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Corporate lending leads credit to 5.5 pct growth in Jul, highest since Sep 2009
EconomyMacroeconomy. The outstanding balance increased to 113.34 billion euros, from 112.85 billion euros in June. The corporate lending balance’s net monthly flow was positive by 608 million euros in July, from 1.98 billion... by 401 million euros. The balance stood at 61.83 billion euros. Credit to insurance corporations
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Despite strong annual growth, flow of loans to enterprises in Aug at lowest since Jan
EconomyMacroeconomyin July. The outstanding balance increased to 113.35 billion euros, from 113.34 billion euros in July. The corporate lending balance’s net monthly flow was positive by 182 million euros, slowing down.... The balance stood at 62.12 billion euros. Credit to insurance corporations showed a net monthly outflow of 27
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Current account deficit widens to 2.4 bln in Mar, oil deficit more than doubles
EconomyMacroeconomyeuros in February, Bank of Greece (BoG) data showed on Monday. In March 2022, the balance showed... euros. The deficit for the balance of goods also widened in March and came to 2.61 billion euros... billion euros, from 4.45 billion in March 2022. The impact of fuel has intensified as the oil balance
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Budget reaches 8.63 bln primary surplus in 2024 thanks to tax outperformance and underspend
EconomyMacroeconomyThe budget primary balance closed the year with a surplus of 8.63 billion euros up to December.... For the full year, the primary balance came in 3.99 billion euros above the target. The ministry notes..., the positive difference of the Primary Balance against the target amounts to 735 million, of which
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IMF insists fiscal targets unrealistic, cites historical evidence to support case
EconomyProgrammeof previous fiscal consolidations of similar nature to Greece’s where the primary balance improved... the improvement path as in the overwhelming majority of cases the primary balance deteriorated after... the primary balance deteriorates by -3/4 percentage points of GDP each year. Out of those 55 cases
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Piraeus Bank posts net profit of 24 mln in Q2, ELA funding fully eliminated
EconomyBankingto reduce the balance of bad loans on its books. In May and July, the bank announced the signing..., relates to secured shipping loans. Piraeus Bank expects to reduce the NPE balance to under 20 billion euros by 2020, and the NPL balance to under 10 billion euros. P&L As mentioned, NII stood at 699 million
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NBG results show net profits of 409 mln euros on strong trading income in Q1
EconomyBankingto deal with the current uncertainty. “NBG’s balance sheet strengths and strategic flexibility..., services related to air transportation, the media, retail trade, machinery and equipment. Over 56 percent... billion in loan balances. It has also participated in all government Covid 19 support schemes, including
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Budget surplus overshoots 11M target due to lower primary expenditure, investment spending
EconomyMacroeconomybalance in the first 11 months was confirmed at a surplus of 2.56 billion euros, staying positive for third straight month after four months of negative balances. For the same period last year, the balance...The budget primary balance was confirmed at a surplus of 7.63 billion euros in the first 11 months
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GDP shows annual growth of 2.2 pct in Q3
EconomyMacroeconomy) showed that in September, the services balance improved to 2.81 billion from 2.74 billion... movement in Q3 was driven by exports of goods and services rising by 2.8 percent QoQ, led primarily by exports of services which rose by 3.8 percent QoQ. Imports of goods and services rose by 7.5 percent
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Q3 GDP slips 0.9 pct QoQ on lower private consumption and investment
EconomyMacroeconomythat the difference to flash estimates is attributed to September balance of payments and quarterly date related to the turnover indices for the services industries and unemployment, which were... of goods and services fell by 7.1 percent QoQ in Q3 after a marginal decrease by 0.5 percent in Q2
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