Bank of Greece

The Bank of Greece has lowered its forecast for this year's growth to 2.3% from 2.5% and is fully aligned with the latest estimates of the European Commission, against the budget's estimate for 2.9%.

The BoG's downgrade, the second since December, followed data on last year's growth, which, while outpacing the eurozone average, came in at a slower pace of 2%.

The markets "rate" Greek bonds in the "A" category, five notches higher than their current average rating of "BBB-" that is in the lowest category of the investment grade, as the Bank of Greece pointed out on Friday.

The Bank of Greece notes that since the fourth quarter of 2021, the increase in private sector deposits has slowed down overall

The European Central Bank must lower borrowing costs twice before its August summer break and two more times before the end of the year, without being swayed by the US Federal Reserve, Bank of Greece chief Yannis Stournaras has said.

National Bank of Greece (NBG) on Tuesday announced profits of 1.2 billion euros in 2023, driven mainly by interest rates. Net interest income jumped by 65% year-on-year.

In an interview conducted by Kathimerini Cyprus' Panayiotis Rougalas, Bank of Greece Governor Yannis Stournaras shed light on various aspects of the Cypriot monetary policy and economic landscape.

The Hellenic Financial Stability Fund (HFSF) is one step before the complete divestment from Greece's four systemic banks, after the successful sale of all the shares it owned in Piraeus Bank.

The Bank of Greece's Bank of Greece has revealed that apartment prices increased at an average annual rate of 13.4% in 2023

The state's revenues from its divestment from Piraeus Bank come to 1.35 billion euros. The public offer for 27% of the bank attracted bids of €10.7 billion in the upper range of the offer price, which was set at €4 per share.

A student protest in Athens against a bill that would allow the establishment of branches of foreign universities in Greece for the first time has turned violent.

Around 8,000 people are estimated to be participating in the city center protest, while police have so far made nine arrests.