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EconomyProgramme
Provisions of out-of-court workout bill outlined ahead of submission to Parliament In an interview with Ethnos daily on Saturday, Economy and Development Minister Dimitris Papadimitriou outlined the key highlights of the draft law on the out-of-court workout that is due to be tabled in the Parliament by the end of January.
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EconomyMacroeconomy
Time deposit rate falls to record low of 0.71 pct, loan rate drops to 4.83 pct Greek households’ new time deposit rate declined for the third successive month in November, when t fell by 5 basis points (bps) to 0.71 percent from 0.76 percent in October, Bank of Greece (BoG) data showed on Wednesday.
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EconomyBanking
Greek banks conclude series of corporate actions as part of restructuring Greek banks concluded a number of corporate actions in the last month of 2016 as part of the implementation of their restructuring plans, which includes disposal of non-core assets and focus on specific markets.
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EconomyMacroeconomy
Credit contraction slows again in Nov, falling to 1.3 pct on additions of 62 mln The rate of credit contraction in the Greek market decelerated to 1.3 percent in November from 1.6 percent in October, Bank of Greece (BoG) figures showed on Thursday.
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EconomyMacroeconomy
Deposits edge up to 124.8 bln in Nov on marginal inflows of 12 mln The Greek market recorded marginal deposit inflows of 12 million euros in November following a positive flow of 1.02 billion in October, Bank of Greece (BoG) figures displayed on Thursday.
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EconomyBanking
HFSF records losses of 1.2 bln in 9-month amid revaluation losses from bank holdings The Hellenic Financial Stability Fund (HFSF) posted net losses of 1.25 billion euros in the 9-month period of 2016 from 8.89 billion a year ago, its interim financial report showed on Friday.
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EconomyMacroeconomy
Bank of Greece study finds one in six local firms is strategic defaulter In a separate section of the interim Monetary Policy Report published on Friday, the Bank of Greece (BoG) discussed the issue of corporate strategic defaulters i.e. companies that have stopped servicing their loans despite having the ability to make the payments.
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EconomyMacroeconomy
Bank of Greece sees potential for recovery, urges calm in negotiations In its interim Monetary Policy Report published on Friday, the Bank of Greece (BoG) called for a swift conclusion to the second programme review and implementation of reforms and privatisations.
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EconomyMacroeconomy
Eurosystem funding drops by 3.3 bln in Nov for 17th straight monthly fall Greek banks’ Eurosystem funding fell by another 3.3 billion euros in November, after a broadly similar drop of 3.53 billion in October, Bank of Greece's (BoG) monthly financial statement showed on Tuesday.
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EconomyBanking
HFSF posts losses of 1.1 bln in H1 weighed down by valuation losses of bank holdings The Hellenic Financial Stability Fund (HFSF) recorded net losses of 1.14 billion in the first half of 2016 from 4.15 billion in the corresponding period last year, according to the interim financial report published on Wednesday