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Economy
S&P raises core Greek banks’ ratings, with a stable outlook Standard & Poor’s raised on Tuesday evening the four core Greek banks’ ratings to ‘CCC+/C’ from ‘SD,’ with a stable outlook, in the wake of capital controls being relaxed.
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EconomyMacroeconomy
Minor uptick in time deposit and average loan interest rate in June Greek households’ new time deposit rate edged up by 1 basis point (bp) to 0.86 percent in June from 0.85 percent in May, Bank of Greece (BoG) data showed on Tuesday.
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EconomyBanking
HFSF sees market value of bank holdings plunge to 2.4 bln after closure, capital controls The Hellenic Financial Stability Fund’s (HFSF) equity plummeted to 8.84 billion euros at the end of 2015 from 24.51 billion a year ago, according to its annual report, which was published on Friday.
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EconomyMacroeconomy
Deposit inflows of 1.07 bln in June, highest in first half of 2016 Greek private sector deposit flow remained positive for the second straight month with inflows of 1.07 billion euros in June from 183 million in May, Bank of Greece (BoG) figures showed on Wednesday.
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EconomyMacroeconomy
Credit contraction stays stable at 2 pct in June, net additions for first time this year Greek bank credit contraction remained stable at 2 percent in June, Bank of Greece (BoG) figures showed on Wednesday.
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EconomyBanking
Bank of Greece report overviews lenders' profitability, urges drastic NPL management The Bank of Greece (BoG) published on Tuesday an overview of the Greek financial sector, providing an update on the key developments and data over the past five years regarding banks’ profitability, loan quality and cards’ transactions.
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EconomyBanking
Sallas exit from Piraeus marks end of era in Greek banking sector Michalis Sallas, the non-executive chairman of Piraeus Bank, resigned during a Board of Directors (BoD) meeting on Wednesday afternoon, marking the end of an era in the Greek banking sector.
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EconomyMacroeconomy
Credit standards for Greek loans stayed stable in Q2, small uptick in demand for large corporate loans Credit standards for both corporate and household loans were kept largely stable quarter on quarter (QoQ) in the second quarter (Q2) of 2016, in line with expectations, Bank of Greece (BoG) bank lending survey (BLS) figures displayed on Tuesday.
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EconomyMacroeconomy
Eurosystem funding falls 8.6 bln in June in aftermath of waiver reinstatement Greek banks’ Eurosystem funding dropped by a notable 8.57 billion euros in June, following a decrease by 3.86 billion in May, Bank of Greece's (BoG) monthly financial statement displayed on Wednesday.
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EconomyMacroeconomy
Stournaras eyes easing of capital controls, updates on loan quality and NPL reduction targets Appearing before Parliament’s economic affairs committee on Monday Bank of Greece (BoG) Governor Yannis Stournaras presented the organisation’s monetary policy report, which was released a month ago, and provided an update on Greek banks’ loan quality as well as unveiling a series of proposals for easing capital controls