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Greeks living in smaller, older, poorer quality homes during crisis, BoG study shows
SocietyA study published in the latest Bank of Greece (BoG) economic bulletin highlighted..., the BoG study concludes that an increasing number of families are using homes of extremely low... loans have been reduced over this period, the BoG study concludes that the positive growth rate
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BoG proposes debt relief measures and lower primary surplus target from 2018
EconomyMacroeconomyIn its monetary policy report published on Wednesday, the Bank of Greece (BoG) suggested a set... percent of GDP threshold set by the International Monetary Fund. According to the BoG, sensible debt...) loans. BoG examined five different scenarios which are based on a set of common technical assumptions
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BoG report reveals impact on banks’ capital from NPE reduction and loan sales
EconomyBankingIn its latest overview of the Greek financial sector, Bank of Greece (BoG) presented the outcome... conducted by the BoG concluded that despite the notable NPE reduction by 38 percent by the end of 2019.... This entails an impairment of 88 percent on the nominal loan value due to impairment losses. The BoG
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BoG highlights areas of concern in underlying NPE data
EconomyBankingIn the overview of the financial system that the Bank of Greece (BoG) published last week.... BoG highlights that Greek lenders have made significant progress in tackling the stock of bad loans..., on the back of 2.1 billion of write offs. This portion of NPEs is the focus of the scheme that BoG
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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 charts how crisis has affected private sector employment
EconomyIn its latest economic bulletin, the Bank of Greece (BoG) included a study that sets out how... by 133,500 thousand for the first time after six consecutive years of negative balance. The BoG study... is some 20 percent below that of men (53.5 euros). Another important finding from the BoG study
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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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