Economy
Credit contracts by 4.1 pct in March, loans down by 3.4 pct
The year on year (YoY) credit contraction in the Greek market slightly accelerated to 4.1 percent in March from 4 percent in the preceding two months, with balances reaching 215.88 billion euros, according to the BoG.
Slight rise in deposits for March but outflows at 2.2 bln for 2014
Greek private sector deposits rose 0.3 percent month on month (MoM) in March, with balances reaching 161.05 billion euros, according to the Bank of Greece (BoG).
European Commission review of Greek programme: The key points
The European Commission (EC) published on April 25 its fourth review on Greece’s Economic Adjustment Programme. This was the first report since July 2013 and follows the agreement reached between the troika and the Greek government in mid March after six months of negotiations.
Greek trade deficit up 12.6 pct in Feb as imports rise
Greece’s trade deficit rose 12.6 percent to 1.99 billion euros in February, resuming an upward trend for the first time since September 2013, according to the Hellenic Statistical Authority (ELSTAT).
Greek 2013 primary surplus confirmed at 1.5 bln euros
Greece’s 2013 general government (gg) deficit reached 23.11 billion euros (12.7 percent of GDP), while debt stood at 318.7 billion (175.1 percent of GDP), according to first notification released by the Eurostat on Wednesday.
National Bank follows other Greek lenders' by opting for capital increase
As had been rumoured, National Bank of Greece’s board (NBG) decided on April 16 to call an Extraordinary General Meeting for May 10 to approve a capital increase of up to 2.5 billion euros.
Greek current account deficit rises to 709 mln in February
Greece's February current account (C/A) deficit rose by 3.6 percent to 709 million euros, according to the Bank of Greece (BoG).
Central gov't cash deficit down to 1.14 bln in March
Greece’s central government net balance to March on a cash basis showed a deficit of 1.14 billion. 59 percent lower compared to last year’s 2.76 billion, according to the Bank of Greece (BoG).
Four months of decline in industry turnover almost comes to stop in February
The decline in Turnover Index in Industry slowed further in February to a marginal 0.1 percent from 4.3 percent in January and a double-digit drop in the preceding three months, according to the Hellenic Statistical Authority (ELSTAT).
Eurobank gears up for crucial but contentious capital increase
Eurobank, Greece’s fourth largest lender, is preparing to carry out before the end of this month a share capital increase that will ensure its capital adequacy but which has many opponents due to the controversial nature of the method that has been chosen.