The further strengthening of the upward trends in the payments through debit cards, is the key feature in the shopping habits of the consumers during the last two years of the pandemic. To facilitate trade during the pandemic and to limit consumers’ physical contact with the terminal keyboard at points of sale, the limit on […]
Tag: Bank of Greece (BoG)
What does the new increase of the minimum wage from May 1 bring?
By Dimitris Katsaganis In the disclosure of the time of application of the 2nd in a row increase of the minimum wage The Prime Minister, Mr. Kyriakos Mitsotakis, gave an interview yesterday. He said the increase would take effect on May 1st. He also revealed that it will be “much bigger than the 2% increase” […]
YPOIK invites bankers to increase loans
By Leonidas Stergiou The Minister of Finance, Christos Staikouras, starts a new round of discussions with banks and business entities on liquidity in the economy, with the development of bank lending to companies and especially to small and medium-sized enterprises at the forefront. According to the plan, a debate will take place in Parliament, most […]
G. Stournaras’s annual message to BoG employees: A milestone in the 20 years of the euro in Greece
The governor, Giannis Stournaras, expresses his optimism that in 2022 the beginning of the end of the pandemic will be proved in his annual message to the employees of the Bank of Greece. Mr. Stournaras also refers to the 20th anniversary of the adoption of the euro by Greece. More specifically, the BoG governor states: […]
BoG: The interest rate on new deposits remained unchanged, the interest rate on new loans decreased
The weighted average interest rate on new deposits remained unchanged at 0.05% in November 2021, while the weighted average interest rate on new loans decreased to 3.73%, as announced today by the Bank of Greece. The interest rate margin between new deposits and loans fell to 3.68 percentage points. The weighted average interest rates of […]
The Primary Dealers in the Greek government bond market in 2022
According to the Joint Decision of the Minister of Finance and the Governor of the Bank of Greece (no. 419 / 13.12.2021), the capacity of the Chief Negotiator in the Greek government bond market was renewed during the year 2022 for the following 18 credit and financial institutions (in alphabetical order): ALPHA BANK SA BARCLAYS […]
BoG: Private sector deposits increased by € 1.833 billion in November
In November 2021, the annual rate of change of the total financing of the domestic economy from 12.4% in the previous month was set at 12.2%, as announced today by the Bank of Greece. The annual rate of change of total deposits stood at 9.3% from 10.1% in the previous month, while private sector deposits […]
How does the BoG see the 9-month results of the banks
By Leonidas Stergiou Significant challenges for banks remain the faster reduction of non-performing loans, enhanced profitability and the qualitative and quantitative strengthening of their capital base, as the impact of the pandemic will appear with a time lag in their assets, according to the Bank of Greece. . In the Interim Monetary Policy Report, the […]
BoG: The total value of the assets of TEA-IESP amounted to 1.777 billion euros in the third quarter of 2021
The total value of the assets of the Occupational Insurance Funds (TEA) and Occupational Pension Institutions (IESP) amounted to 1.777 billion euros at the end of the third quarter of 2021, compared to 1.752 billion euros in the previous quarter and 1.591 million euros in the third quarter. quarter of 2020, according to an announcement […]
Warnings for risks in the real estate market by BoG
Of Leonida Stergiou The growth of the Greek real estate market will continue in the coming years, possibly at a slower pace, as it is supported by new investments, both in terms of supply and demand. According to the Bank of Greece, in the first nine months of 2021, direct foreign investments have entered the […]