Tag: BoG

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ECB lowers ELA ceiling for Greek banks

Panos - Oct 27, 2017

The Bank of Greece (BoG) on Thursday announced that the European Central Bank’s governing council did not object to an ELA-ceiling for Greek banks set at 28.6…

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Tourism revenue over 7 billion Euros, BoG provisional data shows

Panos - Sep 21, 2017

Greek tourism recorded a double-digit rise in arrivals for the month of July, according to provisional balance of payments data released by the Bank of Greece (BoG).…

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Bank Deposits Rise in July for Third Month in a Row

Panos - Aug 29, 2017

Greek private sector bank deposits rose in July for the third month in a row, although they remain at 14-year lows, central bank data showed on Monday.…

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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,…

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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,…

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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…

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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.…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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…