BANK OF GREECE

ENGLISH EDITION

Bank fraud and losses cardholders are stuck with

The latest report from the Bank of Greece (BoG) on Financial Stability highlights that fraudsters prefer transactions with credit transfers which increased 300% in 2020, in relation to 2019.

08 Δεκ 2021 08:21

ENGLISH EDITION

Business loans are being repaid with cheap liquidity from state aid

According to banking sources, a large number of companies have repaid their loans to the banks in full, using mainly the low-interest subsidized loans they have received through TEPIX.

24 Σεπ 2021 07:41

ENGLISH EDITION

Greek travel receipts up 139.7 pct in Jan - July, BoG report says

According to Bank of Greece non - residents' arrivals soared 240 pct in July totaling 2,815,000, representing 50 pct of their July 2019 level, while travel receipts accounted for 61.4 pct of July 2019 levels.

20 Σεπ 2021 15:28

ENGLISH EDITION

Rising bank deposits reflect stronger households, businesses but also deeper weaknesses

Although many companies are now able to move ahead with investments to improve their business, many are still moving defensively, keeping deposits high as they remain concerned about the duration and resilience of the current economic upturn.

07 Σεπ 2021 07:48

ENGLISH EDITION

Greek bank deposits up 1.8 bln euros in July amidst rising confidence

The trend of continuous increases in deposits reflects growing confidence in the Greek financial system, however, doubts remain about the course of the pandemic and the implementation of new restrictive measures.

27 Αυγ 2021 10:35

ENGLISH EDITION

Primary budget deficit widens by 15%, exceeds 10-bln-euro mark

As the BoG stated in its latest Monetary Policy Report, the primary deficit in terms of enhanced supervision was projected to fall to 3.9% of GDP this year from 7% of GDP in 2020.

19 Αυγ 2021 15:13

ENGLISH EDITION

Demand for loans from businesses, households up in Q2 - Bank of Greece

In the second quarter of 2021, the credit standards for loans to non-financial corporations (NFCs) remained unchanged compared with the first quarter of 2021, in line with the expectations expressed in the previous quarterly survey round.

21 Ιουλ 2021 07:48

ENGLISH EDITION

New wave of problem loans to emerge from pandemic still not clear

Credit risks are expected to increase in the near future, exposing banks to the formation of high-end provisions that will hurt their results, at a time when they need internal capital formation to deal with losses from loan securitizations.

22 Ιουν 2021 07:49

ENGLISH EDITION

Impact on Greek banks from pandemic to intensify in 2021 - cenbank

Banks will have to reconsider their credit risk forecasts, while the government is called upon to find a solution to reduce the deferred tax contribution on capital.

07 Απρ 2021 09:10

ENGLISH EDITION

Stournaras: Why ECB liquidity is not reaching Greece's real economy

With the exception of some large companies that actually have access to new lending, the liquidity that reaches small - medium sized enterprises and households is minimal, governor of BoG pointed out.

18 Δεκ 2020 13:23

ENGLISH EDITION

Bad bank plan sent to Greece’s official sector creditors

In one-on-one meetings with each bank, the BoG staff presented the plan in detail, without, however, delving into all technical details that will have to be discussed and decided by the government.

19 Οκτ 2020 10:16

ENGLISH EDITION

ECB's Lagarde gives push to Bank of Greece plan

As the head of the ECB pointed out, discussions have progressed significantly in both the European Commission and the ECB on the establishment of Asset Management Companies (AMCs) at national level, but also on the strengthening of AMCs in countries where they already exist. Asked about the Bank of Greece’s, Lagarde referred the issue to BoG Governor, Yiannis Stournaras.

01 Οκτ 2020 06:45