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Credit growth at 2.1 pct in Oct, but flow negative by 856 mln
EconomyMacroeconomyThe credit expansion in the Greek private sector was stable in October, rising by 2.1 percent year-on-year (YoY), unchanged from September, Bank of Greece (BoG) figures released on Tuesday showed. At 6.3 percent, last December’s growth was the highest since the summer of 2009, however, the trend
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Current account deficit to Oct plunges to 8.7 bln as energy impact eases and imports drop
EconomyMacroeconomyGreece’s current account recorded a deficit of 1.45 billion euros in October, from a deficit of 404.3 million euros in September, Bank of Greece (BoG) data showed on Thursday. In October 2022, the balance showed a deficit of 2.71 billion euros, while in October 2021 the current account posted
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Travel receipts of 19.61 bln up to Oct set new record as arrivals soar by 17 pct to over 30 mln
EconomyMacroeconomyGreece’s travel balance recorded a surplus of 1.5 billion euros in October, from 3.03 billion euros in September, according to Bank of Greece (BoG) data released on Friday. October’s balance was 10.8 percent higher than the 1.35 billion euros registered in October 2022. The balance in October 2021
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Pace of credit growth picks up in Nov, at 2.8 pct, led by loans to insurance companies
EconomyMacroeconomyThe credit expansion in the Greek private sector slightly picked up pace in November, rising by 2.8 percent year-on-year (YoY), up from 2.1 percent in October, Bank of Greece (BoG) figures released on Tuesday showed. At 6.3 percent, last December’s growth was the highest since the summer of 2009
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Fuelled by drop in corporate deposits, Nov outflow at 904 mln
EconomyMacroeconomyThe net private sector deposits in the Greek banking system contracted strongly in November, with a 904-million-euro outflow, after a negative movement of 2.14 billion euros in October, based on the latest Bank of Greece (BoG) figures released on Tuesday. The annual growth in October was 2.4
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Nov current account deficit widens to 3.3 bln, 11M falls below 12 bln
EconomyMacroeconomyGreece’s current account recorded a deficit of 3.3 billion euros in November, from a deficit of 1.45 billion euros in October, Bank of Greece (BoG) data showed on Friday. In November 2022, the balance showed a deficit of 3.91 billion euros, while in November 2021 the current account posted
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Close to 32 mln visitors by Nov as 11-month travel receipts set record
EconomyMacroeconomyGreece’s travel balance recorded a surplus of 206.2 million euros in November, from 1.5 billion euros in October, according to Bank of Greece (BoG) data released on Monday. November’s balance was 3.9 percent higher than the 198.5 million euros registered in November 2022. The balance in November
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Credit growth accelerates to 3.6 pct in Dec, led by loans to corporations
EconomyMacroeconomyThe credit expansion in the Greek private sector slightly picked up pace in December, rising by 3.6 percent year-on-year (YoY), up from 2.8 percent in November, Bank of Greece (BoG) figures released on Friday showed. At 6.3 percent, last December’s growth was the highest since the summer of 2009
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Seasonal factors lead to strong deposit growth of 6.4 bln euros in Dec
EconomyMacroeconomyThe net private sector deposits in the Greek banking system grew strongly, as is the seasonal trend, in December with a jump of 6.38 billion euros, after a negative movement of 747 million euros in November, based on the latest Bank of Greece (BoG) figures released on Friday. The annual growth
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Current account deficit drops sharply to 14.13 bln in 2023 as energy effects moderate
EconomyMacroeconomyGreece’s current account recorded a deficit of 2.25 billion euros in December, from a deficit of 3.3 billion euros in November, Bank of Greece (BoG) data showed on Tuesday. In December 2022, the balance showed a deficit of 2.71 billion euros, while in December 2021 the current account posted
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