National Bank of Greece2018年年度报告.pdf

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1、BANKING SYSTEM AND DOMESTIC ECONOMYFINANCIAL ENVIRONMENTGLOBAL FINANCIAL ENVIRONMENTDOMESTIC ECONOMY&BANKING SYSTEM Small deceleration of the global economy in 2018Global economy slows to 3.6%vs.3.8%Eurozone GDP growth slipped to1.8%vs.2.4%MONETARY POLICIES IN THE ADVANCED ECONOMIES REMAINED SUPPORT

2、IVEThe ECBMaintained its intervention rate unchanged at 0.0%Ended its QE program in December 2018Announced seven TLTROsof two-year duration(09/19 03/21)The FedIncreased its benchmark rate by100 bps to 2.25%in 2018Reduced its balance sheet by$373bnGrowth at 1.9%vs.1.4%y/y the best rate of the past 11

3、 yearsOuting of Greece in the marketsUpgrade of Greeces credit rating by international rating agencies2018 WAS A CRUCIAL YEAR FOR THE GREEK ECONOMYHouse prices grew by 1.5%in 2018 and by 2.5%in Q4Commercial property prices grew by 5.3%in H1.2018Growth in residentialand commercial real estate prices

4、is gaining pace in 2019THE GREEK BANKING SYSTEM HAS ENTERED A RECOVERY TRAJECTORYPrivate deposits up by7.9bn Business lending upReliance on ELA funding down to just 0.9bnTHE GREEK REAL ESTATE MARKET SHOWED STEADY SIGNS OF RECOVERYNew mid-term public debt relief measuresSuccessful completion of the 3

5、rd Financial Assistance ProgrammeSignificant liquidity buffer to cover funding needs of the Greek Stateand full disengagement in 20192018#AT A GLANCEGROUP ACTIVITIES IN GREECETHE GROUPS BUSINESSIN GREECEOVER 5 MILLION ACTIVE CUSTOMERS 210,000 Premium Banking customers with funds under management at

6、15.1bn 865,000 special interest customers with funds under management at 9.5bn 39,000 NBG Asset Management customers with funds under management at 1.4bn(end of 2018)Enhancing the quality of our customer servicesImplementing a customer-centric modelIncorporating new technologies in our bank processe