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Governor of Bank of Greece Calls for Swift Conclusion of Bailout Review

The Greek government and foreign lenders must intensify efforts to swiftly conclude a review of the country's compliance with fiscal targets and reforms under...

Piraeus Bank to Respond to Reported Regulatory Violations Found in Audit

Piraeus Bank said it will respond to a draft report from a Bank of Greece audit that found regulatory violations in the 2014-16 period, and...

Bank Deposits Rise in July for Third Month in a Row

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...

BoG Governor Stournaras: Debt Settlement a Prerequisite for Recovery

Bank of Greece governor Yiannis Stournaras underlined the significant progress of the Greek economy since 2010 and the correction of the imbalances. Stournaras was addressing...

BoG: Deposits Down by Over 2.4 Billion Euros in 2017; April Sees Credit Expansion

  The latest reports from the Bank of Greece (BoG) show that deposits have declined by more than 2.4 billion euros in the first four months...

ECB Lowers Emergency Funding Cap for Greek Banks to €45.3 Billion

On Thursday the Bank of Greece (BoG) announced that the European Central Bank (ECB) has lowered the emergency funding cap for Greek banks to...

BoG: State Generating More Debt Than it Is Repaying

The Bank of Greece (BoG) recently released data showing that the amount of state debt that Greece generates is mounting to figures that it...

Greece Has €5.26 Billion Euros of Gold Reserves, Half of Which is Abroad

Greece reported having some 149.1 tonnes of gold reserves at the end of 2016 amounting in the value of 5.26 billion euros, according to...

BoG: Tourists in Greece Spent Less in 2016; Hits 15-Year Low

This week the Bank of Greece (BoG) released data showing that although tourism numbers are up in Greece, the amount of money tourists are spending...

Stournaras: IMF’s Fiscal Forecasts Raise Many Questions

Bank of Greece governor Yiannis Stournaras said in a letter responding to the IMF’s report published on Monday -- which proposed among other measures,...

BoG Study: From 2008-2016 Greek Households Saw a 37.5 % Decline in Wealth

On Wednesday a study published in the Bank of Greece’s Economic Bulletin revealed that Greeks have seen their salaries shrink considerably in the period...

BoG’s Yiannis Stournaras Reiterates Need to Swiftly Conclude Second Program Review

Bank of Greece governor Yiannis Stournaras reiterated on Wednesday the need to conclude the second program review as a necessary condition for economic recovery,...

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