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MarketScreener Homepage  >  Equities  >  Athens Stock Exchange  >  Bank of Greece    TELL   GRS004013009

BANK OF GREECE

(TELL)
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Delayed Quote. Delayed Athens Stock Exchange - 01/20 10:09:57 am
16 EUR   +0.13%
04:06aBALANCE OF PAYMENTS : November 2020
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01/19BANK LENDING SURVEY (BLS) : Q4 2020
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01/19CENTRAL GOVERNMENT NET BORROWING REQUIREMENT ON A CASH BASIS : January - December 2020
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Greek economy to shrink 10% this year because of second lockdown - finmin

11/11/2020 | 10:13am EST
Nationwide lockdown to contain the spread of the coronavirus disease (COVID-19) in Athens

ATHENS (Reuters) - Greece's economy is expected to contract by around 10% this year as a result of a second lockdown to contain a resurgence of coronavirus infections, the country's deputy finance minister said on Wednesday.

"The economy will decline by around 10% this year," Theodore Skylakakis told Proto Thema radio. He said public debt was likely to rise to around 204%-206% of gross domestic product as a result.

The projection means Greece's recession-hit economy could shrink at a rate closer to its central bank's worst-case scenario, a 9.4% GDP decline.

Last month, the Bank of Greece said the economy was likely to contract by 7.5% this year under a baseline scenario, faring worse than a previous forecast of a 5.8% decline.

In its draft 2021 budget released in early October, the government projected the economy would shrink 8.2% this year and rebound by 7.5% in 2021.

It projected public debt would decline to 184.7% of GDP in 2021 from 197.4% this year.

Greece ordered a nationwide lockdown for three weeks earlier this month, its second this year, to help contain a resurgence of COVID-19 infections.

Prime Minister Kyriakos Mitsotakis said he was forced to act as pressure on the country's healthcare system would be "unbearable" without a lockdown.

(Reporting by George Georgiopoulos; Editing by Steve Orlofsky)


© Reuters 2020
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Financials
Sales 2019 1 734 M 2 099 M 2 099 M
Net income 2019 842 M 1 020 M 1 020 M
Net cash 2019 8 631 M 10 450 M 10 450 M
P/E ratio 2019 0,35x
Yield 2019 4,53%
Capitalization 318 M 385 M 385 M
EV / Sales 2018 -7,16x
EV / Sales 2019 -4,81x
Nbr of Employees 62 093
Free-Float 78,6%
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Managers and Directors
NameTitle
Yannis Stournaras Governor
K. Michou Director-Financial Operations Department
H. Mavroidis Director-Information Systems Department
K. Dimitrakopoulos Director-Technical & Administrative Support
Charalampos K. Stamatopoulos Member-General Council
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