The Greek Deal.com
BANK OF GREECE
Tourism revenue at €1.78 billion in the first quarter
Greece welcomed almost 4 million tourists in the first four months of the year, with inbound travel up 20% year-on-year and average spending 2.1% higher.
Current account deficit widened to €6.8 billion in the fourth quarter
According to the Bank of Greece, the current account deficit grew by 1.1 billion euros between January and April of 2024 compared to the same period in 2023.
€70 billion of loans managed by servicers in the first quarter
According to Bank of Greece data, in the first quarter of 2024, the nominal value of domestic private sector loans managed by domestic Loan and Credit Receivables Management Companies (LDCs) and transferred to specialized financial institutions abroad increased by €579 million.
The decisive role of investment expenditure
Speaking at the presentation of the findings of the EIB Investment Survey 2023 for Greece, Bank of Greece Governor Yannis Stournaras discussed the financing of investment needs as well as the investment gap.
Negative loan flow in April - Deposits increased
According to data released by the Bank of Greece (BoG), loan flows were negative by 815 million euros in April after a positive net flow of 1.513 billion euros in March.
Former central banker, dies at 74
Former Bank of Greece governor George Provopoulos passed away on Tuesday. He was 74.
Greece lagging behind in Europe in terms of savings
The deficit of savings in relation to investment, reflects the structural weaknesses of the Greek production model and the country's high dependence on external financing, Yannis Stournaras said in a speech at an event organised by Eurobank and the Athens University of Economics and Business.
Current account deficit widened to €4.2 billion in Q1
The current account deficit was €2.7 billion as of March 2024, up €296.8 million from the previous year.
Primary cash surplus of €2.71 billion in the first quarter
Compared to €1.45 billion during the same period last year, the primary budget surplus on a cash basis climbed to €2.7 billion in the four months of January–April 2024 according to the Bank of Greece.
National deposit guarantee schemes should be harmonized
The Bank of Greece's governor, Yannis Stournaras, said at the conference "Banking Resolution at Ten: Experiences and Open Issues" that the harmonization of national deposit guarantee programs needs to proceed.
Request-to-Pay payments and use of QR in its transactions
George Korfiatis, the Bank of Greece's deputy director, mentioned the horizontal cooperation between the Bank of Greece and the Hellenic Revenue Service as well as the Central Bank's decision to create and present Request-to-Pay, a custom solution that will help improve citizens' daily lives.