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Rebound of 0.3 pct in Greek GDP puts annual estimate of mild recession in sight
EconomyMacroeconomypercent respectively for 2016, weighed by “additional fiscal drag, blocked banking system and moribund
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Greek stocks down 2.6 pct on week, banks underperform for fifth straight week
Economy. The banking index closed the week at its lowest level since July 6. It has recorded losses of 13
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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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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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Stable rate in time deposits, corporate loan rates pick up in July
EconomyMacroeconomyDecember. Since the average deposit rate remained unchanged, the average spread in the Greek banking
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Greek stocks climb 3 pct on week, banks post double-digit gains
Economygains of 3.8 percent in the previous week. Overall, the banking index has recorded gains of 11 percent
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Alpha Bank reports net losses of 16.8 mln in Q2
EconomyBankingbanking system by the end of the year mostly on the back of capital controls’ relaxation. However
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Fitch affirms Greece’s rating at ‘CCC’
Economyin 2018. On the banking sector, Fitch estimates the recent partial relaxation of capital controls
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Signs of optimism in Greek banks' Q2 results but NPL challenge lies ahead
Agorathe efforts are bearing fruit and signal not only a new era for the banking sector, but also positively
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A closer look at the composition of Greece's bad loans
EconomyBankingIn addition to an update on the evolution of non-performing exposures (NPEs), the Bank of Greece (BoG) review report on the Greek banking system published in late July also revealed a number of characteristics regarding the quality of NPEs. As we have previously noted, the NPE ratio reached 44.2
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