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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 shows lower deposit rates and a sharper drop in loan rates in June
EconomyMacroeconomyΤhe interest rate on households’ new time deposits dropped another 14 basis points (bps) to 2.39 percent in June, according to the Bank of Greece (BoG). In contrast to the first quarter of the year... is a historic low. The BoG noted that since June 2014 restructured loans are no longer included
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BoG data shows that overseas property investment revenue accelerated in 2018
EconomyFeaturesProperty investments from overseas parties have picked up in recent years in Greece, as illustrated by figures from the Bank of Greece (BoG) which showed that 1.35 billion euros worth of foreign.... Property prices The latest data from the BoG showed that apartment prices in Greece during
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BoG governor renews calls for launch of bad bank and ESM use
EconomyBankingthat currently is a large part of the banks’ capital base. According to BoG calculations, the loss... for near-zero interest funding. BoG’s range of forecasts for this year is 4.5 to 9.5 pct, with 6 pct
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Signs of siege mentality in gov't dispute with lenders, BoG governor
PoliticsGreek PoliticsDraghi. The SYRIZA-Stournaras relationship took another turn for the worse in December, when the BoG
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