The interest rate on households’ new time deposits slipped by 5 basis points (bps) to 2.08 percent in September, according to the Bank of Greece (BoG). This was the lowest month on month drop since March.
Greece’s economic sentiment improved in October for the first time since June. It reached 102.2 from 99.3 in September, according to the European Commission (EC).
Greece has moved up several spots in the World Bank’s “Ease of Doing Business” ranking, with improvements in several areas but serious problems persisting in a number of areas, such as the enforcement of contracts.
In its latest quarterly report published on Wednesday, Greece’s Parliamentary Budget Office (PBO) set out its concerns about the country’s preparedness for exiting the troika Memorandum of Understanding (MoU).
Greek private sector deposits increased for the seventh successive month by 0.3 percent month on month (MoM) in September, with balances reaching 164.75 billion euros, according to the Bank of Greece (BoG).
The rate of Greek credit contraction remained at 3.5 percent in September, unchanged from the previous month, according to the Bank of Greece (BoG).
Greek household disposable income fell by 4.3 percent year on year (YoY) in the second quarter (Q2) of 2014 to 30.8 billion, according to the Hellenic Statistical Authority (ELSTAT).
The European Central Bank (ECB) published on Sunday the much anticipated results of its comprehensive assessment on the financial health of 130 banks in the euro area, with just one Greek lender (Eurobank) appearing to have a capital shortfall and even in that case it being less than 18 million euros.
The European Central Bank (ECB) is due to release the results of its comprehensive assessment of the financial health of 130 banks in the euro area at noon (CET) on Sunday. In the two weeks that follow banks will have to submit their capital plans, detailing how capital shortfalls will be covered in the next 6-9 months.
Greece’s trade deficit narrowed by 29.5 percent in August, after soaring by a similar rate in July, according to the Hellenic Statistical Authority (ELSTAT).