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Greek stocks rebound 2.4 pct, banks edge down for fourth successive week
EconomyThe Greek equity market largely traded in positive territory this week but on extremely soft volumes with weekly gains at 2.4 percent. Hellenic Statistical Authority (ELSTAT) figures showed on Friday that Q2 GDP came in slightly better than expected, rebounding by 0.3 percent quarter on quarter
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Lower bad loan provisions and increased write-offs for Greek banks in Q2
Economyrelate to the banks’ parent data, which mainly incorporate their operations in the domestic market. BoG
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Tsipras puts proposals to socialist leaders, resumes bailout talks ahead of review
PoliticsGreek Politicsgovernment has made it clear that it is not willing to accept further liberalisation of the labour market
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Deposit flow turns negative, outflows of 153 mln in July
EconomyMacroeconomyDeposit outflows of 153 million were recorded in the Greek banking market after inflows of 1.07 billion in the previous month, Bank of Greece (BoG) figures displayed on Friday. Although slightly negative, the July figure indicates the highest outflows since February leading the deposit balance
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Greek stocks edge up 0.7 pct on week, banks rise 3.8 pct for first time in last six weeks
EconomyThe Greek equity market gained 0.7 percent this week, after losses of 2.6 percent recorded in the previous week, but trading volumes remained extremely subdued. The general index of the Athens Stock Exchange rose to 565.34 on Friday. Since the beginning of the month, it has gained 1 percent. Bank
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Credit contraction slows to 1.6 pct in July, loan deductions jump to 638 mln
EconomyMacroeconomyCredit contraction in the Greek banking market decelerated to 1.6 percent in July from 2 percent in June, Bank of Greece (BoG) figures showed on Friday. The July headline figure represents the slowest rate of drop over the past twelve months. Loan balances fell by more than 1 billion euros from
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Retail sales drop for thirteenth straight month by 5.2 pct in June
EconomyMacroeconomyand 0.7 percent respectively. Since 2010, the retail turnover in the Greek market has slumped 28.5
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Stable rate in time deposits, corporate loan rates pick up in July
EconomyMacroeconomymarket rose by 14 bps to 4.59 percent in July, in line with the loan rate hike. It is worth noting
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Eurobank remains profitable with net profits of 46.2 mln in Q2
EconomyBankingto 37.6 percent in the Greek market. The NPL cash coverage ratio increased to 65 percent in Q2 from
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H1 exports show notable fall in many sectors but agricultural products buck trend
Economya fraction (2.8 percent) of the total figure. Italy remains the most important export market for Greece
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