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Travel balance falls by 97.3 pct in December, 76.5 pct in 2020
EconomyMacroeconomyof Greece (BoG) data has shown. This is equal to a decrease of 97.3 percent year-on-year (YoY). Receipts... is connected to the coronavirus pandemic, BoG noted and its associated travel restrictions. Visitors from... by 96.9 percent to 13.5 million euros. Regarding the methodology, BoG noted that data collected
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Newsletter 429 - 28/06/2024
taken by the ruling conservatives. The Bank of Greece (BoG) sees a sustained and rather stable growth... in the following year. This year’s estimate by the BoG is slightly more modest than the 2.5 pct... East. However, the BoG stresses one of the issues that could push the growth outlook below the current
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Reports raise questions about some economic policy decisions
EconomyMacroeconomyof the policy decisions taken by the ruling conservatives. The Bank of Greece (BoG) sees a sustained... in 2025 and 2.3 pct in the following year. This year’s estimate by the BoG is slightly more modest... and the Middle East. However, the BoG stresses one of the issues that could push the growth outlook
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Deposits edged up in Nov but credit contraction was close to 4 pct
EconomyMacroeconomy(BoG). Net inflows stood at 394 million in November from outflows of 630 million in October... 218.95 billion euros, according to the BoG. Loan balances eased 0.3 percent month on month (mom... to 29.3 percent at the end of June from 24.5 percent at the end of 2012, according to BoG latest official
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Fraud probe at Hellenic Postbank a sign of bigger things to come?
PoliticsGreek Politicscollateral. Following a strategic assessment conducted by the Bank of Greece (BoG) in March 2012, Hellenic Postbank was identified as non-core bank. Later in January 2013, the BoG decided to split the bank... a license by BoG, fully capitalised by the Hellenic Financial Stability Fund (HFSF) being its sole
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Greek banks' reliance on Eurosystem funding rose in December for first time since April
EconomyMacroeconomyCentral Bank (ECB) and the Bank of Greece (BoG) Emergency Liquidity Assistance (ELA) mechanism, rose by 2.92 billion euros in December, according to the BoG’s 2013 annual accounts. The hike in December... as collateral by the ECB. Accordingly, the ECB funding was replaced by the liquidity provided by the BoG ELA
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Greek banks' capital backstop and the funding gap: An uneasy relationship
Economybillion according to the Bank of Greece (BoG). However, HFSF assumes a higher amount close to 11... troika sources point to a higher figure close to 14 billion. The BoG and HFSF favour retaining... Minister Yiannis Stournaras has recently stated he awaits the outcome of the BoG report on banks’ capital
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Deposits up again in December but credit contraction continues apace
EconomyMacroeconomymonth in December with balances reaching 163.25 billion euros, according to the Bank of Greece (BoG..., with balances reaching 217.92 billion euros, according to the BoG. Loan balances eased 0.5 percent... percent at the end of June from 24.5 percent at the end of 2012, according to the BoG's latest
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EC sticks with 0.6 pct growth for Greece in 2014 but also sees C/A deficit
Economyto a recent Bank of Greece (BoG) release, which showed a Current Account (C/A) surplus of 1.24 billion... excluding the SMP income of 2.03 billion, the deviation between the BoG and EC numbers remains... and 1.6 percent of GDP respectively. In contrast, BoG forecasts point to an expansion of the C/A surplus
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Greek deposits down 0.3 pct in Feb, credit contraction stable
EconomyMacroeconomyreaching 160.54 billion euros, according to the Bank of Greece (BoG). Net flow remained negative... reaching 216.64 billion euros, according to the Bank of Greece (BoG). Loan balances eased 0.4... quarter, according to BoG latest data. As expected, the consumer credit sector excels with its NPL
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