Search
-
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
21% -
Newsletter 434 - 27/09/2024
. It is apparent in the BoG research, which uses official data from the Labour Ministry’s Ergani database... in 2016. However, BoG also finds that wages in income brackets above 1,200 per month have barely moved... of EU tables in terms of real wages and purchasing power parity, the current administration has
21% -
Data underlines Greece still has big wage gap to bridge
EconomyMacroeconomydistribution for wage workers between 2016 and 2023. It is apparent in the BoG research, which uses... amounting to 27 pct of the workers, from roughly 17 pct in 2016. However, BoG also finds that wages... and purchasing power parity, the current administration has repeatedly pledged a rise of the average wage
21% -
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
21% -
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
21% -
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
21% -
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
21% -
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
21% -
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
21% -
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
21%