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Corporate loans lead 6.6 pct YoY growth in lending
EconomyMacroeconomyThe credit expansion in the Greek private sector decelerated its pace in September, rising by 6.6 percent year-on-year (YoY), from 6.9 percent in the previous month, Bank of Greece (BoG) figures released on Friday showed. The net lending flow was positive by just 1.94 billion euros after a movement
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Current account deficit at 7.67 bln for 9M as goods balance deteriorates
EconomyMacroeconomyGreece’s current account was back in deficit in September, widening to 316.5 million, from a 651.3 million euros surplus in August, Bank of Greece (BoG) data showed on Wednesday. In September 2023, the balance showed a deficit of 260.5 million euros. The Bank of Greece notes that this is mainly due
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Travel receipts recover in Sep, up 4.1 pct in 9M to 18.76 bln
EconomyMacroeconomyGreece's travel balance recorded a surplus of 3.58 billion euros in September, compared to 4.02 billion euros in August, according to data released by the Bank of Greece (BoG) on Thursday. August's balance was 9.4 percent higher than the 3.1 billion euros recorded in September 2023. In September
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Credit to corporations leads credit growth of 9.1 pct YoY in Oct
EconomyMacroeconomyThe credit expansion in the Greek private sector accelerated in October, rising by 9.1 percent year-on-year (YoY), from 6.6 percent in the previous month, Bank of Greece (BoG) figures released on Thursday showed. The net lending flow was positive by 1.88 billion euros after a movement of 1.94
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Deposits drop by 2.26 bln in Oct to 195.51 bln
EconomyMacroeconomyThe net private sector deposits in the Greek banking system contracted in October with a drop of 2.26 billion euros, after a 2.32-billion-euro rise in September, according to the latest Bank of Greece (BoG) figures released on Thursday. The annual growth in October was 3.3 percent year on year (YoY
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Property price growth slows to 7.8 pct YoY in Q3, index near prior all-time high
EconomyMacroeconomyThe growth in the nominal value of apartments in Greece slowed in the third quarter of 2024, increasing by 7.8 percent year-on-year (YoY) from an upwards revised 9.4 percent in Q2 2024, Bank of Greece (BoG) data released on Tuesday showed. There has been a gradual slowdown from the growth peak
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GDP growth slows to 0.3 pct QoQ, investments underwhelm
EconomyMacroeconomyreport that was published in October, Bank of Greece (BoG) sees 2024 growth at 2.2 percent, and 2.5 pct
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Current account deficit at 8 bln after 10M as goods deficit widens
EconomyMacroeconomyGreece’s current account remained in deficit in October, widening to 383.2 million, from 316.5 million euros in September, Bank of Greece (BoG) data showed on Friday. In October 2023, the balance showed a deficit of 1.21 billion euros. The Bank of Greece notes that this is mainly due
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Solid Oct for travel receipts takes 10M figure to new record of 20.94 bln
EconomyMacroeconomyGreece's travel balance recorded a surplus of 1.94 billion euros in October, compared to 3.58 billion euros in September, according to data released by the Bank of Greece (BoG) on Tuesday. October balance was 18.6 percent higher than the 1.64 billion euros recorded in October 2023. In October 2022
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Corporations drive sharp rise for deposits in Nov, reaching 198.01 bln
EconomyMacroeconomyThe private sector deposits in the Greek banking system rose sharply in November with a net increase of 2.27 billion euros, after a 2.26-billion-euro contraction in October, according to the latest Bank of Greece (BoG) figures released on Thursday. The annual growth in November was 5 percent year
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