Greece's central bank

Bank of Greece Governor Yannis Stournaras on Monday forecast a 0.25% reduction in European Central Bank interest rates in December and further reductions in interest rates in 2025. 

Addressing a Bloomberg conference organized in Athens, the head of Greece's central bank said that he considers a reduction of the basic interest rate of the ECB in December to be "reasonable." 

Many eurozone banks underestimate credit losses they are likely to incur from the Covid-19 pandemic and supervisors will focus on asset quality this year, European Central Bank Governing Council member Yannis Stournaras said on Friday. 

Europe should ease state aid rules and protect bank deposits to shore up lenders struggling under the weight of the coronavirus pandemic, European Central Bank policymaker Yannis Stournaras said in an opinion piece on Friday. 

Greece's central bank has slashed growth projections for the Greek economy to 0 percent from a previously estimated 2.4 percent this year from the impact of the coronavirus outbreak, it said on Friday.

Credit servicing firms (CSFs) licensed by Greece's central bank were servicing a total of 23.5 billion euros ($26.3 billion) of non-performing loans at the end of December, it said on Monday.

Greece's central bank is sticking to its economic growth projections so far as it monitors data after the country confirmed its first coronavirus infection, an official at the Bank of Greece told Reuters.
"We don't have any data that would warrant a change to our present projections for the moment," the official said, declining to be named. [Reuters]

The 1.5 percent growth rate recorded in the first half of 2019, announced on Wednesday by Greece's statistics service (ELSTAT), raises the bar for the new government to secure the growth it seeks.
ELSTAT data showed the economy expanded at an annual 1.9 percent rate in the second quarter, accelerating from a downwardly revised 1.1 percent growth rate in the first quarter.

Greece's central bank has recommended to the government that it fully dismantle capital controls in September or October, a bold move to swiftly reverse emergency steps taken four years ago to protect the country's banks during its financial crisis.

A Greek joint-venture between Italian debt collector Fire and investment firm StormHarbour has secured a license to operate in the country's impaired loan market, a source familiar with the matter said on Friday.

A Greek joint-venture between Italian debt collector Fire and investment firm StormHarbour has secured a licence to operate in the country's impaired loan market, a source familiar with the matter said on Friday.