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Credit growth stable at 0.9 pct in Oct, led by lending to corporates
EconomyMacroeconomyCredit movement in the Greek private sector increased by 0.9 percent year-on-year (YoY) in October, from a revised 0.8 percent in September and 0.8 percent in August, Bank of Greece (BoG) figures released on Friday showed. The growth in credit expansion has remained broadly stable after reaching
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Deposits growth slows to just 11 mln in Oct
EconomyMacroeconomyThe net private sector deposit movement in the Greek banking system remained broadly stable in October, rising by just 11 million, from 441 million euros in September and an increase of 1.48 billion euros seen in August, based on Bank of Greece (BoG) figures released on Friday. The annual growth
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Loans managed by servicers rise by 10.44 bln in Q3 as banks clean up balance sheets
EconomyBankingIn the third quarter (Q3) of 2021, loans managed by Credit Servicing Firms (CSF) stood at 72.2 billion euros, according to data released by the Bank of Greece (BoG) on Thursday. This is a 10.44-billion-euro rise quarter-on-quarter, from 61.75 billion euros in Q2. At the end of last year, loans
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Banks wrap up balance sheet transactions for 2021 on path to slashing NPEs
EconomyBankingbillion euros, according to data released by the Bank of Greece (BoG). This is a 10.44-billion-euro rise
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Travel surplus of 1.27 bln in Oct as receipts reach 58 pct of 2019 levels in 10 months
EconomyMacroeconomyGreece’s travel balance recorded a surplus of 1.27 billion euros in October, from 2.06 billion euros in September, according to Bank of Greece (BoG) data released on Wednesday. The latest data is encouraging because aside from more than doubling from the roughly 490 million euros figure last year
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Private sector deposits rise by 1.83 bln in Nov, led by corporations
EconomyMacroeconomyThe net private sector deposit movement in the Greek banking system jumped by 1.83 billion euros in November, based on Bank of Greece (BoG) figures released on Wednesday. This increase came after the balance was broadly stable in October, when it rose by just 11 million, The annual growth
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Credit growth edges up to 1.1 pct in Nov
EconomyMacroeconomyCredit movement in the Greek private sector increased by 1.1 percent year-on-year (YoY) in November, from a rise of 0.9 percent in October and 0.8 percent in September, Bank of Greece (BoG) figures released on Wednesday showed. The growth in credit expansion has remained broadly stable after
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Strong surplus in Nov as travel balance nears year-end with 58.6 pct of 2019 intakes, 46.7 pct of arrivals
EconomyMacroeconomyGreece’s travel balance recorded a surplus of 173.8 million euros in November, from 1.27 billion euros in October, according to Bank of Greece (BoG) data released on Friday. The latest data on the travel front continues to be encouraging – apart from rising by more than five times compared
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Seasonal deposit rise of 4.29 bln in Dec takes total 2021 increase near to 18 bln
EconomyMacroeconomyThe net private sector deposit movement in the Greek banking system rose significantly by 4.29 billion euros, following a rise of 1.83 billion euros in November, based on Bank of Greece (BoG) figures released on Friday. The annual growth in December marginally slowed down to 9.9 pct, from 10.4
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Credit expands by 1.3 pct in Dec as loan balances drop by more than 31 bln in 2021
EconomyMacroeconomyCredit movement in the Greek private sector increased by 1.3 percent year-on-year in December, from a rise of 1.1 percent in November, and 0.9 percent in October, Bank of Greece (BoG) figures released on Friday showed. The growth in credit expansion has remained broadly stable after reaching a peak
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