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Athens submits APS plan aiming to remove up to 30 bln of NPLs from bank balance sheets
EconomyBankingit will be approved by Brussels. The BoG proposed that banks transfer some of their non-performing exposures (NPEs
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Travel balance up by 9.6 pct in July, German visitors continue to fall
EconomyMacroeconomyGreece’s travel balance rose to 3.40 billion euros in July from 3.10 billion a year ago, Bank of Greece (BoG) data has shown. This equates to an increase of 9.6 percent year-on-year (YoY). Receipts came to 3.65 billion euros for the month, increasing by 11.1 percent YoY. Travel payments also
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Credit contraction stays at 0.1 pct in August, balance at 159.90 bln
EconomyMacroeconomyCredit contraction in the Greek market stayed at 0.1 percent in August, unchanged from July, Bank of Greece (BoG) figures showed on Wednesday. As a result, the outstanding balance came to 159.90 billion from 160.33 billion in the previous month. The net lending flow remained negative for a second
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Deposits rise by 1.02 bln in August
EconomyMacroeconomyNet deposit movement in the Greek banking system stayed positive by 1.02 billion euros in August following an increase of 1.60 billion euros in July, Bank of Greece (BoG) figures revealed on Thursday. August’s movement marks the sixth continuous positive increase in deposits in the year so far
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Overall loan interest rate edges up to 4.68 pct in August
EconomyMacroeconomyThe overall weighted average interest rate on all new loans to households and non-financial corporations came to 4.68 percent in August, up 11 basis points (bps) from the rate of 4.57 noted in July, data from the Bank of Greece (BoG) showed on Wednesday. At the same time, the spread between loan
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Newsletter 222 -04/10/2019
the Bank of Greece (BoG) showed this week. At the same time, the spread between loan and deposit rates
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Newsletter 223 -11/10/2019
lenders. The Hellenic Financial Stability Fund (HFSF) and the Bank of Greece (BoG) worked on two
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Building permits increase by 18.5 pct in July
EconomyMacroeconomy. The most recent quarterly Bank of Greece (BoG) figures showed that apartment prices rose by 7.7
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Travel balance up by 14.4 pct in August, 8-month receipts show rise of 13.6 pct
EconomyMacroeconomyGreece’s travel balance rose to 3.93 billion euros in August from 3.43 billion a year ago, Bank of Greece (BoG) data has shown. This is equal to an increase of 14.4 percent year-on-year (YoY). Receipts came to 4.12 billion euros for the month, increasing by 16.1 percent YoY. Travel payments also
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Deposits drop by 622 mln in Sept after six months of inflows
EconomyMacroeconomyNet deposit movement in the Greek banking system turned negative by 622 million in September following inflows of 1.02 billion in August, Bank of Greece (BoG) figures revealed on Tuesday. September’s movement marks the first negative flow after six months of positive inflows. The outstanding
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