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Bank of Greece (BoG)

Hotel sector contributes to Greek economy, BoG report finds

The Greek hotel sector in the 2010-2017 period contributed to Greece’s economy both in terms of employment and Gross Value Added (GVA), the Bank of Greece (BoG) said in its Interim Report on Monetary Policy 2018 that was released recently.

Bank of Greece presents plan to reduce NPLs by up to 47 pct

Τhe Bank of Greece on Thursday presented a plan to reduce Greek banks’ non-performing loans by up to 47 pct. The plan envisages the transfer of deferred tax worth 7.5 billion euros to a special purpose vehicle (SPV) and of NPLs worth 40…