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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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Credit contraction accelerates to 2 pct in May on increased loan deductions of 357 mln
EconomyMacroeconomyGreek bank credit contraction edged up to 2 percent in May, after slowing to 1.9 percent in April, Bank of Greece (BoG) figures displayed on Monday. Net deductions increased to 357 million euros.... According to BoG, the NPE ratio rose to 44.2 percent at the end of last December, while edged up
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Credit standards for Greek loans stayed stable in Q2, small uptick in demand for large corporate loans
EconomyMacroeconomyCredit standards for both corporate and household loans were kept largely stable quarter on quarter (QoQ) in the second quarter (Q2) of 2016, in line with expectations, Bank of Greece (BoG) bank... in Q3. On the demand front, BoG said that it slightly rose QoQ for large corporate lending in Q2
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Primary cash surplus more than doubles to 2.8 bln in first half of 2016
EconomyMacroeconomyGreece’s central government primary cash surplus widened to 2.76 billion euros in the first half of 2016 from 1.3 billion a year ago, accoding to Bank of Greece (BoG) figures published on Friday... by BoG.
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Government eases capital controls further, aiming to restore depositor confidence
Economythe institutions had also given their approval, which had been heralded by Bank of Greece (BoG) governor Yannis... in the course of July. The BoG is due to release an update on deposits with the evolution of June figures
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