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Greek time deposit rate down to 1.88 pct in November, lowest since euro entry
EconomyMacroeconomydeposit rate reached a high of just over 5 percent in June 2012 and has slipped by more than 3... percent. On the flipside, the rate in consumer loans without a defined maturity (mainly credit cards
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Newsletter 10 - 09/01/2015
of the 11.4 billion inflows recorded in the second half of that year in the aftermath of the June... to stem the immediate cash flow problems? * The credit crunch affecting Greece’s real economy
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Newsletter 12 - 23/01/2015
and much lower than those before the June 2012 elections. The BoG has officially stated... into issues such as how to overcome the credit crunch for small and medium-sized enterprises. Instead
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Commission slashes 2015 Greek growth forecast to 0.5 pct, sees debt rising
Economywith the EU and the IMF by June, the EC downgrades its GDP growth estimates for 2015 to 0.5 percent..., uncertainty is taking a heavy toll on investment, which is also suffering from constrained credit
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Uptick in time deposit rates, mixed trends in corporate loans
EconomyMacroeconomyin the months prior to June 2012 elections, this time the lack of competition does not put any pressure..., while the February rate of 2.36 indicated the lowest reading since 2002. On the consumer credit front
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How Greek banks were left on the brink
Agoraand June 19, the ECB Governing Council has decided to increase the ELA cap for Greek banks by around 9... loss reserves - LLRs) against credit risk rose by more than 1 billion euros in the course of Q1
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Tsipras opts for referendum, leaving many issues open
PoliticsGreek Politicsas Greece’s programme extension is due to run out on June 30 and Greek banks will no longer... to be in arrears to the Fund by the time the referendum is held. Non-payment is credit negative
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Three months on from imposition of capital controls, some restrictions being relaxed
EconomyThree months after the imposition of capital controls on June 29, the Finance Ministry outlined on Monday the restrictions or relaxations that are currently in effect. Although the daily withdrawal... • The use of credit or debit cards as well as electronic transactions via e-banking within Greece
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Marginal changes in loan and deposit rates in Sept
EconomyMacroeconomycontrols in late June. Note that the top-4 banks control more than 95 percent of the Greek deposit market... credit cards) slipped by 4 bps to 14.6 percent. Furthermore, the interest rate in loans to sole
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Marked improvement for budget execution in Oct, primary surplus outperformance extended
EconomyMacroeconomyof taxpayers pay their respective tax via credit cards in 6-12 monthly installments. However, the state... June. Overall, PIB posted a surplus of 274 million in the 10-month period compared to a target
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