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Deposit inflows increase to 1.1 bln in June
EconomyMacroeconomy. Total deposits – which also include those of the general government (gg) as well as of euro and non... total deposits also reflects outflows of 140 and 98 million from gg and non-euroarea residents... the ELA ceiling for Greek banks by a total of 3.1 billion. As a result, the ELA limit currently
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Q1 GDP provides a positive surprise with 0.4 pct quarterly growth
EconomyMacroeconomyquarter (Q1) of 2017, after a downwardly revised drop of 1.1 percent in the previous quarter... by 1.1 percent in the previous quarter. It grew by 0.9 percent YoY from a decrease of 0.7 percent...’s share of GDP, making up 70.5 percent of the total figure in Q1. The latest Finance Ministry (MoF
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Banks meet NPE targets in Q1 but mortgage reductions remain slow
EconomyMacroeconomyand representing a reduction of 1.8 percent or 1.1 billion compared to December 2017. The NPE ratio stood... loans (target: 50 percent) and 43.9 percent for residential loans (target: 43.2 percent). The total volume of NPLs was reduced by 1.1 billion QoQ. During the quarter, corporate NPLs came to 35 billion
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August current account shows surplus of 1.56 bln as deficit in primary income account grows
EconomyMacroeconomyworsened very slightly by 18.3 million or 1.1 percent. This was driven by imports rising faster than... percent YoY. BoG noted that at constant prices, total exports of goods rose by 15.8 percent, and total imports by 6.1 percent. In absolute terms, imports came to 4.24 billion and exports to 2.54
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Final budget for 2019 excludes pension cuts, includes 910 mln in expansionary measures
EconomyMacroeconomypercent. Private consumption is forecasted to rise by 1.1 percent and exports growth to slow to 5.8... in September. These fiscal interventions total 910 million euros, nearly evenly split between lowering... main categories, with tax revenues increasing by 2.2 percent year on year to 46.42 billion euros
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Newsletter 109 - 03/03/2017
and in the corporate tax rate. Economic sentiment in Greece fell by 2.2 points in February, after... rebounded by 5.1 points in February. The Manufacturing PMI rose by 1.1 points to 47.7 in February, after... The retail sales index dropped by 1.3 percent in December after an upward revised 2.2 percent growth
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Draft budget sees growth picking up in 2024, strong revenues driving primary surplus to 2.1 pct of GDP
EconomyMacroeconomypct in 2023. Exports of goods and services growth is expected to accelerate to 6.3 pct, from 2.2 pct... in imports is also seen doubling to 4.5 pct, from 2.2 pct in 2023. This will bring nominal GDP... 20.96 billion euros. The primary surplus of 2023 will land at 1.1 pct of GDP, or 2.56 billion euros
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Newsletter 53 - 27/11/2015
institutional book buildings, raising a total amount of 5 billion euros and boosting their capital base... that Alpha and Eurobank will have covered their total capital shortfall, while NBG and Piraeus will have to seek state aid worth 5.7 billion in total. Despite the successful outcome of the capital
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Greek banks push for return to normality
EconomyBanking12 to 18 months. The agency anticipated economic growth of 2 percent this year and 2.2 percent... the total of non-performing exposures (NPEs) to stand at roughly 35 percent of all loans by the end of next year. Moody’s saw the bank’s capital at comfortable levels, with the CET1 ratio for the total
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Travel surplus rises by 17.4 pct in H1 as sharp rise in visitors drives receipts growth
EconomyMacroeconomyby a 25.1 percent rise in receipts from European Union (EU) visitors and a 2.2 percent rise in receipts from... accounted for the lion’s share of total expenditure in H1 2018 at 80.4 percent with corresponding receipts... percent). Receipts from trips for health purposes fell by 15 percent year-on-year to total 20 million
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