Economy
Banks reveal new capital structures, ex-bondholders sell shareholdings
Following the relevant approval by the Hellenic Capital Market Commission (HCMC), the four core banks published their prospectuses for the capital increases, which revealed among others, the official shareholder structure after the completion of their equity raisings.
Time deposit rate slips 12 bps in Oct, average loan rate rises by 29 bps
After remaining almost flat in September, Greek households’ new time deposit rate fell by 12 basis points (bps) to 1.06 percent in October, Bank of Greece (BoG) data showed on Wednesday.
Greek PMI edges up to 48.1 in Nov, suggest pace of deterioration slowing
Greece’s Manufacturing PMI continued heading north by 0.8 points to 48.1 in November from 47.3 in October, a Markit survey displayed on Tuesday.
Retail sales drop at faster pace of 5.2 pct in Sept
The turnover of Greece’s retail trade index fell at a faster pace by 5.2 percent in September following a drop by 3.8 percent in August, according to Hellenic Statistical Agency (ELSTAT) data published on Monday.
Q3 GDP slips 0.9 pct QoQ on lower private consumption and investment
Greece's seasonally adjusted (SA) GDP at constant prices fell by 0.9 percent quarter on quarter (QoQ) in Q3 2015, at a faster pace compared to the flash estimate of -0.5 percent released two weeks ago, according to Friday's Hellenic Statistical Authority (ELSTAT) provisional data.
Stock market slips 1.4 pct dragged by huge bank losses
The Greek stock market edged lower 1.4 percent this week amid strong under-performance of bank shares, which continued unabated for the fifth successive week.
Economic sentiment stable, consumer confidence down 4.5 pts in November
Greece’s economic sentiment (ESI) remained flat from previous month at 86.5 in November, European Commission (EC) data showed on Friday.
Greece receives list of milestones for next bailout sub-tranche
The Eurogroup Working Group (EWG) reportedly agreed on Thursday evening the second list of milestones Greece has to implement in the next three weeks for the disbursement of the next sub-tranche of 1 billion euros by December 18.
Deposit flow turns negative with outflows of 681 mln in Oct
Greek private sector deposit flow turned negative, with outflows of 681 million euros in October after the upward revised inflows of 561 million recorded in September, Bank of Greece (BoG) data showed on Thursday.
Rate of credit contraction edges up to 1.6 pct in Oct
Greek bank credit contraction accelerated slightly to 1.6 percent in October from 1.5 percent in September, Bank of Greece (BoG) figures showed on Thursday.