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Corporations at forefront of 5.53 bln deposit inflow in May
EconomyMacroeconomyPrivate sector deposits rose sharply in May, with a net inflow of 5.53 billion euros, after a minor drop of 66 million euros in April, according to the latest Bank of Greece (BoG) figures released.... Corporate deposits rose by 4.97 billion euros, while household deposits had a net inflow of 340 million
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Primary surplus up to June at 4.48 bln as taxes continue to outperform, spending contained
EconomyMacroeconomyand the public investment budget, came to 28.21 billion euros. Net revenues were 36 billion euros... billion euros, net revenues came above the target by 1.06 billion euros, taxes were above target
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VAT and underspend drive budget outperformance in first six months
EconomyMacroeconomybillion euros. Net revenues were 36.01 billion euros. The total budget balance up to June showed... is better than the target by 2.21 billion euros. Revenues At 36.01 billion euros, net revenues are 1.08
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Corporate inflows in June push deposits to highest point since April 2010
EconomyMacroeconomyPrivate sector deposits rose strongly in June, with a net inflow of 8.76 billion euros, after a solid rise of 5.31 billion euros in May, according to the latest Bank of Greece (BoG) figures released..., while household deposits had a net inflow of 995 million euros. The breakdown of the figures
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Primary balance at 5.73 bln up to July as RRF-related spending revs up
EconomyMacroeconomyto 35.44 billion euros. Net revenues were 45.21 billion euros. The total budget balance up to July showed... is better than the target by 934 million euros. Revenues At 45.21 billion euros, net revenues came
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Budget continues to perform strongly in July as VAT beats target by over 1 bln
EconomyMacroeconomybillion euros. Net revenues were 45.26 billion euros. The total budget balance up to July showed... is better than the target by 979 million euros. Revenues At 45.26 billion euros, net revenues are 2.03
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Deposits drop by 2 bln in July, driven by corporations
EconomyMacroeconomyPrivate sector deposits moderated in July, with a net outflow of 2 billion euros, after a solid rise of 8.57 billion euros in June, according to the latest Bank of Greece (BoG) figures released... household deposits had a net inflow of 240 million euros. The breakdown of the figures for households shows
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Primary surplus at 6.5 bln up to August as taxes continue strong trend
EconomyMacroeconomyto 40.33 billion euros. Net revenues were 51.32 billion euros. The total budget balance up to August... balance is better than the target by 1.1 billion euros. Revenues At 51.32 billion euros, net revenues
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BoG urges banks to improve quality of capital, re-doubles SPV efforts
EconomyBanking, while highlighting the challenges for systemic local banks, emanating from the quality of the loan... of banks, and their ability to generate internal capital, as well as the quality of their capital. BoG... relieving banks from bad assets but also dealing with the issue of capital quality. In its annual
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Greek banks’ loan quality is deteriorating
Economythe announcement of the Greek banks’ 2014 financial results was the deterioration of the quality of their Greek... quality accelerated markedly in the first quarter of this year. Local media claimed that around 2... should create an additional provision buffer of around 1.8 billion euros for the asset quality
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