Bank of Greece

Greece's current account surplus decreased by 784.3 million euros in January 2025 to total one billion euros

Bank of Greece (BoG) Governor Yannis Stournaras firmly ruled out any discussion regarding the reinstatement of the 13th and 14th salaries, speaking at the conference Ellada Meta VIII, co-organized by Kyklos Ideon (Circle of Ideas) -the Greek think tank- in partnership with the Delphi Economic Forum. The event focused on “Europe, Greece, and the Onslaught […]

The weighted average interest rate for new deposits remained steady at 0.45%.

Inflation in Greece will settle at 2.5% in 2025, and stand slightly over 2% in 2026, according to a projection by the Bank of Greece (BoG). The report estimates the cost of living will record an uptick to 2.5% in 2027. As per the BoG report, inflation in Greece measured by the Harmonized Index of Consumer […]

According to data from the Bank of Greece (BoG), private sector deposits recorded a notable drop of €4.787 billion in January. This follows an increase of €5.592 billion in December. Business deposits fell by €3.785 billion in January, surpassing the €3.099 billion increase recorded in December. Household deposits also declined by €1 billion, following a […]

Travel remittances in Greece from the all-important tourism and holiday sector posted a new record in 2024, calculated as reaching 21.7 billion euros in 2024, up from 20.593 billion euros in 2023, according to provisional figures released on Thursday by the Bank of Greece (BoG). The last month of the previous year, December 2024, sees […]

The widening current account deficit was primarily driven by a deterioration in the goods balance and, to a lesser extent, the primary income balance.

The public debt-to-GDP ratio is forecast to fall below 150% by 2025, aided by the primary budget surpluses reinforcing the Greek economy even more.

According to official data released by the Bank of Greece (BoG) a surge was recorded in Greek deposits,  both household and business, in December of 2024. Figures show that the significant increase was 5.654 billion euros. This is largely attributed to the payment of the Christmas bonus for employees, along with the increased business turnover […]

The Bank of Greece (BoG) projects the country’s economy will expand at a higher rate this year over the next 3-year period in a report. The BoG believes the GDP acceleration in 20205 will be buttressed by more rating upgrades from international credit agencies. In more detail, the central bank sees the economy growing by […]

Governor of the Bank of Greece Yannis Stournaras expressed optimism about the banking sector despite challenges

The Mediterranean country held its position in 2024 on the top five list for German and French tourists, ranking 3rd and 4th respectively, similar to 2023

Bank deposits rose to 147.78 billion euros in November 2024, up from 144.65 billion euros in January 2024

Despite this surge, the average expenditure per visitor decreased by 2.5% compared to last year, standing at €589.5

Today's Bank of Greece Interim Report on Monetary Policy depicts a healthy economy, but warns that stronger growth is needed to fully overcome the economic crisis.

Ordinary Greeks and businesses are dipping into their savings to manage the detrimental impact of rising costs, as the latest official data from the Bank of Greece (BoG) shows. The data revealed that private sector deposits were down by €2.258 billion in October 2024, a stark contrast to the €2.324 billion increase recorded in the […]

More arrivals, but less revenues is the verdict by the Bank of Greece (BoG) for this past August in terms of travel remittances from the all-important tourism sector in the country. Specifically, according to the central bank revenues decreased by 1.8% compared to the corresponding month of 2023. Conversely, revenues during the Jan-Aug 2024 period […]

Bank of Greece (BoG) reports nearly 36,000 buy back transactions this year up until the end of September in the country

Be alert regarding unusual behavior or situations (e.g., “too-good-to-be-true” offers, urgent requests for money, suspicious activity on your bank account or card).

The annual rate of change regarding the total credit extension in the domestic economy remained constant, settling at 3.8% in August, the Bank of Greece reported.