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June deposit outflow rises to 7.58 bln as total balance drops to lowest in 12 years
EconomyMacroeconomyGreek private sector deposit outflows accelerated to 7.58 billion euros in June from 3.86 billion in May, according to the Bank of Greece (BoG). The outstanding balance fell further to 122.23 billion, which is the lowest reading in more than 12 years, since November 2003. In addition, June outflows
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Drop in corporate loan rates led the average loan rate at a new historic low
EconomyMacroeconomyGreek households’ new time deposit rate remained at 1.81 percent in June unchanged from the previous month, according to the Bank of Greece (BoG). This means that despite the extended deposit outflows of around 43 billion since December, the rate on new time deposits was kept stable over
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Rate of drop in apartment prices picks up again in Q2
EconomyMacroeconomyAfter decelerating in the preceding seven quarters, the drop in Greek apartment prices accelerated to 5.6 percent in the second quarter (Q2) of 2015 from a revised 4.1 percent in Q1, according to the Bank of Greece (BoG). The Q2 headline figure is the 25th straight negative reading since Q1 2009
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Accommodation and food services index rises by 13.4 pct in Q2
EconomyMacroeconomyat a mere 1.2 percent. The first-half figures published by the Bank of Greece (BoG) last month
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Piraeus Q3 trading update shows significant acceleration in NPL formation
EconomyBankingbasis points (bps) to 110 bps in September from 174 bps in June. This is in line in Bank of Greece (BoG
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Travel receipts rebound by 7.3 pct in August, partly reflecting higher spending per trip
EconomyMacroeconomyGreece's travel receipts rose by 7.3 percent in August, more than double the previous month’s rate of 3.5 percent, Bank of Greece (BoG) figures indicated on Thursday. The absolute figures showed travel receipts stood at 3.4 billion in August with the corresponding payment up 10 percent to 214
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Marginal changes in loan and deposit rates in Sept
EconomyMacroeconomyAfter a sharp reduction of 62 basis points (bps) in the preceding two months, Greek households’ new time deposit rate remained broadly stable at 1.18 percent in September from 1.19 percent in August, Bank of Greece (BoG) figures showed on Monday. The September rate is the lowest reading since 2002
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Travel receipts fall by 5.4 pct in Sept for first drop in 2015
EconomyMacroeconomyGreece's travel receipts fell by 5.4 percent in September after rising by 7.3 percent in August, Bank of Greece (BoG) data showed on Monday. The September headline figure is the first negative reading in the course of 2015. In absolute terms, travel receipts landed at 2.13 billion euros
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Central gov’t debt rises to 314.6 bln in Q3 on eurozone tranche and GGB redemptions
Economy) and BoG loans (-0.5 billion). The increase in the FSM loans incorporates a disbursement
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Time deposit rate slips 12 bps in Oct, average loan rate rises by 29 bps
EconomyMacroeconomyAfter remaining almost flat in September, Greek households’ new time deposit rate fell by 12 basis points (bps) to 1.06 percent in October, Bank of Greece (BoG) data showed on Wednesday. The October rate corresponds to a new low in the period since Greek joined the euro. The cumulative drop by 75
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