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Credit for corporates propels credit growth to 10 pct YoY in Nov
EconomyMacroeconomyThe credit expansion in the Greek private sector accelerated in November, rising by 10 percent year-on-year (YoY), from 9.1 percent in the previous month, Bank of Greece (BoG) figures released on Thursday showed. The net lending flow was positive by 1.93 billion euros after a movement of 1.88
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Current account deficit widens to 3.15 bln in Nov, at 11.52 bln in 11M
EconomyMacroeconomyGreece’s current account remained in deficit in November, widening to 3.15 billion, from 383.2 million euros in October, Bank of Greece (BoG) data showed on Monday. In November 2023, the balance showed a deficit of 3.18 billion euros. The Bank of Greece notes that this is mainly due
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Despite lower spend per trip, record arrivals push travel balance to 18.77 bln in 11M
EconomyMacroeconomyGreece's travel balance recorded a surplus of 419.9 million euros in November, compared to 1.94 billion euros in October, according to data released by the Bank of Greece (BoG) on Tuesday. The November balance was 82.7 percent higher than the 229.9 million euros recorded in November 2023
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Seasonal rise in Dec pushes deposits above 200 bln mark for first time since 2011
EconomyMacroeconomyThe private sector deposits in the Greek banking system ended the year strongly in December with a net increase of 5.65 billion euros, after a 2.27-billion-euro rise in November, according to the latest Bank of Greece (BoG) figures released on Wednesday. The annual growth in December was 4.5
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Loans to corporations drive credit expansion of 8.9 pct YoY in Dec
EconomyMacroeconomyThe credit expansion in the Greek private sector remained strong in December, rising by 8.9 percent year-on-year (YoY), from 10 percent in the previous month, Bank of Greece (BoG) figures released on Wednesday showed. The net lending flow was positive by 3.05 billion euros after a movement of 1.93
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Current account deficit widens to 15.13 bln in 2024
EconomyMacroeconomyGreece’s current account remained in deep deficit in December, widening to 3.6 billion, from 3.15 billion euros in November, Bank of Greece (BoG) data showed on Thursday. In December 2023, the balance showed a deficit of 2.92 billion euros. The Bank of Greece notes that this is mainly due
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Growth of travel receipts in 2024 slows to 5.4 pct as arrivals go past 35 mln-mark
EconomyMacroeconomyGreece's travel balance recorded a surplus of 149.9 million euros in December, compared to 419.9 million euros in November, according to data released by the Bank of Greece (BoG) on Friday. The December balance was 53.4 percent higher than the 97.7 million euros recorded in December 2023. Receipts
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Private sector deposits fall back below 200-bln-mark in Jan, led by coprorations
EconomyMacroeconomyThe private sector deposits in the Greek banking system started the new year with a sharp decline in January, with a net decrease of 4.79 billion euros, after a 5.59-billion-euro rise in December, according to the latest Bank of Greece (BoG) figures released on Thursday. The annual growth
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Credit expansion picks up pace in Jan with 10 pct YoY rise
EconomyMacroeconomyThe credit expansion in the Greek private sector remained strong in January, rising by 10 percent year-on-year (YoY), from 8.9 percent in the previous month, Bank of Greece (BoG) figures released on Thursday showed. The net lending flow was negative by 1.67 billion euros after a positive movement
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Newsletter 453 - 28/02/2025
the EU. German visitors lead with 5.33 million visitors. On the assumption of 10 pct tariffs, BoG had
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