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Credit growth unchanged in April at 4.5 pct, flow turns negative
EconomyMacroeconomyThe credit expansion in the Greek private sector was unchanged in April, rising by 4.5 percent year-on-year (YoY), Bank of Greece (BoG) figures released on Wednesday showed. At 6.3 percent, December’s 2022 growth was the highest since the summer of 2009. However, the trend had been moderating
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Rise of deposits moderates to 384 mln in April
EconomyMacroeconomyThe net private sector deposits in the Greek banking system increased in April with a rise of 384 million euros, after a 1.67-billion-euro rise in March, based on the latest Bank of Greece (BoG) figures released on Wednesday. The annual growth in April was 2.8 percent year on year (YoY), from 2.6
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Q1 GDP growth accelerates to 0.7 pct QoQ
EconomyMacroeconomyat the general meeting in April, Bank of Greece (BoG) sees 2024 growth at 2.3 percent. In its growth
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Current account deficit continues to grow, reaching 6.84 bln up to Apr
EconomyMacroeconomyGreece’s current account recorded a deficit of 2.69 billion euros in April, unchanged from the deficit in March, Bank of Greece (BoG) data showed on Thursday. In April 2023, the balance showed a deficit of 1.87 billion euros. The Bank of Greece notes that this is mainly due to a deterioration
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Travel balance rises to 1.79 bln in in first four months as arrivals increase by 20 pct
EconomyMacroeconomyGreece's travel balance recorded a surplus of 571.2 million euros in April, compared to 136.6 million euros in March, according to data released by the Bank of Greece (BoG) on Friday. April's balance was 20.3 percent higher than the 474.6 million euros recorded in April 2023. In April 2022
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Credit expansion reaches just 66 mln of inflows in May
EconomyMacroeconomyThe credit expansion in the Greek private sector was little changed in May, rising by 4.8 percent year-on-year (YoY), from 4.5 percent in the previous month, Bank of Greece (BoG) figures released on Thursday showed. The net lending flow was positive by just 66 million euros after a negative
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Corporations lead way as deposits rise by 303 mln in May
EconomyMacroeconomyThe net private sector deposits in the Greek banking system slowed in May with a rise of 303 million euros, after a 384-million-euro rise in April, based on the latest Bank of Greece (BoG) figures released on Thursday. The annual growth in May was 2.5 percent year on year (YoY), from 2.8 percent
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Current account balance continues to deteriorate as deficit up to May exceeds 9 bln
EconomyMacroeconomyGreece’s current account recorded a deficit of 2.35 billion in May, from 2.69 billion euros in April, Bank of Greece (BoG) data showed on Monday. In May 2023, the balance showed a deficit of 1.63 billion euros. The Bank of Greece notes that this is mainly due to a deterioration in the balance
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Receipts and arrivals rise in May, but spending per trip down by 12.2 pct
EconomyMacroeconomyGreece's travel balance recorded a surplus of 1.65 billion euros in May, compared to 571.2 million euros in April, according to data released by the Bank of Greece (BoG) on Tuesday. May's balance was 2.7 percent higher than the 1.61 billion euros recorded in May 2023. In May 2022, the balance
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Loans to businesses propel credit expansion of 6.1 pct YoY in June
EconomyMacroeconomyThe credit expansion in the Greek private sector picked up pace in June, rising by 6.1 percent year-on-year (YoY), from 4.8 percent in the previous month, Bank of Greece (BoG) figures released on Thursday showed. The net lending flow was positive by 3.31 billion euros after a movement of just 66
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