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Time deposit rate almost flat in Jan, average loan rate falls 12 bps
EconomyMacroeconomyin January, when it eased marginally by 1 basis point (bp) to 1.01 percent in January, Bank of Greece... also marginal changes in the overnight rates, the weighted average rate on total new deposits slipped 1 bp to a new low of 0.55 percent in January. Loans The most marked change in corporate lending
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Corporate lending rates fell in March, time deposit rate slightly down to a new low of 0.88 pct
EconomyMacroeconomyof 0.61 percent. Overall, the weighted average rate on total new deposits slipped marginally by 1 bp... in March was a sharp drop by 90 bps in loans for amounts over 1 million euros to 3.93 percent from 4.83 percent in March. In addition, the rate for amounts between 250,000 and 1 million euros fell
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Central government debt edges down to 321 bln in Q1
Economy1 billion QoQ to 11.03 billion accounting for 3.4 percent of central government debt. The debt... maturity of total central government debt stock eased to 16.55 years in Q1 from a high of 16.76 years...-term (up to 1 year) and medium-term (1 to 5 years) debt. It is worth noting that Greece’s cash
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Energy efficiency: Legal parameters of a very substantial economic and strategic issue for Greek companies
Legal, the energy efficiency target shall be at least equivalent to achieving new savings each year (from 1...-year period prior to 1 January 2013. Thus, a vast number of companies have been affected... of the energy sold for final consumption and a market share of 1 percent of the energy sold. The energy
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Fiscal matters expected to dominate talks as lenders return for post-MoU check
EconomyProgramme, Tsipras announced that the government intends to pay out a total of 1 billion euros to members... confident that there will be an overperformance of between 700 million and 1 billion euros... to be submitted to Greek Parliament on October 1, before being passed over to the European Commission
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Athens to send draft budget to Brussels after talks with IMF on pensions
EconomyProgrammethat is along the lines of the draft plan submitted to Greek Parliament on October 1, which includes a scenario in which the 1 percent of GDP in pension cuts agreed with the institutions are applied... in September. Of this total, 766 million euros of measures will be on the expenditure side. According
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Tsipras talks up 'positive' measures but polls show little impact so far
PoliticsGreek Politicsthat Athens had succeeded in cancelling the 1 percent reduction in pension spending, which was due... of SYRIZA (30.5 percent vs 21.5 percent), which means the gap between the two has narrowed by just 1... grown by 1 point since the company’s last survey in July. The polling company also notes a slight
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Athens poised to unveil new minimum wage as post-MoU review continues
EconomyProgramme, the IMF maintains its long standing position that growth will retract to just above 1 percent, when... will then be issued by Labour Minister Efi Achtsioglou so the new minimum wage can be implemented from February 1... people in total, receive monthly wages of less than 600 euros per month. The increase will also lead
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BoG runs numbers to show how tackling NPE stock will benefit banks' bottom line
EconomyBankinginternal capital. The capital adequacy of Greek banks stood at 15.6 percent in Common Equity Tier 1... will sell NPEs and will extend the equal amount in new credit, which suggests that their total credit... of NPEs between 1 and 10 percent brings relief of 500 million to 5.2 billion euros to the balance sheet
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Greece braces for recession, hopes to bounce back from summer onwards
Economyadmitted that Greece is on course for an economic contraction of 1 to 3 pct this year due to the virus... for the Greek economy and now see it contracting by 1 to 8 pct this year. Capital Economics sees economic... expects a recover over the next two quarters of around 6.5 pct, leading to a total 8 pct recession
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