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Newsletter 247 -10/04/2020
be profitable by the end of the year. In the property market, according to the annual Bank of Greece (BoG
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Travel balance more than double in Feb as arrivals increase by 24.6 pct
EconomyMacroeconomyGreece’s travel balance rose to 73.7 million euros in February from 33.4 million a year ago, Bank of Greece (BoG) data has shown. This is equal to an increase of 120.3 percent year-on-year (YoY). Receipts came to 240.4 million euros for the month, increasing by 21.1 percent YoY. Travel payments
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Credit growth at 0.1 pct in March, positive for first time since 2011
EconomyMacroeconomyCredit movement in the Greek market came to 0.1 percent in March, improving from a contraction of 0.8 percent noted in February, Bank of Greece (BoG) figures showed on Wednesday. This led the outstanding balance to stand at 147.70 billion. The increase in credit to the private sector is the highest
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Deposits rise by 2.85 bln in March
EconomyMacroeconomyNet deposit movements in the Greek banking system were positive by 2.85 billion euros in March, rising from inflows of 1.06 billion in February, Bank of Greece (BoG) figures revealed on Wednesday. The outstanding balance of private sector deposits increased to 145.09 billion euros, reflecting
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Overall loan interest drops to series low of 4.06 pct in March
EconomyMacroeconomyThe overall weighted average interest rate on all new loans to households and non-financial corporations fell by 24 percentage points to 4.06 percent in March from 4.30 percent in February, data from the Bank of Greece (BoG) showed on Wednesday. The latest reading represents a series low
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Newsletter 249 -08/05/2020
percent in March from 4.30 percent in February, data from the Bank of Greece (BoG) showed. The latest
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Building permits increase by 64.3 pct in February
EconomyMacroeconomy, the size of which will depend mainly on the duration of the current special circumstances,” the BoG
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Exposure to tourism sector a concern for banks despite effort to save season
EconomyBanking. Even before the pandemic, the high NPE ratio in tourism was considered a problem by BoG, as Greece
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Deposits rise by 1.43 bln in April
EconomyMacroeconomyNet deposit movements in the Greek banking system were positive by 1.43 billion euros in April, dropping from inflows of 1.43 billion in March, Bank of Greece (BoG) figures revealed on Friday. The outstanding balance of private sector deposits increased to 146.56 billion euros, reflecting savings
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Credit growth in April marks first two successive months of expansion since 2010
EconomyMacroeconomyCredit movement in the Greek private sector increased by 0.3 percent in April, from a rise of 0.1 percent in March, Bank of Greece (BoG) figures showed on Friday. The outstanding balance stayed at 147.70 billion euros. The increase in credit to the private sector approached the last rise seen
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