Bank of Greece 2024 AR2
The report highlights the resilience of the Greek economy in 2024, which grew by 2.3%, outpacing the euro area average. It notes significant fiscal progress, with the general government primary surplus expected to reach 3.5% of GDP and public debt declining to 153.8% of GDP. The banking sector strengthened further, marked by a reduction in non-performing loans to 3.8% and the return to investment grade status. Additionally, the Bank of Greece assumed the supervision of Occupational Pension Funds and implemented new macroprudential borrower-based measures to enhance financial stability.
Company: Bank of Greece
Sector: Finance & insurance
Country: Greece
Year: 2024
Type: AR2
Pages: 248
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Bank of Greece
Annual Report
The report highlights the resilience of the Greek economy in 2024, which grew by 2.3%, outpacing the euro area average. It notes significant fiscal progress, with the general government primary surplus expected to reach 3.5% of GDP and public debt declining to 153.8% of GDP. The banking sector strengthened further, marked by a reduction in non-performing loans to 3.8% and the return to investment grade status. Additionally, the Bank of Greece assumed the supervision of Occupational Pension Funds and implemented new macroprudential borrower-based measures to enhance financial stability.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
No data available