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Deposits continue to slide in Feb with 6.5 bln loss at start of 2025
EconomyMacroeconomyThe private sector deposits in the Greek banking system continued the contraction in February, with a net decrease of 1.7 billion euros, after a 4.79-billion-euro decline in January, according to the latest Bank of Greece (BoG) figures released on Friday. The annual growth in February was 4.5
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Corporate lending drives 10.5 pct YoY rise in credit expansion
EconomyMacroeconomyThe credit expansion in the Greek private sector remained strong in February, rising by 10.5 percent year-on-year (YoY), from 10 percent in the previous month, Bank of Greece (BoG) figures released on Thursday showed. The net lending flow was positive by 1.41 billion euros after a negative movement
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Feb current account deficit improves YoY to 2.49 bln as impact of energy moderates
EconomyMacroeconomyGreece’s current account was in deficit in February of 2.49 billion, from a surplus of 1.2 billion euros in January, Bank of Greece (BoG) data showed. In February 2024, the balance showed a deficit of 3.06 billion euros. The Bank of Greece notes that this is mainly due to an improvement
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Travel surplus shrinks up to Feb as payments rise sharply
EconomyMacroeconomyGreece's travel balance recorded a surplus of 90 million euros in February, compared to 87.5 million euros in January, according to data released by the Bank of Greece (BoG) on Tuesday. The February balance was 25.8 percent lower than the 121.3 million euros recorded in February 2024. Receipts
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Credit growth stays strong at 10.3 pct YoY in Mar due to corporate lending
EconomyMacroeconomyThe credit expansion in the Greek private sector remained strong in March, rising by 10.3 percent year-on-year (YoY), from 10.5 percent in the previous month, Bank of Greece (BoG) figures released on Tuesday showed. The net lending flow was positive by 1.95 billion euros after 1.41 billion euros
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Corporations lead deposit growth in Mar as total nears 200 bln
EconomyMacroeconomyThe contraction in the Greek banking system’s private sector deposits reversed in March, with a net increase of 2.41 billion euros, after a 1.7-billion-euro decline in February, according to the latest Bank of Greece (BoG) figures released on Tuesday. The annual growth in March was 4.8 percent year
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Current account deficit widens to 3 bln in Mar, at 4.47 bln in Q1
EconomyMacroeconomyGreece’s current account recorded a deficit of 3 billion euros in March, from a deficit of 2.49 billion euros in February, Bank of Greece (BoG) data released on Wednesday showed. In March 2024, the balance showed a deficit of 2.5 billion euros. The Bank of Greece notes that this is mainly due
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Q1 travel receipts up 4.4 pct YoY, arrivals also on the rise
EconomyMacroeconomyGreece's travel balance recorded a surplus of 220.9 million euros in March, compared to 90 million euros in February, according to data released by the Bank of Greece (BoG) on Thursday. The March balance was 5.6 percent lower than the 233.9 million euros recorded in March 2024. Receipts
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Deposits slide by 795 mln in Apr, dropping to 198.37 bln
EconomyMacroeconomyThe contraction in the Greek banking system’s private sector deposits resumed in April, with a net decrease of 795 million euros, after a 2.41-billion-euro rise in March, according to the latest Bank of Greece (BoG) figures released on Friday. The annual growth in April was 4.2 percent year on year
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Credit growth stays strong in April with 10.9 pct YoY rise, credit to corporations stalls MoM
EconomyMacroeconomyThe credit expansion in the Greek private sector remained strong in April, rising by 10.9 percent year-on-year (YoY), from 10.3 percent in the previous month, Bank of Greece (BoG) figures released on Friday showed. The net lending flow was negative by 98 million euros after an inflow of 1.95
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