Bank of Greece

Private Sector Bank Deposits Up for Second Month in a Row

Greek private sector bank deposits increased slightly in November, rising for a second month in a row, Bank of Greece data showed on Friday, with balances remaining at 14-year lows. Business and household deposits rose to 123.87 billion euros ($148.47...

Central Bank Proposes Post-Bailout Support Programme for Greece

Bank of Greece governor Yannis Stournaras, is worried about a potential gap in Greece's funding after the country's apparent exit from the existing bailout programme. The bank published a report on Thursday, saying that the country's foreign creditors need to...

Average Spending per Tourist in Greece Half than That in Spain

Data released this week by the Bank of Greece indicates that average spending per tourist on holiday in Greece over the first nine months of 2017 dropped to 536.3 euros. The figure is almost half of the amount spent by...

Tourist Arrivals in Greece Increased in First 8 Months of 2017

The Greek economy may still be in recession mode, but its largest industry; the tourism sector, is in a constant rise and had exhibited a spike in the first eight months of the year. According to official data from the...

Bank of Greece Chief: Economy on a Growth Track

The Greek economy is on a steady upward trajectory, but there is no room for complacency or a relaxation of efforts, Bank of Greece Governor Yannis Stournaras said on Thursday evening, at an event organized by the British Hellenic...

Anonymous Boasts of Hacking Bank of Greece’s Confidential Documents

The hacking group Anonymous claimed that it hacked and released confidential documents from the servers of the Bank of Greece (BoG), and the Ministry of Interior. Thousands of documents are available for download on the group’s page on Facebook.  They...

Anonymous Greece Take Down Bank of Greece Web Page

The threats of Anonymous Greece turned out to be true as they took down the web page of the Bank of Greece on Saturday. The new target of the infamous hackers is the main page of the Independent Authority for...

Reuters: Piraeus Bank CEO says Central Bank Audit Findings 'Firmly Behind Us'

Piraeus Bank has rectified internal control deficiencies that emerged in a recent central bank audit, the chief executive of Greece's largest lender said on Thursday. "The Bank of Greece inquiry is an issue that has already been dealt with in...

Greece's Account Surplus Drops in June, But Tourism Revenues are Up

Greek current account surplus shrank in June, but tourism revenues were up, according to a Bank of Greece report released on Monday. The shrinking is the result of a trade gap and a deficit in primary income balance. Specifically, account surplus was...

Stournaras Blames Dysfunctional Institutions and Populism for the Crisis

Despite great progress, Greek institutions are lagging behind the rest of Europe, notes the Governor of the Bank of Greece, Yiannis Stournaras. In an interview with the chairman and CEO of Accenture Greece, Kyriakos Sabatakakis, Stournaras says: "Greeks working abroad...