Bank of Greece

Greece's central bank said on Sunday that the situation with deposit outflows from the country was under control, as it tried to reassure markets ahead of a Jan. 25 snap election.

Greek media have reported that there have been significant deposit outflows in recent days due to political uncertainty two weeks ahead of early elections.

By Stathis Kousounis

International tourism arrivals in Greece reached a new record of 19 million in the first nine months of last year according to the Bank of Greece?s border survey published on Friday by the Hellenic Statistical Authority (ELSTAT).

 Frankfurt examines alternatives to state collateral for supply of liquidity to Greek commercial lenders

By Yiannis Papadoyiannis

Greek bank deposits dropped slightly in November for the second month in a row, central bank data showed on Tuesday.

Business and household deposits dropped 0.12 percent month-on-month to 164.3 billion euros from 164.5 billion euros in October, the Bank of Greece said.

[Reuters]

By Stathis Kousounis

The total number of foreign visitors to Greece broke the barrier of 20 million in the first 10 months of 2014, reaching 20.8 million according to data released on Tuesday by the Bank of Greece.

The figure includes cruise visitors and accounts for a 21.9 percent annual increase.

By Sotiris Nikas

October data compiled by the Bank of Greece confirm that foreign investors are letting go of their Greek bonds, as within just one month the country’s central bank recorded an outflow of 1.7 billion euros from bonds and treasury bills. In mid-October Greek bond yields nearly doubled as a result of investor concerns over political developments in the country.

Bank governors have an obligation to talk openly and honestly and to issue warning whenever they see any kind of major danger lying ahead.

Comments made earlier this week by former finance minister and Bank of Greece Governor Yannis Stournaras clearly fulfilled this obligation.

By Sotiris Nikas

Salaries in Greece appear to be bottoming out this year, with a rise expected in 2015 for the first time after a long period, according to the Hellenic Statistical Authority (ELSTAT).

Greece's central bank slightly raised its forecast for economic growth this year to 0.7 percent and predicted growth of 2.5 percent in 2015, but warned political consensus was needed to ensure a return to steady growth.

Bank of Greece Governor Yannis Stournaras warned on Monday of the risk of «irreparable damage to the Greek economy» from ongoing political uncertainty and the resulting reduction of liquidity in the market.