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Unemployment jumps to 10.6 pct in Q1 - highest in two years
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Q1 GDP growth slows to 0.2 pct QoQ as investments drop
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OECD's latest outlook sees stable growth, rising inflation
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PMI improves in May as manufacturers struggle with effects of Iran war
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Deposits fall marginally in April as rise for households offsets business drop
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Lending to corporates drives credit drop of 6.8 pct YoY in Apr
Bank of Greece decision bolsters Greek lenders’ capital ratios
In an unexpected move, the Bank of Greece (BoG) repealed a previous cap on the deferred tax asset (DTA) recognition in Greek banks’ Core Tier 1 (CT1) calculation, resulting in a positive impact on their capital ratios effective in the fourth quarter of 2013.
The banks’ index jumped 2.4 percent on Friday in the aftermath news of the decision with Greek bank stock gains at 12.9 percent since the beginning of the year.
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