In March 2019, the annual growth rate of total credit extended to the economy stood at -0.5% from -1.2% in the previous month and the monthly net flow was positive at €601 million, compared with a negative net flow of €694 million in the previous month.
The Bank of Greece has set up a FinTech Hub aiming to offer support and information to firms and individuals who are introducing or considering the adoption of innovative, technology-driven financial products, services or business models.
What unites small, relatively obscure Balkan nations such as Macedonia, Slovenia and Croatia? All of them have significant wine cultures and derive some of their annual gross domestic product (GDP) from wine exports.
Daniele Nouy, chairperson of the Supervisory Board of the Single Supervisory Mechanism (SSM) at the European Central Bank, recently visited the Bank of Greece in Athens to meet with staff and exchange views on banking and the Greek debt situation.
The Bank of Greece recently released balance of travel services statistics for the country for the period of January to September 2016, which show a surplus of $10.97 million, a 9 percent reduction from the same period in 2015.
Results from a recent bank lending survey by the Bank of Greece shows that the demand for loans to non-financial corporations (NFCs) remained unchanged in the fourth quarter of last year compared to the third quarter.