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EconomyBanking
Bank of Greece says NPE ratio up to 45.2 pct, provides more bad loan details Bank of Greece (BoG) released on Tuesday the third second issue of its semi-annual overview of the Greek financial sector presenting an analysis of the latest loan quality figures.
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EconomyMacroeconomy
BoG revises GDP forecast, stresses debt restructuring and reforms in monetary policy report The Bank of Greece’s (BoG) monetary policy report, submitted to the Parliament last Friday, outlined a downwardly revised 2017 GDP forecast of 1.6 percent from 2.5 percent previously.
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EconomyMacroeconomy
Credit contraction slightly accelerates to 1 pct in May on deductions of 395 mln The pace of credit contraction in the Greek market slightly accelerated to 1 percent in May from 0.9 percent in the previous month, Bank of Greece (BoG) figures showed on Wednesday.
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EconomyMacroeconomy
Deposit flow in positive territory at 638 mln in May The deposit flow in the Greek banking system turned positive in May, with inflows of 638 million following outflows of 139 million in April, Bank of Greece (BoG) figures showed on Wednesday.
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EconomyMacroeconomy
Travel receipts rise by 11.3 pct in April on back of higher arrivals Travel receipts rose by 11.3 percent in April, reversing a decline of 7.8 percent in March, provisional Bank of Greece (BoG) figures showed on Wednesday.
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EconomyMacroeconomy
Current account deficit eases by 410.6 mln in April Greece’s current account (C/A) deficit eased by 410.6 million euros to 461.7 million in April from 872.2 million a year ago, Bank of Greece (BoG) figures showed on Tuesday.
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EconomyMacroeconomy
Primary cash balance posts deficit of 316 mln in first 5 months The central government primary cash balance turned to a deficit of 316 million euros in the first five months of 2017 from a surplus of 2.66 billion last year, Bank of Greece data revealed on Friday.
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EconomyMacroeconomy
Eurosystem funding drops by 2.2 bln in May, mostly on further decrease in ELA reliance Greek banks’ Eurosystem funding fell for the 23rd successive month in May, when it dropped by another 2.22 billion euros, the Bank of Greece's (BoG) monthly financial statement revealed on Thursday.
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EconomyMacroeconomy
BoG reveals number of indebted borrowers, details business NPEs Following the most recent data on the qualitative characteristics of the non-performing exposures, BoG deputy governor Theodoros Mitrakos revealed important aspects of NPEs.
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EconomyMacroeconomy Banks meet overall NPE reduction target in Q1 2017, largely on write-offs Greek banks continued meeting their NPE reduction target in Q1 2017, the third quarterly report on operational targets for NPEs published by the Bank of Greece (BoG) revealed.