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Bank of Greece sees 0.5pct growth in 2014 but warns of political risks
EconomyMacroeconomypercent. The recovery is attributed to a deceleration of the drop in consumption due to a slower.... The highest increase in the first half of the year was recorded in corporate loans, up by 5.8 pp to 29.2 percent, followed by consumer credit (up 5 pp to 43.8 percent) and housing loans (up 2.6 pp to 24
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Banks saw asset quality and liquidity trends improve in Q4 but process interrupted in 2017
Agoraof sharp drop in impairment losses, cost containment, modest net interest income (NII) growth... percent, while the cash coverage ratio edged up to 69.5 percent. As expected, the NPE pile fell... stayed almost flat QoQ in Q4, while the full year figure edged up 0.9 percent. The NII performance
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Greek industrial turnover posts rise of 1.8 pct in September after earlier drop
EconomyMacroeconomypercent drop in August, according to the Hellenic Statistical Authority (ELSTAT). Note that historical... (+1.7 percent), while the industrial turnover for the euro area countries was marginally up by 0.2..., capital goods and consumer non-durables recorded a drop of 5.6, 3.3 and 0.7 percent respectively
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Drop in corporate loan rates led the average loan rate at a new historic low
EconomyMacroeconomyconsiderable drop by 52 bps to 5.59 percent for loans up to 250,000 euros. For higher loan amounts... on new deposits eased by 1 basis point (bp) to 1.09, largely reflecting a 5 bps drop... percent. The interest rate in loans to sole proprietors slipped by 8 bps to 7.65 percent. The drop
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ELA funding down by 1.48 bln in July for first monthly drop since May 2014
EconomyMacroeconomy. This was the first drop in central bank funding since September 2014. The absolute figures showed... to a month-on-month drop in the Emergency Liquidity Assistance (ELA) funding by 1.48 billion euros to 85.29... up by EFSF bonds Greek banks received in 2013 by the Hellenic Financial Stability Fund (HFSF
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Industrial production back on downward trajectory with 1.9 pct drop in Oct
EconomyMacroeconomysouth in October but the biggest drop was posted by mining and quarrying production (-12.5 percent), which makes up just a fraction of the total index. Manufacturing and electricity production decreased... month by 1.2 percent in October after a 1.8 percent month on month drop in September. The monthly
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Drop in CPI accelerates to 0.7 pct in Jan
EconomyMacroeconomy) compared to that posted in December (-0.3 percent), which is fully attributed to a drop in goods’ index by 1.4 percent, while services index edged up for the second straight month by 0.2 percent in January. The decline in January CPI primarily largely reflects a drop in clothing and footwear
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Retail sales down 7.3 pct in Feb for highest drop since July 2015
EconomyMacroeconomyin February from a revised 3.5 percent drop in January, Hellenic Statistical Agency (ELSTAT) figures showed... of 6.6 percent in February from 1.7 percent in January. The bih drop in February retail sales... percent). In contrast, the turnover in pharmaceutical products and cosmetics edged up by 0.8 percent
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Apartment prices drop by 2.7 pct in Q2, slowest rate since Q1 2010
EconomyMacroeconomya marginal drop by 0.1 percent in Q1. The breakdown shows that the prices of new apartments (up to 5 years... decrease recorded in 2014. The biggest drop of 11.7 percent over the past seven years has been... prices are projected to further drop by 5 percent in 2016 and by another 1 percent in 2017, according
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Marginal drop in time deposit rate, sharp decline in corporate lending rates in Feb
EconomyMacroeconomyaverage rate of 0.43 percent. The slight drop in the time deposit rate led the weighted average rate... The floating interest rate in new corporate loans recorded a sharp drop of 72 bps, mostly reflecting... a fixed maturity (mostly credit cards) edged up 3 bps to 14.54 percent. The housing loan rate rose
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