Retail Banking Financial Update
DIVERSIFIED SOURCES OF CAPITAL
FOREIGN DIRECT INVESTMENTS
FDI down 24.0% y/y in 9M20
Source: Geostat
2.5
2.0
25%
3.5
TOURISM REVENUES
Tourism revenues down 83.4% y/y in 2020,
due to COVID pandemic
Source: NBG, Geostat
18.3% 18.7%
25%
3.0
20%
16.6%
20%
2.5
13.9%
1.5
11.6%
12.2%
10.4%
10.9%
15%
12.5%
2.0
15%
10.0% 10.1%
8.6%
1.0
7.1%
7.5%
7.4%
7.5%
6.4%
6.0%
10%
1.5
5.4%
6.3%
10%
1.0
0.5
0.0
5%
5%
0.5
0%
0.0
0%
2018
2019
FDI, US$ bn
-FDI as % of GDP
• REMITTANCES - STEADY SOURCE OF EXTERNAL
Tourism revenues, US$ bn
FUNDING
Source: NBG, Geostat
Remittances up by 8.8% y/y in 2020
11.9%
7%
2.1
9.9%
12%
5.8%
1.8
8.6% 8.4%
8.6%
8.1%
8.2%
8.5% 9.0%
6%
5.4%
1.5
7.2% 7.6%
10%
1.9
5%
1.7
8%
1.6
1.2
1.5
1.4
4%
1.3
1.4
1.3
6%
0.9
1.2
3%
1.1
1.1
4%
0.6
2%
0.3
2%
1%
0.0
0%
0%
Remittances, US$ bn
Remittances as % of GDP
Tourism revenues as % of GDP
PUBLIC EXTERNAL BORROWING FOR CAPEX, % OF
GDP
Source: MOF, Geostat
3.2%
3.3%
3.1% 3.0% 3.1%
2.8%
2.5%
2.0%
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