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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...

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,...

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...

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...

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...

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...

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...

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...

BoG: Financial Crisis Causing Property Prices to Free-Fall

Property prices are in free-fall, with apartment prices down 41.4% in the 2006-2016 period, Theodoros Mitrakos, vice-governor of the Bank of Greece (BoG) said...

Eurostat: Greece Housing Market Prices Decline April-June Quarter

On Wednesday Eurostat presented data gathered by the Bank of Greece (BoG) showing that the Greek housing market has experienced a decline in prices...

Further Reduction in Borrowing From ELA by Greek Banks

Greek banks further reduced their borrowing from the Emergency Liquidity Assistance mechanism (ELA) after the governing council of the European Central Bank approved a request...

Yiannis Stournaras Says Greek Banking System Shielded and Views Greek Economy as Positive

Bank of Greece governor Yiannis Stournaras said the Greek banking system is shielded from developments at Deutsche Bank and there is no reason for...

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