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  1. Greek deposits slip in October as credit also contracts by 3.9 pct

    EconomyMacroeconomy

    Greek private sector deposits decreased by 0.6 percent month on month (mom) in October, with balances reaching 160.38 billion euros, according to the Bank of Greece (BoG). Net flow remained negative..., according to the BoG. Loan balances eased 0.6 percent month on month (mom) for the seventh consecutive month

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  2. Tourism turnover index slows but signs remain positive
    Photo by Harry van Versendaal

    EconomyMacroeconomy

    . Indeed, latest Bank of Greece (BoG) data show that travel spending by non-residents to September... period last year, according to BoG. The number of travellers from Russia jumped 49.4 percent to 1.2

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  3. Banks' reliance on Eurosystem funding eases for seventh straight month in Nov

    EconomyMacroeconomy

    Greek banks’ Eurosystem funding, the combined liquidity they have received from the European Central Bank (ECB) and the Bank of Greece (BoG) Emergency Liquidity Assistance (ELA) mechanism, marginally eased by 0.33 billion euros in November, according to the BoG’s monthly financial statement

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  4. Greek Q4 GDP down 2.6 pct, shrinks 3.7 pct in 2013 - better than troika estimates

    EconomyMacroeconomy

    for the material improvement of the Current Account (C/A) balance. Latest Bank of Greece (BoG) data shows a C...: The Greek government and the troika estimate a GDP rebound by 0.6 percent with BoG and Fitch Ratings

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  5. Greek credit contracts by 4 pct in Jan, NPLs rise to 31.2 pct in Sept

    EconomyMacroeconomy

    billion euros, according to the Bank of Greece (BoG). Loan balances eased 0.1 percent mom... showing positive growth (0.9 percent) with marginal deductions of just 2 million in January. The BoG

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  6. Bank framework paves way for Eurobank capital increase, gives HFSF flexibility
    Photo by MacroPolis

    EconomyBanking

    by the Bank of Greece (BoG) of 262 for Alpha and 425 million for Pireaus, which is by far the least... in the short-term. The lender’s capital needs were determined at 2.95 billion by the BoG. The Hellenic

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  7. Building activity continues to crumble, falling by 20.7 pct in Feb

    EconomyMacroeconomy

    banks’ recent stress tests conducted by the BoG assumed a 6.2 percent drop in residential house... is similar to that of the BoG.

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  8. Greek bank capital increases: A breakdown of what has been achieved
    Photo by MacroPolis

    Economy

    the announcement of capital needs by the Bank of Greece (BoG). They completed capital increases of 1.2... banks was mainly targeting the capital needs of 6.4 billion determined by the BoG. This applies

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  9. April saw first rise in Greek banks' Eurosystem funding this year

    EconomyMacroeconomy

    Greek banks’ Eurosystem funding increased by 1.27 billion in April, showing a monthly rise for the first time since December 2013, according to the Bank of Greece's (BoG) monthly financial statement... by the BoG in August 2011 as a last resort funding to assist Greek banks’ access to liquidity. Its

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  10. Greece's C/A deficit for March drops sharply to 44.4 mln

    EconomyMacroeconomy

    Greece's March current account (C/A) deficit shrank to 44.4 million from 1.24 billion last year, according to the Bank of Greece (BoG). The sharp drop mainly reflects a substantial rise... will ease to 0.2 percent of GDP in 2014 and rebound to 0.8 percent in 2015. The BoG is more optimistic

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