Credit movement in the Greek private sector rose by 2.5 percent in October after an increase of 2.4 percent in September, Bank of Greece (BoG) figures showed on Thursday.
Net deposit movements in the Greek banking system were positive by 2.53 billion euros in October, up from inflows of 1.16 billion euros in September, Bank of Greece (BoG) figures revealed on Thursday.
Alpha Bank reported net profits of 43.8 million euros for the third quarter (Q3) of 2020 compared to a net profit of 97.5 million euros in Q2 2020.
The budget primary balance recorded a deficit of 9.07 billion euros in the first ten months of 2020, compared to a surplus of 5.74 billion noted in October 2019, the final Finance Ministry (MoF) budget execution bulletin for October showed on Wednesday.
Announcing the establishment by Microsoft of a regional cloud computing hub in Greece, Prime Minister Kyriakos Mitsotakis said that his government was focussing on “the digital transformation of government and the economy” as a critical step in achieving “Greece’s leap into the future, placing Greeks among the winners of the 4th industrial revolution”.
Piraeus Bank’s nine-month (9M) results revealed pre-tax losses of 133 million euros compared to pre tax profits of 110 million euros in the relevant period in 2019.
The report for the eighth post-programme review published last week included an update of the debt sustainability analysis (DSA) for Greece, the first revision since the one conducted in the context of the fifth review at the start of the year, before the pandemic struck.
Greece’s travel balance came to 776.5 million euros in September from 2.67 billion a year ago, Bank of Greece (BoG) data has shown. This is equal to an decrease of 70.9 percent year-on-year (YoY).
With Greece having completed two weeks of general lockdown and as Covid-19 data continued to cause alarm, Finance Minister Christos Staikouras tabled to Parliament on Friday the final 2021 budget, which was substantially revised from the draft document submitted at the start of October.
Greece’s current account (C/A) balance posted a deficit of 498.8 million in September compared to a surplus of 79.7 million euros in August, Bank of Greece (BoG) data showed on Friday.