Greece
Economy
Bank of Greece Forecasts Zero Growth for 2020
The Greek economy will fall to zero growth this year while it will show a significant divergence from fiscal targets for the year, the Bank of Greece said in its annual report on the Greek economy, presented on Friday.
The...
Economy
Bank of Greece Chief Foresees Growth Over Three Percent After 2020
Bank of Greece governor Yannis Stournaras said on Thursday in a speech in the United States that growth rates could rise higher than three percent after 2020, given the right conditions.
Speaking at an event sponsored by the Stavros Niarchos...
Business
Bank of Greece Governor Stournaras Proposes Abolishment of Capital Controls
Υiannis Stournaras, the Governor of the Bank of Greece, revealed on Friday that he proposed to the new Prime Minister, Kyriakos Mitsotakis, the complete abolishment of capital controls in Greece.
After his meeting with the PM at Maximos Mansion, Stournaras...
Economy
Bank of Greece Forecasts 1.9% Growth for 2019 and Lower Primary Surplus
The Bank of Greece published its interim report on Monetary Policy on Monday, where it highlights some interesting projections for the future of Greece’s economy.
The central bank estimates that the country's gross domestic product (GDP) will grow by 1.9...
Business
Bank of Greece Revises Growth Downward for 2019
The Bank of Greece said in a report on Monday that the Greek economy is expected to grow by 1.9 percent this year, which marks a downward revision to its December estimate of 2.3 percent growth.
The new number is...
Economy
Bank of Greece to Look at Minister Polakis' Loan From Attica Bank
Yiannis Stournaras, the governor of the Bank of Greece, called a meeting on Monday between his bank's officials and those from Attica Bank. In question is Attica Bank's recent personal loan to Greek Alternate Health Minister Pavlos Polakis.
It was disclosed following...
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
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...
Greece
Bomber Gets Life Sentence for 2014 Bank of Greece Attack
Panagiota (Pola) Roupa, a leading member of Greek ultra-left group Revolutionary Struggle, was given a life term plus 25 years in prison on Wednesday for a car bomb attack outside the Bank of Greece headquarters in Athens and other...
Economy
Bank of Greece Says Bad Loans Declined in 2017
Non-performing loans (NPLs) fell in 2017 and credit risk is down compared with previous quarters, but a further decline will depend on developments in Greece's macroeconomic data, the Bank of Greece has said.
The central bank asked Greek banks to review...
Economy
Bank of Greece Head Says Post-Bailout Credit Line Needed
There is a need for a precautionary credit line for Greece after the end of the bailout program in August, said Bank of Greece Governor Yiannis Stournaras on Wednesday.
Speaking at an event organized by Greek graduates of the London...
Economy
Bank of Greece Chief Insists on Precautionaly Credit Line after Bailout Program
Bank of Greece governor Yiannis Stournaras on Saturday stressed the need for a precautionary credit line after the end of the European Stability Mechanism (ESM) bailout program on August 20.
Stournaras spoke at the World Economic Forum in Delphi, saying...
Greece
Lawmakers Drop Audit of Bank of Greece Governor's Assets
The audit case of Bank of Greece governor Yannis Stournaras' source-of-wealth declarations has been shelved, the Greek parliament's Review Committee on Asset Statements revealed on Wednesday, following no proof of irregularity.
In a statement, the committee said that "following a...