Tag: BoG

Greek budget execution: July 2017 revenues lag behind target by 729 mln€
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Greek budget execution: July 2017 revenues lag behind target by 729 mln€

Panos - Aug 17, 2017

Figures released this week by the Greek finance ministry showed a significant lag in collected public revenues for last month, July 2017, compared with the target. Specifically,…

BoG: ELA funding towards Greek banks down by 3.3 bln€ in July 2017
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BoG: ELA funding towards Greek banks down by 3.3 bln€ in July 2017

Panos - Aug 11, 2017

The Bank of Greece on Thursday announced that emergency central bank funding to Greece's systemic lenders was decreased by 3.3 billion euros (8.7 percent) in July 2017,…

BoG: Bank deposits in Greece up by 771 mln€ in June
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BoG: Bank deposits in Greece up by 771 mln€ in June

Panos - Jul 28, 2017

Greece's central bank on Thursday announced that deposits in domestic banks by households and non-profit institutions increased by 771 million euros in June, compared with a decrease…

BoG: Tourism arrivals, revenues up in April 2017, compared with April 2016
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BoG: Tourism arrivals, revenues up in April 2017, compared with April 2016

Panos - Jul 18, 2017

The Bank of Greece (BoG) this week announced that tourism arrivals in April 2017 were up by 12 percent compared with the corresponding month in 2016, with…

Greek central govt revenues, surplus on target during first 5-month period of 2017
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Greek central govt revenues, surplus on target during first 5-month period of 2017

Panos - Jun 15, 2017

The Greek central government’s revenues were mostly on target during the first five months of 2017, with the benchmark now being the Medium-Term Fiscal Strategy – after…

BoG Gov. reportedly promises creditors new bank managements by Oct. 31
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BoG Gov. reportedly promises creditors new bank managements by Oct. 31

Panos - Oct 24, 2016

Bank of Greece (BoG) Governor Yannis Stournaras reportedly promised institutional creditors that the board of directors of Greece’s four systemic banks will have been replaced by Oct.…

BoG: Greek real estate values, leasing revenue imploded during crisis
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BoG: Greek real estate values, leasing revenue imploded during crisis

Panos - Oct 21, 2016

Real estate values in Greece have imploded, with the value of residential apartments down 41.4 percent over 2006-2016 period, Bank of Greece (BoG) vice president Theodoros Mitrakos…

Bank of Greece: ELA ceiling for banks reduced by €100 million
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Bank of Greece: ELA ceiling for banks reduced by €100 million

Panos - Oct 05, 2016

The emergency liquidity assistance (ELA) from the European Central Bank was reduced by a further 100 million euros, announced the Bank of Greece on Wednesday. According to…

BoG unveils new code of ethics for NPLs
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BoG unveils new code of ethics for NPLs

Panos - Aug 03, 2016

A new code of ethics for Greek banks is expected to boost efforts at reducing the “Olympus-sized” mountain of non-performing loans (NPLs) in the country, especially of…

Bank of Greece warns of a rise in non-performing loans in 2016
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Bank of Greece warns of a rise in non-performing loans in 2016

Panos - Jul 28, 2016

In its overview of the domestic banking system, the Bank of Greece has issued a warning about the further rise in non-performing loans and called for an…

BoG report: Nearly one in two loan portfolios now falls into NPL category
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BoG report: Nearly one in two loan portfolios now falls into NPL category

Panos - Jul 27, 2016

The Bank of Greece (BoG) this week revisited the still unresolved and pressing issue of non-performing loans (NPLs) in the country, referring to a continuing deterioration of…

BoG: Balance of payments up 272 mln€ in May, yoy
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BoG: Balance of payments up 272 mln€ in May, yoy

Panos - Jul 21, 2016

The Bank of Greece on Thursday announced that the current account showed a deficit of €412 million in May 2016, up by €272 million year-on-year. According to…

Creditors approve plan for easing of capital controls
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Creditors approve plan for easing of capital controls

Panos - Jul 19, 2016

Greece’s creditors have approved a series of initiatives devised by the Bank of Greece aimed at relaxing the capital controls which are currently in place. The Governor…

BoG: Primary surplus targets must be reduced to 2%
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BoG: Primary surplus targets must be reduced to 2%

Panos - Jun 15, 2016

In its Monetary Policy Report for 2015-2016 that was submitted in Parliament on Wednesday morning, the Bank of Greece underlines the need to reduced the primary surplus…