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New time deposit rate fell 12 bps in August to record low of 1.19 pct amid capital controls
EconomyMacroeconomyFollowing a sharp drop by 50 basis points (bps) in July, Greek households’ new time deposit rate fell by another 12 bps to 1.19 percent in August Bank of Greece (BoG) figures showed on Thursday... for amounts above 1 million euros soared by 76 bps to 4.70 percent offsetting the cumulative drop
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CPI falls at accelerating rate of 1.7 pct in Sept
EconomyMacroeconomydrop in August. The breakdown of the CPI fall showed eight of the twelve main groups and services... Ministry expects HICP to drop 0.5 percent in 2015 and rebound by 1.3 percent in 2016. Similar
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Banks' trading updates show slight improvement in core pre-provision income, deceleration in NPL formation
Economyincome by 1 percent QoQ to 597 million. After a drop in Q1, expenses headed north in Q2 increasing by 1... banks posted lower deposit, but higher ELA, costs in Q2 coupled with a drop in fee income. Core pre
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Piraeus Q3 trading update shows significant acceleration in NPL formation
EconomyBankinga slighter drop by 0.9 percent to 63.3 billion. In contrast to the deposit decline, Eurosystem funding...) data for the Greek banking system showing a sharp drop of 62 bps cumulatively in July and August
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Retail sales down by 4 pct in August for third straight fall
EconomyMacroeconomyrate by 2.2 percent in August, after a bigger drop of 7.2 percent in July, mainly reflecting... and pension cuts and increase in the personal and property taxes. The biggest cumulative drop in this 6-year
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This is what the ECB’s comprehensive assessment tells us about Greek banks
Agoraby almost 7 percent in the 2015-2017 period in the adverse scenario compared to a modest drop by 1 percent... assumptions, the impact of the evolution of the key P&L items resulted in a 0.3 percent cumulative drop
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Trade deficit falls by markedly accelerating pace of 24.2 pct in Sept
EconomyMacroeconomyThe drop in Greece’s trade deficit accelerated to 24.2 percent in September from 8.8 percent in August, Hellenic Statistical Authority (ELSTAT) data showed on Friday. The September rate... on the back of a modest drop in imports (-3.4 percent) and a slight rise in the respective exports (+1.9
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CPI drops at decelerating pace of 0.9 pct in Oct
EconomyMacroeconomyThe decline in the Greek Consumer Price Index (CPI) markedly decelerated to 0.9 percent in October from the 1.7 percent drop posted in September, Hellenic Statistical Authority (ELSTAT) data... and restaurants (+1.9 percent). The monthly evolution showed a marginal drop in CPI by 0.1 percent
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Newsletter 52 - 20/11/2015
percent in September, which was a slightly milder drop than the 18.1 percent drop in August. Over
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Greek stocks edge up in week of big losses for banks
Economygeneral index edged up to 658.84 on Friday despite the drop of 1.73 percent recorded in the last... percent). The average daily turnover remained virtually unchanged at 42 million, with a notable drop
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