Bank of Greece

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.

Loan adjustments: Greek Fin. Min meets with servicers

Loan arrangements were yesterday at the center of the meeting of Finance Minister Christos Staikouras with servicers. According to information, the two sides noted the progress that has been made, while they discussed their forecasts for the rest of 2023. The meeting was attended by the heads of the companies as well as Mr. Spyros Pantelias from the Bank of Greece.

What’s next, ‘mobile pass’ and ‘TV pass’?

What is the Bank of Greece's biggest concern? That reaching investment grade has drifted further away and that in an international environment full of uncertainties, there is only one certainty: That the time of abundant, cheap money has given way to an era of high interest rates and limited liquidity.

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. 

BoG gov. Stournaras optimistic over defeating the monster of inflation by 2024 end

Bank of Greece governor Yannis Stournaras sees inflation in the Eurozone peaking this year, predicting a further decline in 2023 before retreating to near the ECB's 2% target next year. As he characteristically stated: "I am optimistic that the monster of inflation will have been defeated by the end of 2024″