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Credit net flows remain negative in Aug, growth at just 0.9 pct YoY
EconomyMacroeconomyThe pace of credit expansion in the Greek private sector continued to slide in August, rising by 0.9 percent year-on-year (YoY), from 1.2 percent in July, Bank of Greece (BoG) figures released on Wednesday showed. At 6.3 percent, last December’s growth was the highest since the summer of 2009
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Mixed picture for deposits continues in Aug with rise of just 190 mln
EconomyMacroeconomyThe net private sector deposit movement in the Greek banking system was marginally positive in August with a 190-million-euro inflow, after dropping by 136 million euros in July, based on the latest Bank of Greece (BoG) figures released on Wednesday. The annual growth in August was 3.2 percent year
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Current account deficit drops further, at 6.85 bln up to Aug from 11 bln last year
EconomyMacroeconomyGreece’s current account produced a surplus of 497.7 million euros in August, from a surplus of 827.5 million euros in July, Bank of Greece (BoG) data showed on Friday. In August 2022, the balance showed a surplus of 477.7 million euros, while in August 2021 the current account posted a surplus
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Travel receipts of 14.66 bln to Aug beat last year, head for all-time record
EconomyMacroeconomyGreece’s travel balance recorded a surplus of 4.11 billion euros in August, from 3.88 billion euros in July, according to Bank of Greece (BoG) data released on Monday. August’s balance was 4 percent higher than the 3.95 billion euros registered in August 2022. The balance in August 2021 was 3.02
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Led by lending to corporations, pace of credit growth rises to 2.1 pct in Sep
EconomyMacroeconomyThe credit expansion in the Greek private sector picked up pace in September, rising by 2.1 percent year-on-year (YoY), from 0.9 percent in August, Bank of Greece (BoG) figures released on Wednesday showed. At 6.3 percent, last December’s growth was the highest since the summer of 2009, however
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Deposits reach highest since May 2011 with 2.23 bln rise in Sep
EconomyMacroeconomyThe net private sector deposit movement in the Greek banking system was strong in September, with a 2.23-billion-euro inflow, after a marginal movement of 190 million euros in August, based on the latest Bank of Greece (BoG) figures released on Wednesday. The annual growth in September was 3.4
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Significant improvement in oil balance reduces 9M current account deficit to 7.25 bln
EconomyMacroeconomyGreece’s current account recorded a deficit of 404.3 million euros in September, from a surplus of 497.7 million euros in August, Bank of Greece (BoG) data showed on Monday. In September 2022, the balance showed a deficit of 850 million euros, while in September 2021 the current account posted
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Rise of 17.3 pct in arrivals by Sept means receipts already exceed 2019 record
EconomyMacroeconomyGreece’s travel balance recorded a surplus of 3.03 billion euros in September, from 4.11 billion euros in August, according to Bank of Greece (BoG) data released on Tuesday. September’s balance was 13.5 percent higher than the 2.67 billion euros registered in September 2022. The balance
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Despite slowdown, property prices jump by 11.9 pct YoY in Q3
EconomyMacroeconomyThe growth in the nominal value of apartments in Greece stayed strong in Q3 2023, increasing by 11.9 percent year-on-year (YoY) from an upwards revised 14.5 percent in Q2 2023, Bank of Greece (BoG) data released on Thursday showed. This is a slight slowdown from the peak of Q1 2023, when prices
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Deposits drop by a sharp 2.14 bln in Oct, driven by corporations
EconomyMacroeconomyThe net private sector deposits in the Greek banking system contracted strongly in October, with a 2.14-billion-euro outflow, after an upward movement of 2.23 billion euros in September, based on the latest Bank of Greece (BoG) figures released on Tuesday. The annual growth in September was 2.5
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