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Credit growth in January rises to 3.7 pct even as flow turns negative
EconomyMacroeconomyCredit movement in the Greek private sector rose an annual 3.7 percent in January after an increase of 3.5 percent in December, Bank of Greece (BoG) figures showed on Thursday. The annual rate of credit growth is now the highest it has been since February 2010 when it came to 3.8 percent. However
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Apartment prices rise by 2.6 pct in Q4, increase 4.2 pct in 2020
EconomyMacroeconomyThe rise in the nominal value of apartments in Greece came to 2.6 percent year-on-year (YoY) in the fourth quarter (Q4) of 2020 from an increase of 3.5 percent in Q3 2020, Bank of Greece (BoG) data showed on Tuesday. According to the data, on average, house prices increased by 4.2 percent in 2020
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Travel balance falls by 97.6 pct in January
EconomyMacroeconomyGreece’s travel balance came to 2.4 million euros in January from 54.9 million a year ago, Bank of Greece (BoG) data has shown. This is equal to a decrease of 97.6 percent year-on-year (YoY). Receipts came to 25.4 million euros for the month, falling by 90.9 percent YoY. Travel payments decreased
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Deposits rose by 741 mln in February, led by higher sight savings
EconomyMacroeconomyNet deposit movements in the Greek banking system were positive by 741 million euros in February, compared with outflows of 1.19 billion euros in January, Bank of Greece (BoG) figures revealed on Friday. The outstanding balance of private sector deposits increased to 162.9 billion euros, reflecting
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Credit growth in February unchanged 3.7 pct; monthly flows resume growth
EconomyMacroeconomyCredit movement in the Greek private sector rose an annual 3.7 percent in February, the same rate as in January, Bank of Greece (BoG) figures showed on Friday. The annual rate of credit growth is the highest it has been since February 2010 when it came to 3.8 percent. The net lending flow turned
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Travel balance falls by 89.3 pct in February
EconomyMacroeconomyGreece’s travel balance came to a surplus of 7.6 million euros in February from 70.7 million a year ago, Bank of Greece (BoG) data has shown. This is equal to a decrease of 89.3 percent year-on-year (YoY). Receipts came to 23.4 million euros for the month, falling by 89.4 percent YoY. Travel
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Deposits rose by 1.66 bln in March to highest since 2012
EconomyMacroeconomyNet deposit movements in the Greek banking system were positive by 1.66 billion euros in March, compared with inflows of 741 million euros in February, Bank of Greece (BoG) figures revealed on Thursday. The outstanding balance of private sector deposits increased to 164.8 billion euros, reflecting
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Credit growth in March slows to 2.9 pct; monthly inflow 403 mln
EconomyMacroeconomyCredit movement in the Greek private sector rose an annual 2.9 percent in March, compared with 3.7 percent in February, Bank of Greece (BoG) figures showed on Thursday. The net lending flow was positive for a second month, with a 403 million-euro net increase in lending, compared with a 281 million
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Apartment prices rise 3.2 pct in Q1
EconomyMacroeconomyThe rise in the nominal value of apartments in Greece came to 3.2 percent year-on-year (YoY) in the first quarter (Q1) of 2021 from a revised increase of 2.5 percent in Q4 2020, Bank of Greece (BoG) data showed on Tuesday. According to the data, on average, house prices increased by a revised 4.3
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Central government debt rises 6.79 bln to 380.8 bln in Q1
EconomyMacroeconomyby the (EIB), came to 7.97 billion, while loans held by the BoG were almost unchanged at 1.44 billion
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