Bank of Greece (BoG)
Economy
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 between 2010 and 2016.
The study showed that in Greece annual households disposable income decreased by...
Economy
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, during a speech at an event of the Wharton Club of Greece in Athens, titled...
Greece
BoG: Lowest Revenue From Tourism in Three Years
According to figures from the Bank of Greece (BoG) released on Monday tourism revenues drastically decreased in 2016 compared to previous years.
The data shows that tourism revenues showed a 6.6 percent annual drop bringing total revenues to equal 13.03...
Greece
BoG Data Reveals Increase in Turks Buying Greek Properties
According to market data presented by the Bank of Greece (BoG), more and more Turks are joining in the buyer's market for Greek properties.
Previously, the majority of buyers were German, French, British and Italian, but since 2011 educated professionals...
Greece
Stournaras Warns of Penalties for Banks With Non-performing Loan Exposures
Bank of Greece's Yannis Stournaras has issued a stern warning to banks over non-performing loan (NPLs) exposures.
On Monday a published interview with the Financial Times quotes Stournaras issuing a warning to banks who are unsuccessful at lowering their NPLs saying...
Economy
BoG Chief Stournaras Says 'Progress Recorded in the Greek Economy Should Not Be Intercepted'
On Friday the Bank of Greece's (BoG) governor, Yiannis Stournaras, made an intervention on the government's negotiation with the country's lenders within the context of the second review of the Greek program.
On the occasion of the presentation of BoG's...
Greece
Greeks Still Opting to Hide 'Mattress Money' Instead of Depositing in Banks
It appears that the Greek government lifting controls this summer on new money entering bank accounts has done very little to actually impact the growth of deposits in banks, the Bank of Greece (BoG) says.
According to the latest numbers,...
Economy
BoG Reports: Greece Sees Considerable Loss in Tourism Revenue for 2016
According to data released by the Bank of Greece (BoG) on Monday, the country has seen a considerable loss in revenues from the tourism sector compared to year-on-year statistics.
The data revealed that the difference between the tourism revenues collected...
Economy
Borrowing Ceiling for Greek Banks Reduced 0.2 Billion Euros by ECB
European Central Bank lowered the borrowing ceiling for Greek banks from the ELA mechanism by 200 million euros, the Bank of Greece said on Thursday.
In a report the central bank said that on 16 November 16, 2016 the Governing...
Greece
BoG Data Reveals Travel Receipts Down in 2016 Despite Higher Number of Tourists
Travel receipts in Greece were down in 2016 compared with the previous year, in spite of an increase in the number of inbound tourists arriving in the country, according to provisional data released by the Bank of Greece (BoG)...