Bank of Greece
Economy
Greece's Private Sector Bank Deposits Drop for Second Month
Greece's private sector bank deposits dropped for two consecutive months, in October and November of 2018, according to data released by the central bank of Greece on Thursday.
The decrease represented 90 million euros in total, and stands in stark contrast to...
Economy
Bank of Greece Presents Plan to Slash Non-Performing Loans by 47%
Τhe Bank of Greece on Thursday presented a plan to reduce Greek banks' non-performing loans by up to 47 percent. Greek banks currently hold the highest level of such loans in Europe.
The non-performing loans are a huge burden for banks...
Economy
Bloomberg: 'Central Bank of Greece To Cut Bad Debts of Banks in Half'
The Central Bank of Greece is working on a plan to cut in half all the bad debts that burden Greek banks, according to a news report published by Bloomberg on Tuesday.
This move is expected to strengthen trust in...
Economy
Bank of Greece: Interest Rates to Remain Low
Interest rates will remain at low levels for the forseeable future and European central banks could continue using quantitative easing (QE) tools, according to a report by the Bank of Greece said on Thursday.
The report was presented by Dimitris...
Economy
Sea Tourism Estimated to Account for 3.5 percent of Greek GDP
The importance of sea tourism for Greece's economy was once again affirmed, in data released by the Institute of the Greek Tourism Confederation (INSETE). According to these figures, sea tourism, including sea cruises, yachting, and shipping, accounted for approximately...
Economy
BoG Governor Stournaras: 'We Need To Shield The Greek Economy Against International Turmoil'
Bank of Greece (BoG) governor Yannis Stournaras in an interview with Greece's 'Parapolitika' newspaper on Saturday stressed the need to shield the Greek economy against international turmoil.
"The international economic climate is not so friendly as some believe," Stournaras noted,...
Economy
Climate Change will Cost Greece €700 Bln by 2100, BoG Chief says
Climate change will cost the Greek economy €701 billion cumulatively by 2100, Bank of Greece governor Yiannis Stournaras said on Monday during a conference on sustainable development.
According to an analysis that quantifies and classifies the expected climatic risks for...
Economy
Greece has 'a Long Way to Go' after Bailout, Bank of Greece Chief says
Greece still has "a long way to go," said Bank of Greece Governor Yiannis Stournaras in light of Monday's official end of the country's third bailout program.
In an interview with Kathimerini newspaper Sunday edition said that there are still...
Economy
Bank of Greece Governor: Country Must Continue with Reforms
"The markets are waiting to see whether Greece will honor its commitments regarding the implementation of additional measures after the (bailout) program ends on August 20," said Bank of Greece Governor Yiannis Stournaras.
Stournaras spoke to the Financial Times saying...
Economy
Greek Economy Will See Higher Growth, Says Bank of Greece
Greece's economy will record higher growth rates under conditions in the near future, Bank of Greece governor Yannis Stournaras estimated in a Monetary Policy Report submitted to parliament.
He also called on Greek banks to speed up their efforts for the...