Economy
General govt primary cash surplus at 9.45 bln in Dec, arrears fall by 195 mln
Greece’s general government (gg) primary cash surplus came to 9.45 billion euros across 2019, up by 3.73 billion euros compared to the same period last year, according to the Finance Ministry’s (MoF) monthly gg bulletin.
Overall loan interest remains at 4.34 pct in December
The overall weighted average interest rate on all new loans to households and non-financial corporations remained at 4.34 percent in December, unchanged from November, data from the Bank of Greece (BoG) showed on Tuesday.
Greek banks eye positive market appetite for bad loan sales
Ahead of the EU’s stress tests and improving sentiment, Greece’s banks have begun making further inroads into their plans for reducing bad loans on their books.
Banks gear up for 2020 stress tests as evaluation begins
The European Central Bank (ECB) announced last Friday the beginning of the stress test process for 2020, an EU-wide exercise that will be led by the European Banking Authority (EBA) and will examine 35 significant euro area banks, which are directly supervised by the ECB and cover 70 percent of banking sector assets in the eurozone.
PMI at 54.4 points in Jan as employment growth hits all-time high
Greece’s manufacturing PMI increased to 54.4 points in January from 53.9 points in December, according to the latest data from Markit PMI.
Retail turnover increases by 4.1 pct in Nov, volume up by 3.1 pct
Greece’s retail sales index increased by 4.1 percent in November following a rise of 6.6 percent in October, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Economic sentiment at 108.4 in Jan
Greece’s economic sentiment (ESI) fell by 1 point in January to reach 108.4 points, European Commission (EC) figures showed on Thursday.
Credit contraction of 0.5 pct in Dec, balance at 154.29 bln
Credit contraction in the Greek market came to 0.5 percent in December from 0.2 percent in November, Bank of Greece (BoG) figures showed on Wednesday.
Deposits rise by 3.65 bln in December
Net deposit movement in the Greek banking system were positive by 3.65 billion euros in December, following outflows of 179 million in November, Bank of Greece (BoG) figures revealed on Wednesday.
Greek 15-year bond attracts strong interest, improves debt profile
Greece had its most successful market test since it exited its third adjustment programme in August 2018, by issuing a new 15-year bond that attracted significant investor interest and a very attractive yield.