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Deposits drop by 4.5 bln in Jan, reversing previous month's marked increase
EconomyMacroeconomyThe net private sector deposit movement in the Greek banking system dropped by 4.5 billion euros in January, reversing December’s impressive rise, when it jumped by 5 billion euros, based on the latest Bank of Greece (BoG) figures released on Tuesday. December is traditionally a month of solid
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Credit expansion for private sector grows 5.7 pct YoY in Jan, but flow turns negative
EconomyMacroeconomyCredit movement in the Greek private sector slightly decelerated in January but still recorded a solid rise of 5.7 percent year-on-year (YoY), from 6.3 percent in December, Bank of Greece (BoG) figures released on Tuesday showed. After a recent peak of 3.7 percent growth in February 2021, credit
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Property prices grow by 12.2 pct in Q4, as 2022 sees rise of 11.1 pct
EconomyMacroeconomyThe increase in the nominal value of apartments in Greece remained on a solid footing in Q4 2022, rising by 12.2 percent year-on-year (YoY), from an upwards revised 11.7 percent in Q3, Bank of Greece (BoG) data released on Wednesday showed. The latest figure is the highest since before the debt
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Strong start for travel receipts in Jan, rising by 72 pct YoY to 224.2 mln
EconomyMacroeconomyGreece’s travel balance recorded a surplus of 26.3 million euros in January, from 71 million euros in December, according to Bank of Greece (BoG) data released on Tuesday. January’s balance was 40.2 percent lower from the 44 million euros registered in January 2022. Higher than the 1.7 million
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Feb sees back-to-back drops in deposits, landing 6 bln off recent high
EconomyMacroeconomyThe net private sector deposit movement in the Greek banking system dropped further in February, down by 1.46 billion euros, after having declined by 4.5 billion euros in January, based on the latest Bank of Greece (BoG) figures released on Monday. The annual growth in February was 2.9 percent
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Credit growth slows in Feb, loans balance stable at 113.35 bln
EconomyMacroeconomyCredit movement in the Greek private sector decelerated further in February, still recording a rise of 4.8 percent year-on-year (YoY), from 5.7 percent in January, Bank of Greece (BoG) figures released on Monday showed. After a previous peak of 3.7 percent growth in February 2021, credit expansion
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Current account deficit narrows to 1.32 bln in Feb as oil impact wanes
EconomyMacroeconomyGreece’s current balance in the second month of 2023 came to a deficit of 1.32 billion euros, from a narrow deficit of 125.2 million euros in January, Bank of Greece (BoG) data showed on Thursday. In February 2022, the balance showed a deficit of 2.34 billion euros, while in February 2021
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Boost for travel balance as arrivals rise by 83.5 pct in first two months of 2023
EconomyMacroeconomyGreece’s travel balance recorded a surplus of 106.8 million euros in February, from 26.3 million euros in January, according to Bank of Greece (BoG) data released on Friday. February’s balance was 94.6 percent higher from the 54 million euros registered in February 2022. Higher than the 5.4 million
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Deposits surge by 2.32 bln in March, driven by households
EconomyMacroeconomyThe net private sector deposit movement in the Greek banking system picked up in March, rising by 2.32 billion euros, after dropping by 1.46 billion euros, based on the latest Bank of Greece (BoG) figures released on Tuesday. The annual growth in March was 4.5 percent year-on-year (YoY), from 2.6
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Loans to corporations drive credit growth of 5.1 pct YoY in March
EconomyMacroeconomyThe pace of credit movement in the Greek private sector increased slightly in March, moving up by 5.1 percent year-on-year (YoY), after a rise of 4.8 percent in February, Bank of Greece (BoG) figures released on Tuesday showed. Credit expansion slowed down in the months following February 2021
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