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
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In an unexpected move, the Bank of Greece (BoG) repealed a previous cap on the deferred tax asset (DTA) recognition in Greek banks’ Core Tier 1 (CT1) calculation, resulting in a positive impact on their capital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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