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Clock ticks on bailout review but big gaps remain between Greece, lenders
EconomyProgrammethe domestic banking system. According to the Bank of Greece (BoG), the non-performing exposure (NPE... billion. BoG has repeatedly stressed that the key challenge for banks relates to the management
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Current account deficit falls to 780 mln in Dec and 7.5 mln in 2015
EconomyMacroeconomyGreece's current account (C/A) deficit fell by 58.3 percent to 779.8 million euros in December from 1.87 billion last year, Bank of Greece (BoG) figures showed on Friday. The notable improvement... respectively. The BoG noted that lower international oil prices resulted in an improving oil balance
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Negative deposit flow of 1.12 bln in Jan
EconomyMacroeconomyAfter a short-lived positive flow of 2.65 billion euros in December, the Greek banking system recorded outflows of 1.12 billion in January, Bank of Greece (BoG) data displayed on Thursday... split between social security funds (2.55 billion) and local government (2.33 billion). The BoG has
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Credit contraction edges up to 2.1 pct in Jan on deductions of 512 million
EconomyMacroeconomyGreek bank credit contraction slightly accelerated to 2.1 percent in January from 2 percent in December, Bank of Greece (BoG) figures displayed on Thursday. The net lending flow turned negative again... today, BoG stressed that the strengthening of the domestic banking system entails addressing
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Credit contraction accelerates to 2.3 pct in Feb, loan deductions of almost 400 mln
EconomyMacroeconomyGreek bank credit contraction accelerated for the second successive month in February to 2.3 percent from 2.1 percent in January, Bank of Greece (BoG) figures showed on Tuesday. The net lending flow.... The BoG has recently pointed out that addressing the huge stock of non-performing loans is the key
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Building activity down 18.8 pct in January, permits hit new low
EconomyMacroeconomy, as the construction sector was among the mostly harmed from the Greek crisis. The latest Bank of Greece (BoG... euros over this period. The BoG’s latest figures show almost 40 percent of outstanding housing loans
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Stable credit standards for loans in Q1, small uptick in demand for SME and housing lending
EconomyMacroeconomyCredit standards for both corporate and household loans remained broadly unchanged quarter on quarter (QoQ) in Q1 of 2016, according to the Bank of Greece’s (BoG) bank lending survey... from the four core Greek banks. According to the BoG, the purpose of the survey is to present
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Compromise emerges on liberalisation of NPL market
EconomyProgrammealso been reached on those issues. According to the latest Bank of Greece (BoG) data, the non... and impaired loans, and is the key metric of asset quality by the ECB and BoG since the beginning of 2015
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Credit contraction slows to 2.1 pct in March, loan deductions fall to 146 mln
EconomyMacroeconomyGreek bank credit contraction decelerated to 2.1 percent in March after a short-lived acceleration to 2.3 percent in February, Bank of Greece (BoG) figures showed on Wednesday. The net lending flow... by BoG show the non-performing exposure (NPE) ratio edged up to 43.6 percent in September from 39.9
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Piraeus first Greek bank to repay Pillar II bonds, others to follow
EconomyBankingof their nominal value. According to the annual financial results of the Bank of Greece (BoG), banks paid to BoG a total of 914.6 million euros in 2015 as interest expense for ELA funding, compared
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