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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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Travel receipts more than double in 2021, arrivals at 47 pct of 2019
EconomyMacroeconomyGreece’s travel balance recorded a surplus of 64 million euros in December, from a surplus of 173.8 million euros in November, according to Bank of Greece (BoG) data released on Tuesday. Aside from being significantly higher than the 2.2 million euros recorded in December last year, the latest
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Deposits decline by 2.23 bln in customary Jan drop
EconomyMacroeconomyThe net private sector deposit movement in the Greek banking system turned negative in January by 2.23 billion, after rising significantly by 4.29 billion euros in December, based on Bank of Greece (BoG) figures released on Friday. This is the first negative movement since January last year
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Credit growth slows to 0.9 pct in Jan as loans to enterprises record highest net outflow since 2018
EconomyMacroeconomyCredit movement in the Greek private sector slowed to 0.9 percent year-on-year in January, from a rise of 1.4 percent in December and 1.1 percent in November, 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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Loans managed by servicers rise by 7.54 bln in Q4 2021, nearing 80 bln
EconomyBankingIn the last quarter (Q4) of 2021, loans managed by Credit Servicing Firms (CSF) stood at 79.74 billion euros, according to data released by the Bank of Greece (BoG) on Wednesday. This represents a 7.54-billion-euro rise quarter-on-quarter, from 72.2 billion euros in Q3. At the end of 2020
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Property prices rise again in Q4 2021, taking full-year increase to 7.1 pct
EconomyMacroeconomyThe rise in the nominal value of apartments in Greece accelerated to 9.1 percent year-on-year (YoY) in the last quarter of 2021, from an upwards revised 8.3 percent in the third quarter, Bank of Greece (BoG) data released on Tuesday showed. This is the highest annual increase in property prices
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Travel surplus of 60.8 mln in Jan substantially higher than a year earlier
EconomyMacroeconomyGreece’s travel balance recorded a surplus of 60.8 million euros in the opening month of 2022, from 64 million euros in December, according to Bank of Greece (BoG) data released on Thursday. January’s balance was significantly higher than the 1.7 million euros recorded in January 2021, However
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