Economy
Greek banks maintain focus on key areas as elections approach
Greece’s systemic banks are continuing tackling several key issues as the summer sets in and against the general tide of a pre-election slowdown.
Budget primary surplus confirmed at 916 mln in May on higher expenditure
The budget primary balance recorded a surplus of 916 million euros in the first five months of 2019, compared to a surplus of 853 million noted in May 2018, the Finance Ministry’s (MoF) final budget execution bulletin showed on Tuesday.
Card usage gains traction with debit cards leading the way, BoG finds
The Bank of Greece’s (BoG) latest overview of the Greek financial system has shown that the rate of card use among businesses and individuals has steadily increased over recent years.
Travel balance falls by 4.1 pct in April
Greece’s travel balance edged down to 200.3 million euros in April from 208.8 million a year ago, Bank of Greece (BoG) data has shown. This is equal to a decline of 4.1 percent.
Primary cash balance at surplus of 438 mln in May
Greece’s central government primary cash balance recorded a surplus of 438 million euros in the first five months of the year according to figures released by the Bank of Greece (BoG).
May employment balance positive by 105,282 as seasonal hires pick up
The employment balance was positive in Μay with 105,284 more hirings than departures, data from the Labour Ministry’s Ergani information system showed.
Current account deficit drops in April on improved goods and services balance
Greece’s current account (C/A) deficit came to 1.40 billion euros in April from 1.5 billion euros in March according to Bank of Greece (BoG) figures released on Thursday.
Piraeus Bank issues Tier II bond to strong demand
Piraeus Bank’s closely watched Tier II bond issue was deemed a success after raising 400 million euros on Wednesday. In total, bids of over 850 million euros were submitted.
NPEs down by 13 pct to 81.8 bln in 2018, but BoG highlights continuing credit risk
The financial stability report published by Bank of Greece (BoG) on Tuesday details the credit risk in Greece’s banking system related to the major challenge of dealing with the stock of Non-Performing Exposures (NPEs).
BoG notes economic progress, urges safeguarding of fiscal credibility
In the financial stability report the Bank of Greece (BoG) published on Tuesday, it took stock of the positive developments in the Greek economy and the banking system.