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Travel balance almost doubles in April from last year's lockdown
EconomyMacroeconomyGreece’s travel balance came to a surplus of 9.6 million euros in April from 4.9 million a year ago, when Greece was in its first lockdown, Bank of Greece (BoG) data has shown. This is equal to an increase of 97.5 percent year-on-year (YoY). Receipts came to 42.9 million euros for the month
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Deposits edged up further as they rose by 359 mln in May
EconomyMacroeconomyNet deposit movements in the Greek banking system continued to grind higher, increasing by 359 million euros in May, compared with inflows of 3.13 billion euros in April, Bank of Greece (BoG) figures revealed. The outstanding balance of private sector deposits increased to 168.1 billion euros
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Credit growth in May slows to 2.2 pct; monthly flow -17 mln
EconomyMacroeconomyCredit movement in the Greek private sector rose an annual 2.2 percent in May, compared with 2.4 percent in April, Bank of Greece (BoG) figures showed on Friday. The net lending flow was negative, with a 17 million-euro net decrease in lending compared with a decrease of 787 million euros in April
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Travel balance increases more than eightfold in May from last year’s lockdown
EconomyMacroeconomyGreece’s travel balance came to a surplus of 112.1 million euros in May from 12 million a year ago, when Greece was in its first lockdown, Bank of Greece (BoG) data has shown. This is equal to an increase of 836.3 percent year-on-year (YoY). The balance remained substantially below its May 2019
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Deposits jump by 1.62 bln in June, led by savings
EconomyMacroeconomyThe private sector’s net deposit movement in Greece’s banks accelerated in June, increasing by 1.62 billion euros, from 359 million euros in May, Bank of Greece (BoG) figures released on Tuesday showed. The outstanding balance of private sector deposits increased to 169.85 billion euros. Household
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Led by corporate lending, credit continues to grow with 2.3 pct rise in June
EconomyMacroeconomyCredit movement in the Greek private sector increased by an annual 2.3 percent in June, from a 2.2 percent rise in May, Bank of Greece (BoG) figures showed on Tuesday. The net lending flow was positive by 493 million, from a 17-million-euro net decrease seen in May. The outstanding balance
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Central government debt increases 6.53 bln to 387.3 bln in Q2
EconomyMacroeconomybillion, while loans held by the BoG dropped to 967 million. The weighted average maturity
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Travel balance increases by wide margin in June from last year's tourism collapse
EconomyMacroeconomyGreece’s travel balance came to a surplus of 689.4 million euros in June from 38.5 million a year ago, when the pandemic caused a collapse in tourism, Bank of Greece (BoG) data has shown. The balance remained below its June 2019 level, when it came to a surplus of 2.36 billion euros Receipts came
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Deposits rose by 1.84 bln in July
EconomyMacroeconomyNet deposit movements in the Greek banking system continued to rise in July, increasing by 1.84 billion euros compared with inflows of 1.62 billion euros in June, Bank of Greece (BoG) figures revealed. The outstanding balance of private sector deposits increased to 171.7 billion euros, reflecting
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Credit growth in July slows to 1.2 pct; monthly outflow of 532 mln
EconomyMacroeconomyCredit movement in the Greek private sector rose an annual 1.2 percent in July, compared with 2.3 percent in June, Bank of Greece (BoG) figures showed on Thursday. The net lending flow was negative, with a 532 million-euro net decrease in lending compared with an increase of 517 million euros
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