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Economy
BoG sees 4.2% recovery in 2021, re-emphasises need for bad bank In the governor’s annual report issued on Tuesday, the Bank of Greece maintains its rather positive stance on the Greek economy, while it highlighted the challenges faced by the country’s banking sector.
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EconomyMacroeconomy
Credit growth in February unchanged 3.7 pct; monthly flows resume growth Credit movement in the Greek private sector rose an annual 3.7 percent in February, the same rate as in January, Bank of Greece (BoG) figures showed on Friday.
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EconomyMacroeconomy Deposits rose by 741 mln in February, led by higher sight savings Net deposit movements in the Greek banking system were positive by 741 million euros in February, compared with outflows of 1.19 billion euros in January, Bank of Greece (BoG) figures revealed on Friday.
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EconomyMacroeconomy
Travel balance falls by 97.6 pct in January Greece’s travel balance came to 2.4 million euros in January from 54.9 million a year ago, Bank of Greece (BoG) data has shown. This is equal to a decrease of 97.6 percent year-on-year (YoY).
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EconomyMacroeconomy
Current account shows deficit of 436 mln in January Greece’s current account balance posted a deficit of 435.7 million euros in January compared to 653.8 million euros in December, Bank of Greece data showed.
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EconomyBanking
Loans under credit servicing firms jumps by 19 pct QoQ to 38.9 bln The Bank of Greece’s (BoG) released statistics for the fourth quarter (Q4) of 2020 regarding the operations of Credit Servicing Firms (CSFs) in Greece.
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EconomyMacroeconomy
Apartment prices rise by 2.6 pct in Q4, increase 4.2 pct in 2020 The rise in the nominal value of apartments in Greece came to 2.6 percent year-on-year in the fourth quarter of 2020 from an increase of 3.5 percent in Q3 2020, Bank of Greece data showed on Tuesday.
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EconomyMacroeconomy
Credit growth in January rises to 3.7 pct even as flow turns negative Credit movement in the Greek private sector rose an annual 3.7 percent in January after an increase of 3.5 percent in December, Bank of Greece (BoG) figures showed on Thursday.
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EconomyMacroeconomy
Deposits drop by EU1.21 bln in January, first decline in a year Net deposit movements in the Greek banking system were negative for the first time in a year, falling by 1.21 billion euros in January, compared with inflows of 4.65 billion euros in December, Bank of Greece (BoG) figures revealed on Thursday.
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EconomyMacroeconomy
Travel balance falls by 97.3 pct in December, 76.5 pct in 2020 Greece’s travel balance came to 0.8 million euros in December from 28.6 million a year ago, Bank of Greece (BoG) data has shown. This is equal to a decrease of 97.3 percent year-on-year (YoY).