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Deposits continue to slide in Feb as households and firms dip into savings
EconomyMacroeconomyThe net private sector deposits in the Greek banking system contracted further in February with a drop of 1.07 billion euros, after a 5.24 billion euros drop in January, based on the latest Bank of Greece (BoG) figures released on Thursday. The annual growth in February was 3 percent year on year
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Current account records sharp deficit of 3.16 bln in Feb as goods balance deteriorates
EconomyMacroeconomyGreece’s current account recorded a deficit of 3.16 billion euros in February, from a surplus of 1.7 billion euros in January, Bank of Greece (BoG) data showed on Friday. In February 2023, the balance showed a deficit of 1.34 billion euros. The Bank of Greece notes that this is mainly due
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Travel balance rises in Feb as arrivals jump by 20.7 pct in first two months
EconomyMacroeconomyGreece's travel balance recorded a surplus of 111.7 million euros in February, compared to 112.6 million euros in January, according to data released by the Bank of Greece (BoG) on Monday. February's balance was just 1 percent higher than the 116.2 million euros recorded in February 2023
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Deposits reverse contraction in Mar with 1.67 bln growth
EconomyMacroeconomyThe net private sector deposits in the Greek banking system increased in March with a rise of 1.67 billion euros, after a 1.07 billion euros drop in February, based on the latest Bank of Greece (BoG) figures released on Friday. The annual growth in March was 2.6 percent year on year (YoY), from 3
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Credit expansion grows by 4.5 pct in Mar, driven by corporations
EconomyMacroeconomyThe credit expansion in the Greek private sector picked up even more pace further in March, rising by 4.5 percent year-on-year (YoY), up from 3.8 percent in February, Bank of Greece (BoG) figures released on Friday showed. At 6.3 percent, December’s 2022 growth was the highest since the summer
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Q1 current account deficit widens to 4.15 bln as exports continue to shrink
EconomyMacroeconomyGreece’s current account recorded a deficit of 2.69 billion euros in March, from a deficit of 3.1 billion euros in February, Bank of Greece (BoG) data showed on Tuesday. In March 2023, the balance showed a deficit of 2.4 billion euros. The Bank of Greece notes that this is mainly due
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Q1 travel receipts point to bumper tourism season, balance up 25 pct
EconomyMacroeconomyGreece's travel balance recorded a surplus of 136.6 million euros in March, compared to 111.7 million euros in February, according to data released by the Bank of Greece (BoG) on Wednesday. March's balance was 11.5 percent higher than the 122.5 million euros recorded in March 2023. In March 2022
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Despite further slowdown, property prices grew by 10.4 pct in Q1
EconomyMacroeconomyThe growth in the nominal value of apartments in Greece continued at a steady pace in the first quarter of 2024, increasing by 10.4 percent year-on-year (YoY) from an upwards revised 12.4 percent in Q4 2023, Bank of Greece (BoG) data released on Tuesday showed. There has been a gradual slowdown
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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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