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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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Stournaras calls for lower primary surplus target, debt relief measures
PoliticsGreek PoliticsSpeaking at a conference of the Confederation of Northern Greece Industries (SBEE), the Bank of Greece (BoG) governor Yannis Stournaras suggested on Friday that Greece’s primary surplus target of 3.5... rates. Stournaras also revealed that based on various scenarios examined by the BoG, the lower fiscal
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Current account deficit more than halves to 708 mln in March
EconomyMacroeconomyGreece's current account (C/A) deficit more than halved to 708.1 million euros in March from 1.48 billion last year, Bank of Greece (BoG) figures showed on Friday. The notable improvement reflects... percent to 90.4 million. BoG also said that the remarkable rise in the primary income account surplus
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Credit contraction decelerates to 1.9 pct in April, loan deductions drop to 117 mln
EconomyMacroeconomyGreek bank credit contraction slowed down for the second straight month to 1.9 percent in April from 2.1 percent in March, Bank of Greece (BoG) figures showed on Tuesday. Net deductions eased to 117... 103 billion at the end of 2015. According to BoG data for last September, 55.4 percent of consumer
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Greek economy braced for impact from Brexit, hopes effect will be limited
EconomyThe impact of the UK referendum on Greece will be rather small and limited, Bank of Greece (BoG) sources said on Friday after the majority of British voters backed “Leave,” raising questions about... up 9.2 percent of total foreign arrivals in Greece, according to the BoG. However, travel receipts
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Deposit flow turns positive in May with inflows of 184 mln
EconomyMacroeconomyThe flow of Greek private sector deposits turned positive in May with inflows of 184 million following outflows of 59 million in April, Bank of Greece (BoG) figures displayed on Monday. Deposit... January 2015, while ECB funding also slipped by 1.78 billion to 30.9 billion. BoG said last Thursday
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