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BoG sees central gov't primary surplus to May at 1.06 bln on cash basis
EconomyMacroeconomypercent to 1.88 billion from 7.32 billion last year, according to the Bank of Greece (BoG... deficit of 4.02 billion last year. The BoG calculates the central government figures on a cash... to the BoG underlying item. Cash expenditure retreated 16.8 percent to 20.21 billion euros. Adjusting
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BoG reveals figures for repatriation and banknotes returning to banking system
EconomyBankingIn its annual report published on Friday, the Bank of Greece (BoG) provided more details... uncertainty for Greek banks. The BoG also revealed that the repatriation of funds invested in foreign... abroad again, BoG noted. Moreover, the monthly repatriation of funds invested in foreign securities
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BoG reveals number of indebted borrowers, details business NPEs
EconomyMacroeconomy(NPEs) of Greek banks presented by Bank of Greece (BoG) on January 12, BoG deputy governor Theodoros... to the latest BoG report with data as of June 2016, denounced loans made up 44.2 percent of NPEs, while... published by BoG on Tuesday showed that Greek banks continued to meet their NPE reduction target
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BoG looks at other programme exits and options available to Athens
EconomyProgrammemarket. According to the Bank of Greece (BoG), programme ownership is a key factor in facilitating... another 7-year bond. Credit line The BoG argues that Greece should look into forming... August 2019 and 20.3 billion to last until the end of 2019. The BoG also argues that it is imperative
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BoG report outlines benefits of surveillance and scenarios for debt
EconomyBankingIn the Monetary Policy report that was issued on Monday, Bank of Greece (BoG) dedicates a section... Eurogroup, the post-programme surveillance and BoG’s own debt sustainability analysis (DSA) that examines... and interest rate outcomes. In previous sections in the report, BoG argued that the enhanced
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BoG notes economic progress, urges safeguarding of fiscal credibility
EconomyIn the financial stability report the Bank of Greece (BoG) published on Tuesday, it took stock... the fully loaded effect of the new IFRS 9 framework of booking bad assets. The BoG expects the economy... defaulters and settle the issue of non-viable companies. On the fiscal front, BoG sees this year’s
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BoG sees broad economic impact from Covid-19, wiping out 2020 growth prospects
EconomyThe Bank of Greece (BoG) published on Friday the governor’s annual report for 2019, which... recent forecast of 2.4 pct growth has become obsolete so quickly. BoG notes that any estimates... slow down further by 0.6 to 1.4 percentage points. BoG argues that although the Greek economy
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BoG sees 7.5 pct recession, EU funds boosting GDP by 1.9 pct annually
Economybanks deal with the bad loans challenge. BoG has revised its forecast for Greek GDP, from 5.8 pct... in the first half of the year. The BoG governor noted that the economic performance in Greece... investments. BoG estimates the GDP impact of the EU funding in the 2021-2026 period at 1.9 pct annually
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BoG insists on need for bad bank, sees EU funds boosting recovery from 2021
Economy, the macroeconomic outlook has deteriorated and BoG now sees in its baseline scenario the economy... the March 2016 peak, with an NPE ratio still high at 35.8 pct. BoG also notes moratoria that are in place... remains relatively comfortable at 14.6 pct and 16.3 pct in CET1 and Capital Adequacy, BoG notes
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BoG sees sustained growth, argues challenges require wide-ranging policy interventions
EconomyMacroeconomyThe Bank of Greece (BoG) published on Wednesday its latest monetary policy report in which... a wide range of policy recommendations. The BoG sees growth at satisfactory levels in the coming years... with the Stability Programme. The BoG identifies several key risks, mostly tilted to the downside
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