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NPEs down by 13 pct to 81.8 bln in 2018, but BoG highlights continuing credit risk
EconomyBankingThe financial stability report published by Bank of Greece (BoG) on Tuesday details the credit risk... loan NPEs are not serviced for more than six months. The BoG highlights that 48 percent of NPEs have... by more than 90 days. BoG notes that 11.9 billion euros of loans, or 14.5 percent of NPEs, are under
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Card usage gains traction with debit cards leading the way, BoG finds
EconomyBankingThe Bank of Greece’s (BoG) latest overview of the Greek financial system has shown that the rate... the category of credit cards, virtual payment cards recorded a YoY rise of 20 percent. The BoG noted... businesses and individuals. Growing card usage Apart from a rise in active cards, the BoG’s data showed
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BoG revises 2024 growth down to 2.5 pct, advocates wide range of policies and reforms
EconomyMacroeconomyassesses the economy’s progress over the year, though challenges are clouding the outlook. The BoG makes.... The BoG says this is due to slower growth in the euro area and monetary policy leading to interest... competitiveness of the economy. To address those risks and challenges, the BoG makes eleven policy
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BoG sees ample capital space for banks to sell bad loans
EconomyBankingof Greece (BoG) presents in its semiannual overview of the Greek financial system a sensitivity analysis... goals. In its analysis, the BoG examines the level of flexibility that Greek lenders have in managing... secondary market for destressed debt. As the macro conditions improve, the BoG expects
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BoG data shows drop in card usage in first half of 2019
EconomyFeaturesThe Bank of Greece (BoG) Financial Stability Report for December has shed light on a number... at 67 euros per transaction per card. BoG also tracked card fraud rates in the report, showing.... It should be noted, however, that the figures from BoG for the first half of 2019 do not capture
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BoG sees 2.2 pct growth in 2023 but warns new govt must stick to reforms
Economy. The BoG sees the economy growing faster than it was previously thought, up to 2.2 pct, from 1.5 pct... imports. On the fiscal front, the BoG sees a primary surplus returning after three years of deficits... that could undermine the commitment to fiscal responsibility and debt sustainability. Upgrade BoG adds
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BoG sees sustained growth and progress, but challenges require policy drive
EconomyMacroeconomygoods, is expected to drop significantly. The BoG identifies several risks to growth, including..., and declining non-performing loans (NPLs). To address the economic challenges and sustain growth, BoG... become more competitive. Overall, the BoG argues that Greece has made notable progress, with GDP growth
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BoG cautiously optimistic on economy and banking sector
Economyto the Bank of Greece (BoG)’s latest Financial Stability Review. While growth has slowed slightly, the report... pct. The BoG noted that domestic lenders performed above the EU average in the latest stress tests.... To bolster resilience, it raised the countercyclical capital buffer by 0.25 percentage points. BoG’s
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Latest BoG report sees sustained growth, range of challenges
EconomyMacroeconomypolicy recommendations for the ongoing economic challenges. The BoG notes that the economy..., declining non-performing loans and resilience confirmed by EU-wide stress tests. According to BoG... decline, labour market pressures and high public debt. To address these challenges, BoG stresses
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BoG sees Greek growth resilience, highlights global risks
EconomyMacroeconomyrisks. The BoG says the international environment is characterised by increased instability, which... gap. The BoG argues that foreign direct investment (FDI) reached an all‑time high, signalling strong... capital adequacy. The BoG emphasises the need to accelerate completion of the Banking Union
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