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Retail sales rebound 1.4 pct in Jan after brief fall in Dec
EconomyMacroeconomyThe turnover of Greece’s retail trade index increased by 1.4 percent in January after a brief drop... with the previous month showed a sharp drop of 18.7 percent largely attributed to the seasonally high... in January after a sharp drop of 1.8 percent recorded in December. Over the last seven years, retail
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Deposit interest rates broadly stable in March, average loan rate down slightly
EconomyMacroeconomypercent. The marginal drop in the time deposit rate coupled with a slight increase in the corporate... drop in the average loan rate coupled with the stable deposit rate resulted in a slight drop of 6 bps
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Eurosystem funding down by 535 mln in April, ELA falls for second straight month
EconomyMacroeconomythe drop of 535 million euros in April is the lowest in this series, Bank of Greece's (BoG) monthly.... Almost two thirds of that marked drop (44.67 billion) relates to lower reliance on ELA funding... percent of the total withdrawn liquidity. Despite the modest drop in the ELA funding, the collateral
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Office prices rebound 0.6 pct in 2016 for first time since 2010, retail space prices edge down 0.4 pct
EconomyMacroeconomyfor the first time since 2010. In 2015, the index had eased 0.1 percent, while the biggest drop of 11.9... low of 70.6 in H2, implying a sharp drop of 30 percent from the peak of 100.8 in H1 2010... YoY to 71.7 in H2. For the whole year, the office rent index recorded a drop for the sixth
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Bank branches fall in 2016, degree of concentration highest in EU
EconomyBankinga short-lived rise by 441 in 2015. The year-end figures for 2016 correspond to a drop of 8.4 and 7.5... branches, which corresponds to a drop of 35.7 percent. The number of bank employees has been reduced... banks from the Greek market resulted in a sharp drop of their assets in Greece from 38.54 billion
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Eurosystem funding drops by 2.2 bln in May, mostly on further decrease in ELA reliance
EconomyMacroeconomy, mainly reflecting a drop in the ECB funding by 6.73 billion, as Greek banks replaced this type... programme was agreed, with almost two thirds of that marked drop (46.07 billion) related to lower... in May after remaining broadly stable in April. The drop in May is the highest since January. Banknotes
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Alpha Bank remains profitable in Q2, NPEs reduced further
EconomyBankingin June outperforming target by 300 million, while a drop of another 1.2 billion should be achieved...), higher bond income and lower funding cost, which outweighed a slight drop in loan and deposit income... from the March figure. Alpha noted that the post-June drop in Eurosystem funding was driven by repo
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Unemployment falls to 21.2 pct in June, lowest since Dec 2011
EconomyMacroeconomyreduced by 2.3 percentage points (pp) on the back of a drop in the number of unemployed by 115,943... percent in June from 21.6 percent in May on the back of drop in unemployed by around 75,600 to finish.... The unemployment rate for men fell to 17.9 percent, a decline of by 1.9 pp year-on-year. The largest drop
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Turnover in services sector shows mixed picture in Q3 2017
EconomyMacroeconomyshowed on Friday. Specifically, six of the 15 services posted a drop in the current quarter, the same... the last five years, the figures revealed that the largest drop since Q3 2012 came from services... that the index declined by 0.8 points to 13.6, the second consecutive drop. In the year to date
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Stress test assumptions cause few concerns for Greek banks
EconomyBanking, residential real estate values will drop marginally by 0.5 percent this year and grow by 1 percent... scenario, GDP is assumed to drop by 1.3 percent in 2018, 2.1 percent in 2019 and grow by 0.2 percent... and commercial properties are severely stressed, with home prices assumed to drop by 17.4 percent from
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