The Bank of Greece

OpenCalais Metadata: Ticker


OpenCalais Metadata: LegalName


Stournaras meets with SSM’s Enria to discuss Greek banks

Bank of Greece Governor Yannis Stournaras met on Thursday with Andrea Enria, chair of the Supervisory Board of the European Central Bank's Single Supervisory Mechanism (SSM).

Enria met with Stournaras and other members of the Bank of Greece's administration, as well as with representatives of the managements of Greek banks and the Hellenic Bank Association.

Attica Bank presents three-year plan for bad-loan reduction

The management of Attica Bank is expected by mid-January to have finalized its plan to reduce the lender's bad loans - which amount to approximately 2.5 billion euros (approximately 65% of its portfolio) - in order to then launch the process to increase its share capital by a total of €490 million. 

Greek Stats Authority sees inflation close to 12% will announce GDP performance

As the government measures its fiscal stance to announce new consumer-intervention measures, a week of revelations is coming starting tomorrow, both on the inflation front and on GDP. The financial staff expects to see the impact on the economy from the high levels of inflation in the economy and revenue.

Banks: Seven-year record with 1 billion euro mortgage deals in 2021

Housing loans in 2021 made an impressive finale with the amounts of the loan agreements signed in December reaching a high of 7.5 years, with an annual increase of 100%.

According to the official data of the Bank of Greece, the new financing that was contracted in the last month of last year, approached 160 million euros.

Servicers to see sector grow further

The secondary loan market is expected to grow in 2021 and rise far above the 100-billion-euro level, while the new securitizations already announced are set to top €20 billion, the Association of Loan and Credit Claims Management Companies (EEDADP) stated on Thursday, on the occasion of its second birthday.

Property market in freefall due to Covid

The property market views 2020 as a lost year, as it has backtracked significantly on its course to recovery recorded over the previous couple of years. The pandemic has resulted in the dwindling of the market's main growth driver - i.e. buying interest from abroad - and this is clearly reflected in the figures of the Bank of Greece.