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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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Net credit flow turns positive in Feb: 1.4 pct rise led by loans to corporations
EconomyMacroeconomyCredit movement in the Greek private sector accelerated to 1.4 per percent year-on-year (YoY) in February, from 0.9 in January and 1.4 percent also seen in December, Bank of Greece (BoG) figures released on Monday showed. The growth in credit expansion has remained broadly stable after reaching
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Start of 2022 sees back-to-back negative deposit flows for first time in three years
EconomyMacroeconomyThe net private sector deposit movement in the Greek banking system in February remained negative, though much contained at 260 million euros, from negative flow of 2.23 billion seen in January, based on Bank of Greece (BoG) figures released on Monday. The negative movements during the first two
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Travel balance improves significantly in first two months of 2022
EconomyMacroeconomyGreece’s travel balance recorded a surplus of 63 million euros in February, from 60.8 million euros in January 2022, according to Bank of Greece (BoG) data released on Thursday. February’s balance was significantly higher than the 5.4 million euros recorded in February 2021, However, lower than
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Deposits drop for third straight month as corporates lead fall of 988 mln
EconomyMacroeconomyThe net private sector deposit movement in the Greek banking system in March stayed negative and picked up pace to 988 million euros, from 260 million in February, and 2.23 billion seen in January, based on Bank of Greece (BoG) figures released on Friday. The negative movements during the first
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Credit growth edges up to 1.6 pct in Mar, led by rise in business loans
EconomyMacroeconomyCredit movement in the Greek private sector accelerated slightly to 1.6 percent year-on-year (YoY) in March, from 1.4 per percent in February, 0.9 percent in January, Bank of Greece (BoG) figures released on Friday showed. The growth in credit expansion has remained broadly stable after reaching
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Removal of restrictions boosts travel receipts in Mar
EconomyMacroeconomyGreece’s travel balance recorded a surplus of 77 million euros in March, from 63 million euros in February, according to Bank of Greece (BoG) data released on Monday. March’s balance was significantly higher than the 8.3 million euros registered in March 2021, it is also higher than the 32.5
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