The Bank of Greece announces that September 30, 2022 has been set as the single deadline for the mandatory submission of the annual corporate financial statements 2021 by the legal entities of the non-financial sector operating in Greece (registered and non-listed companies), in accordance with the simultaneous law (4308/2014, 4548/2018) obligation to publish them. Especially […]
Tag: Bank of Greece (Bank of Greece)
BoE: Almost unchanged the interest rate on new deposits, the interest rate on new loans decreased
The average weighted interest rate on new deposits remained almost unchanged at 0.02%, in July 2022, while the average weighted interest rate on new loans decreased to 3.71%, as the Bank of Greece announced today. The spread between new deposits and loans narrowed to 3.69 percentage points. The weighted average interest rate of all existing […]
G. Stournaras: A very large increase in interest rates would be a mistake
The governor of the Bank of Greece points out in an interview with Econostream the clear need for further normalization of the monetary policy of the euro zone, while expressing his strong opposition to any approach that would not be gradual, thus rejecting unusually large changes in interest rates and member of the board of […]
BoE: The total value of insurance assets decreased by 5.2% in the second quarter
The total asset value of insurance companies decreased by 5.24% in the second quarter of 2022 and amounted to 18,987 million euros, compared to 20,036 million euros in the previous quarter, as the Bank of Greece announced today. At the same time, insurance technical provisions decreased by 865 million euros and amounted to 13,630 million […]
G. Stournaras for ECB: ‘There is no need to take very big steps’
The European Central Bank (ECB) should continue raising interest rates, but there is no need for a big move and the bank should instead take a prudent, cautious approach to normalizing its policy, the head of the Bank of Greece said on Tuesday, as reported by Reuters. The remarks are the first to go against […]
Travel receipts in June surpassed 2019
Slightly up on 2019, the last year before the pandemic, were June travel receipts with average spend per trip at +15.9% offsetting an 11.% decline in travel traffic. In particular, as announced by the Bank of Greece, the travel balance showed a surplus of 2,416.1 million euros in June 2022 and 4,191.9 million euros in […]
BoE: Jump in foreign traveler arrivals in June, receipts exceeded 2019 levels
The current account deficit increased by 3.5 billion euros in the first half of 2022 to 10.8 billion euros, as the Bank of Greece announced today. For June 2022, the current account deficit narrowed compared to the corresponding month in 2021, with BoE data showing a jump in tourist arrivals and receipts. In particular, the […]
DBRS: Great progress of Greek banks, chances of slowing positive momentum
The improved H1 results of the four systemic banks (Alpha Bank, Eurobank, National Bank of Greece and Piraeus Bank) reflect the significant progress made in recent years in de-risking and restructuring, along with the recovery of the Greek economy since the coronavirus pandemic, as noted by the Canadian company DBRS Morningstar. However, he notes, the […]
DBRS: Possible pressure on Greek banks due to economic slowdown
By Leonidas Stergiou The improved results of the four Greek systemic banks in the first half of the year reflect the significant progress made in reducing their risk and restructuring in recent years, together with the recovery of the Greek economy from the pandemic. However, the positive momentum is likely to come under pressure due […]
BoE: Rising loan rates in June – Unchanged deposit rates
Interest rates on loans moved upwards in June, while interest rates on deposits remained unchanged, as can be seen from the data published on Tuesday by the Bank of Greece. In particular, the average weighted interest rate on new deposits remained almost unchanged at 0.03%, in June 2022, while the average weighted interest rate on […]