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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
Current account balance turns to deficit of 198 mln in Oct Greece’s current account (C/A) balance turned to a deficit of 198.4 million euros in October 2016 from surplus of 264.8 million in the corresponding period last year, Bank of Greece (BoG) figures showed on Wednesday.
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EconomyMacroeconomy
Capital controls trigger big rise in card use and VAT revenues, Bank of Greece data shows The significant increase in the use of debit and credit cards after the imposition of capital controls in July 2015 is having a positive impact on VAT revenues by improving collectability, the Bank of Greece (BoG) concludes in its interim monetary policy report published last Friday.
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EconomyMacroeconomy
Primary cash surplus to Nov at 3.6 bln, including arrears repayment of 3.4 bln Greece’s central government primary cash surplus dropped to 3.58 billion euros in the 11-month period of 2016 from 4.48 billion in the corresponding period last year ago, Bank of Greece (BoG) figures showed on Monday.
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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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EconomyMacroeconomy
Time deposit rate edges down to 0.76 pct, loan rate spikes to 5 percent Greek households’ new time deposit rate dropped for the second straight month, albeit at a slower pace, by 3 basis points (bps) to 0.76 percent in October, after a decline by 8 bps in September, Bank of Greece (BoG) data displayed on Friday.