Bank of Greece

The Bank of Greece announced today the current accounts deficit in January dropped by 19 million euros to a total of 295 million euros. According to the bank...

According to the Bank of Greece’s 2013 stress test findings that were published on Thursday, the Greek banking sector will require 6.382 billion euros in capital...

The Bank of Greece will publish the results of the stress tests it has carried out, despite its disagreement with the International Monetary Foundation over the ...

The Governor of the Bank of Greece Giorgos Provopoulos is expected to meet with the heads of the troika either on Tuesday afternoon or early on Wednesday ...

The Governor of the Bank of Greece Giorgos Provopoulos announced that the results of the stress tests for Greek banks would be published...

The Governor of the Bank of Greece Giorgos Provopoulos gave a speech at the 81st annual meeting of the bank’s shareholders, where he expressed his estimation that...

After the positive announcements regarding the lower-than-expected rate of recession for 2013 (3.5% instead of 4.2%), the Bank of Greece announced today a 1.2 billion euro surplus in the current account balance, for the first time since 1948 (when the Bank began documenting it). This development marks a significant improvement from the 4.6 billion euro […]

The Governor of the Bank of Greece Giorgos Provopoulos gave a lecture on the Greek financial crisis at the Official Monetary and Financial Institutions Forum based in London. According to Mr. Provopoulos, the sacrifices of the Greek people are starting to “pay off” and that Greece is about to return to growth. The central banker […]

This morning the Governor of the Bank of Greece Giorgos Provopoulos and journalist Yannis Pretenteris received envelopes containing bullets and threats signed by “Populist Punishers” at their offices at the Bank of Greece and Mega Channel respectively. Staff members of the Governor’s office contacted the counter-terrorism police, as soon as contents of the envelope addressed […]

The Minister of Finances Yannis Stournaras is rumored to be considering the next phase of his career as Governor of the Bank of Greece, as Prime Minister Antonis Samaras considers a cabinet reshuffle in May. The Prime Minister is also rumored to have chosen his personal consultant Stavros Papastavrou as the new Finance Minister. To […]

According to the data published by the Bank of Greece, the deposits in Greek banks increased in November after many consecutive months of decline. The Bank of Greece reported that deposits amounted to 161.04 billion euros in November, compared to 160.38 billion euros in October, marking a 660 million euro increase. Analysts were quick to […]

The Bank of Greece estimates that after six consecutive years of recession Greece is ready to return to growth in 2014. The Bank Governor Giorgos Provopoulos will present his report to the President of Parliament Evangelos Meimarakis on Tuesday morning. According to the report, it is imperative that the reforms and structural changes continue, although […]

The Secretary-General of the Organization for Economic Cooperation and Development (OECD) Angel Gurria will visit Greece today in order to present an OECD study on competition in the Greek economy. Mr. Gurria is also scheduled to meet with Prime Minister Antonis Samaras, as well as the Ministers of Finances and Growth Yannis Stournaras and Kostis […]

The Bank of Greece published a study by Associate Professor Athanasios Tangalakis on tax audits and violations, which was included in the Bank’s latest financial report. According to Mr. Tangalakis, aside from intensifying tax audits, the state must increase and impose appropriate penalties. Mr. Tangalakis’ study was based on the data supplied to him by […]

The Bank of Greece published its data for the ten-month period between January and October 2013, according to which there is a 9.079 billion-euro cash deficit in the central government, compared to a 6.775 billion euro deficit in the same period of 2012. According to the published data, the regular budget revenue was estimated to […]

The Minister of Finances Yannis Stournaras and the Minister of Growth Kostis Hatzidakis met with the troika representatives today noon, with a second meeting scheduled for 5pm today. Due to the overlap of ministerial jurisdiction on the auctions of primary residences, the Minister of Justice Charalambos Athanasiou, the Deputy Minister of Growth Athanasios Skordas and […]

According to the Bank of Greece on the balance of trade, the revenue from travel bookings increased by 21% to 1.59 billion euros in June, confirming estimations that the sector of tourism is on the rise. Compared to 2012, the revenue from tourism in the first half of 2013 has increased by 18% to 3.32 […]

As the deadline for the upcoming sale of the Postbank looms, there have been strong reactions from bidders such as Alpha Bank to the last moment decision to not take into account any offers that include cash. Both the Bank of Greece and the European Central Bank informed the Financial Stability Fund (FSF) that any […]

The Governor of the Bank of Greece Giorgos Provopoulos spoke at a tourism conference and claimed that Greek tourism must become more competitive. Mr. Provopoulos referred to stabilizing the seasonal nature of Greek tourism, which in turn would allow Greece to become a model tourism center for the greater region. The banker also expressed the […]

Piraeos Bank announced today that it completed the purchase of Millennium BCP’s Greek subsidiary Millennium Bank SA, after all the relevant authorization was approved. Before the purchase, BCP refinanced Millennium Bank with 274 million euros, on top of the 139 million euros invested by BCP in the bank last December. In total the recapitalization of […]