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Loans managed by servicers stabilise near 87 bln in Q3 as securitisations conclude
EconomyMacroeconomyThe universe of loans managed by Credit Servicing Firms (CSF) has stabilised since Q1 this year and in Q3 it stood at 86.8 billion euros, according to data released by the Bank of Greece (BoG) on Friday. This represents a minor drop of roughly 200 million euros quarter-on-quarter During 2022
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Arrivals nearly double year-on-year in 10M, travel receipts exceed 17 bln
EconomyMacroeconomyGreece’s travel balance recorded a surplus of 1.31 billion euros in October, from 2.67 billion euros in September, according to Bank of Greece (BoG) data released on Thursday. October’s balance was higher than the 1.13 billion euros registered in October 2021. It was also higher than the 489.6
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Deposit flow records back-to-back drop of 591 mln in Nov amid grip of cost-of-living crisis
EconomyMacroeconomyThe net private sector deposit movement in the Greek banking system in November stayed negative with a drop of 591 million euros, after another drop of 550 million euros in October, based on Bank of Greece (BoG) figures released on Thursday. After six months of growth, the flow of deposits
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Nov sees 5 pct rise in loans, led by corporations and consumer credit
EconomyMacroeconomyCredit movement in the Greek private sector slightly slowed in November, rising by 5 percent year-on-year (YoY), from 5.3 percent in October, and 6 percent in September, Bank of Greece (BoG) figures released on Thursday showed. The growth in credit expansion had remained broadly stable after
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Travel balance up to Nov reaches 15.62 bln, arrivals down 11 pct on 2019
EconomyMacroeconomyGreece’s travel balance recorded a surplus of 180 million euros in November, from 1.31 billion euros in October, according to Bank of Greece (BoG) data released on Monday. November’s balance was higher than the 154.8 million euros registered in 2021. It was also higher than the 33.3 million euros
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Deposits record growth of 5 bln in Dec, balance at highest since summer 2011
EconomyMacroeconomyThe net private sector deposit movement in the Greek banking system turned positive in December with a jump of 5 billion euros, after a drop of 591 million euros in November, based on Bank of Greece (BoG) figures released on Friday. After the first back-to-back drop since March this year, December
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Loans grow by 6.3 pct in Dec, highest since 2009
EconomyMacroeconomyCredit movement in the Greek private sector accelerated in December, rising by 6.3 percent year-on-year (YoY), from 5 percent in November, and 5.3 percent in October, Bank of Greece (BoG) figures released on Friday showed. After a recent peak of 3.7 percent growth in February 2021, credit
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Travel balance of 15.7 bln in 2022 beats 2019 levels, arrivals yet to catch up
EconomyMacroeconomyGreece’s travel balance recorded a surplus of 71 million euros in December, from 180 million euros in November, according to Bank of Greece (BoG) data released on Tuesday. December’s balance was broadly unchanged from the 73.4 million euros registered in 2021. It was also higher than the 2.2
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Deposits drop by 4.5 bln in Jan, reversing previous month's marked increase
EconomyMacroeconomyThe net private sector deposit movement in the Greek banking system dropped by 4.5 billion euros in January, reversing December’s impressive rise, when it jumped by 5 billion euros, based on the latest Bank of Greece (BoG) figures released on Tuesday. December is traditionally a month of solid
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Credit expansion for private sector grows 5.7 pct YoY in Jan, but flow turns negative
EconomyMacroeconomyCredit movement in the Greek private sector slightly decelerated in January but still recorded a solid rise of 5.7 percent year-on-year (YoY), from 6.3 percent in December, Bank of Greece (BoG) figures released on Tuesday showed. After a recent peak of 3.7 percent growth in February 2021, credit
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