BANK OF GREECE

According to provisional data, the central bank said, apartment prices increased at an average annual rate of 13.4% in 2023, compared with an average increase of 11.9% in 2022.

No dividend will be distributed for fiscal year 2023, according to the draft budget. Large charges to the BoE from interest payments to banks and the State. Losses of 55 billion in the Eurosystem, the largest in the Bundesbank.

"Another outcome of the IMF spring meetings is that, as inflation is gradually de-escalating", deputy governor of CBG, Th. Pelagidis said, speaking to MNI press agency.

Staikouras: "Reduce profitability, strengthen households and businesses". "Let us do our job", the banks reply. Government-bank relations are in the red. SSM on alert.

According to Business Daily sources, official sector creditors have asked all debt management companies for detailed information on the impact on business plans and revenue flow from recoveries due to the legal obstacle that has emerged, as well as estimates on the impact on payment culture and the desire from debtors to move ahead with restructuring of debt.

The latest report from the Bank of Greece (BoG) on Financial Stability highlights that fraudsters prefer transactions with credit transfers which increased 300% in 2020, in relation to 2019.

According to banking sources, a large number of companies have repaid their loans to the banks in full, using mainly the low-interest subsidized loans they have received through TEPIX.

According to Bank of Greece non - residents' arrivals soared 240 pct in July totaling 2,815,000, representing 50 pct of their July 2019 level, while travel receipts accounted for 61.4 pct of July 2019 levels.

Although many companies are now able to move ahead with investments to improve their business, many are still moving defensively, keeping deposits high as they remain concerned about the duration and resilience of the current economic upturn.

The trend of continuous increases in deposits reflects growing confidence in the Greek financial system, however, doubts remain about the course of the pandemic and the implementation of new restrictive measures.