on Wednesday afternoon. Compared to the March 2016 peak, NPEs have... quality trends in the first quarter, BoG noted that the cure rate remained at the same level as in Q4..., liquidations and collections. BoG noted that banks intend to accelerate the sale of loans, mainly
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Travel balance down by 29 pct in April as receipts slump
EconomyMacroeconomyterritory after March’s growth of 48.30 percent, Bank of Greece (BoG) data revealed on Thursday..., the BoG figures showed that arrivals in the aggregate period came to 27.2 million visitors, meaning that according to BoG, tourism figures for 2017 exceeded SETE’s estimates. For 2018, SETE predicts
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Newsletter 167 -22/06/2018
of Greece (BoG) figures showed this week. The headline figure includes an arrears’ repayment of 662... of 955.8 million, Bank of Greece (BoG) figures revealed this week. Year-on-year (YoY), the headline figure... due to a deterioration in all main subcategories. The BoG stated that the worsening of the goods
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Eurosystem funding falls by 716 mln in May
EconomyMacroeconomyGreek banks’ Eurosystem funding fell by 716 million euros in May, the Bank of Greece's (BoG... the majority of total liquidity at 54.2 percent. In May, ELA collateral pledged with the BoG fell by 5.64 billion euros, while that for the ECB edged up slightly by 60 million euros. The BoG figures also
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Eurosystem funding falls by 4.56 bln in June to 16.31 bln
EconomyMacroeconomy-on-month (MoM), the Bank of Greece's (BoG) monthly financial statement has revealed. In May, the MoM... of total liquidity at 55.1 percent. In June, ELA collateral pledged with the BoG fell by 5.27.... The BoG figures also revealed that banknotes in circulation fell by 557 million to 32.36 billion
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