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Deposits drop by 607 mln in July, led by corporate savings
EconomyMacroeconomyThe net private sector deposits in the Greek banking system shrunk in July with a drop of 607 million euros, after a 3.83-billion-euro jump in June, according to the latest Bank of Greece (BoG) figures released on Wednesday. The annual growth in July was 2.7 percent year on year (YoY), from 2.9
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GDP up by 1.1 pct QoQ, needs 2.8 pct growth in H2 to reach annual forecast
EconomyMacroeconomythat was published in June, Bank of Greece (BoG) sees 2024 growth at 2.2 percent, a slight revision
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Property prices see steady increase of 9.2 pct in Q2, pace of rise moderates further
EconomyMacroeconomyThe growth in the nominal value of apartments in Greece continued at a steady pace in the second quarter of 2024, increasing by 9.2 percent year-on-year (YoY) from an upwards revised 10.6 percent in Q1 2024, Bank of Greece (BoG) data released on Tuesday showed. There has been a gradual slowdown
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Current account hampered by goods deficit in July as travel balance drops YoY
EconomyMacroeconomyGreece’s current account was in a 246.2 million surplus in July, from 270 million euros in June, Bank of Greece (BoG) data showed on Friday. In July 2023, the balance showed a surplus of 846.7 million euros. The Bank of Greece notes that this is mainly due to a deterioration in the balance of goods
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Travel balance drops to 3.76 bln in July as expenditure per trip eases by 9.1 pct YoY
EconomyMacroeconomyGreece's travel balance recorded a surplus of 3.76 billion euros in July, compared to 2.86 billion euros in June, according to data released by the Bank of Greece (BoG) on Monday. July's balance was 5 percent lower than the 3.95 billion euros recorded in July 2023. In July 2022, the balance
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Deposits resume growth in Aug, rising to 195.36 bln
EconomyMacroeconomyThe net private sector deposits in the Greek banking system resumed growth in August with a rise of 1.4 billion euros, after a 607-million-euro drop in July, according to the latest Bank of Greece (BoG) figures released on Thursday. The annual growth in August was 3.3 percent year on year (YoY
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Modest credit growth of 102 mln in Aug, led by lending to businesses
EconomyMacroeconomyThe credit expansion in the Greek private sector accelerated its pace further in August, rising by 6.9 percent year-on-year (YoY), from 6.4 percent in the previous month, Bank of Greece (BoG) figures released on Thursday showed. The net lending flow was positive by just 102 million euros after
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Current account surplus at 651.3 mln in Aug, travel receipts drop again YoY
EconomyMacroeconomyGreece’s current account was in a 651.3-million-euro surplus in August, from 246.2 million euros in July, Bank of Greece (BoG) data showed on Monday. In August 2023, the balance showed a surplus of 611.8 million euros. The Bank of Greece notes that this is mainly due to an improvement
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Despite rising arrivals, reduced spending per trip leads to 1.7 pct drop in Aug travel receipts
EconomyMacroeconomyGreece's travel balance recorded a surplus of 4.02 billion euros in August, compared to 3.76 billion euros in July, according to data released by the Bank of Greece (BoG) on Tuesday. August's balance was 1.7 percent lower than the 4.09 billion euros recorded in August 2023. In August 2022
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Boosted by corporations, Sep deposits reach highest since Apr 2011
EconomyMacroeconomyThe net private sector deposits in the Greek banking system remained in growth in September with a rise of 2.32 billion euros, after a 1.4-billion-euro rise in August, according to the latest Bank of Greece (BoG) figures released on Friday. The annual growth in September was 3.3 percent year
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