Monthly rise of 3 pct for producer price index in Aug prompts cost concerns
Retail sales grow by 3.1 pct in Jul, as food sales continue to contract
Consumer confidence takes 10-point dive in September
Building activity continues to grow, rising by 13 pct YoY in Jun
Mixed picture for deposits continues in Aug with rise of just 190 mln
Credit net flows remain negative in Aug, growth at just 0.9 pct YoY
BoG stresses need to avoid putting investment grade at risk
In its latest financial stability report published on Thursday, the Bank of Greece highlights the progress achieved in domestic banking and notes the challenges that lie ahead for the sector and the Greek economy.
The BoG notes that key metrics in Greek banking improved considerably, led by the drop in the NPE stock and ratio, to 8.7 pct of loans in the end of 2022, assisted by the Hercules APS. That said, the issue remains more acute in Greece, compared to a Eur...
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