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EconomyMacroeconomy
Banks meet NPE targets in Q1 but mortgage reductions remain slow Greek banks succeeded in meeting their non-performing exposure (NPE) reduction target in the first quarter (Q1) of 2018 according to the seventh quarterly report on operational targets for NPEs published by the Bank of Greece (BoG) on Wednesday afternoon.
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EconomyMacroeconomy
Deposits stay positive with 870.1 mln inflow in April Net deposit movement in the Greek banking system remained positive and showed inflows of 870.1 million in April compared to inflows of 1.14 billion in March, Bank of Greece (BoG) figures revealed on Tuesday.
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EconomyMacroeconomy
Credit contraction deepens to 1.9 pct in April, balance at 179.13 bln Credit contraction in the Greek market deepened to 1.9 percent in April compared to a contraction of 1 percent in March, according to Bank of Greece (BoG) figures released on Tuesday.
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EconomyMacroeconomy
Travel surplus rises by 48.2 pct in March as receipts increase Greece’s travel balance rose by 48.2 percent year-on-year in March, recovering from a 135.2 percent drop noted in February, Bank of Greece (BoG) data revealed on Tuesday.
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EconomyMacroeconomy
March current account deficit at 955.8 mln on improvement in goods balance Greece’s current account (C/A) balance recorded a deficit of 955.8 million in March, improving against February’s deficit of 1.29 billion, Bank of Greece (BoG) figures showed on Monday.
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EconomyMacroeconomy
Primary cash surplus at 7.45 bln in April on revenue growth, lower expenditure Greece’s central government primary cash surplus recorded a surplus of 7.45 billion euros in the first four months of the year, Bank of Greece (BoG) figures showed on Thursday.
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EconomyBanking
Banks focus on defining challenge of reducing NPEs Having breathed a sigh of relief following the conclusion of the stress test exercise, which did not indicate any need for raising significant additional capital, Greek banks can now continue without any distractions to tackle the major challenge of de-risking their balance sheets by reducing the number of non-performing exposures (NPEs).
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EconomyMacroeconomy
Eurosystem funding decline picks up pace to 3.26 bln in April Greek banks’ Eurosystem funding fell notably by 3.26 billion euros in April, Bank of Greece's (BoG) monthly financial statement revealed on Thursday.
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EconomyMacroeconomy
Strong deposit growth of 1.14 bln noted in March Net deposit movement in the Greek banking system turned strongly positive in March, with inflows of 1.14 billion compared to inflows of 59 million in February, Bank of Greece (BoG) figures revealed on Monday.
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EconomyMacroeconomy
Credit contraction at 1 pct in March, balance at 180.34 bln Credit contraction in the Greek market came to 1 percent in March compared to a contraction of 0.9 percent in February according to Bank of Greece (BoG) figures released on Monday.