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Bank of Greece

Bomb Explodes Outside Athens' Bank of Greece HQ

Around 6 a.m. local time, a bomb exploded outside the Bank of Greece headquarters in central Athens. The loud explosion was heard in the surrounding areas and caused considerable damage, but no injuries have been reported. The explosion occurred before dawn...

Piraeus Bank Chief Sees Profits, Investors Return to Greece

The prospect that Greece may be emerging from the darkness of a harsh economic and deep recession is seeing international investors putting money back into still-troubled Greek banks in expectations they will see profits, Piraeus Bank Chairman Michalis Sallas...

Bank Deposits and Loans Fall in Greece

According to the Bank of Greece data, business and household deposits dropped from 161.02 to 160.5 billion in January. Since the beginning of the year, Greek deposits showed a decrease which reaches 2.7 billion euros for the first two months...

BoG Data: Cash Flow in Greek Economy Down 4%

The recovery of the Greek economy may be around the corner, but the country’s banks still seem to be tightening credit, thus draining Greek companies of vital cash flow. Last year, the Bank of Greece (BoG) made clear that new loans would be issued...

Current Account Shortfall Narrows In January

Greece 's current account shortfall decreased in January from last year, helped by a strong improvement in revenues, preliminary figures published by Bank of Greece showed Monday. The current account deficit eased to EUR295 million in January from EUR314 million...

Bank of Greece to Release Stress Tests Results by End of Week‏

Bank of Greece governor George Provopoulos and the troika completed a second round of talks over the additional capital needs of Greek banks on Tuesday, without reaching an agreement. The two sides were not scheduled to meet again as the...

Bank of Greece: 2013 Might Be the Last Year of Recession

According to the Governor of the Bank of Greece George Provopoulos, speaking at the Annual Ordinary General Meeting of Shareholders, there are great chances that 2013 was the last year of the economic recession. However, he raised two basic...

Stress Test: Greek Banks Show €5 Billion Capital Need

According to a second stress test conducted in the recent months by the Bank of Greece, the leading four banks of the country are expected to need a total of about €5 billion in extra capital. The Greek central bank...

Greece Posts First Current Account Surplus Since 1948

Greece's current account balance showed the first annual surplus since 1948 in 2013, the Bank of Greece said on Wednesday. In a report, the central bank said that the current account balance showed a surplus of 1.2 billion euros last...

Provopoulos Again Sees Greek Recovery, Cites Reforms Progress

Bank of Greece Governor George Provopoulos, as he has every year for the past few years, said the country's economy is on the road to recovery, telling an audience at a London think tank meeting that it's because of...