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Outflows ease to 1.5 bln in July but deposits reach lowest level since May 2003
EconomyMacroeconomyin more than 12 years, since May 2003. July withdrawals are fully attributed to time deductions of 7.65... climbed to 44.42 billion euros corresponding to more than 27 percent on the end-November deposit balance... and other obligations as well as for consumption rather than for retaining them in safety boxes
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Sixth straight fall for economic sentiment in August as it plunges by 6.1 pts
EconomyMacroeconomythan 26 points until June 2014. Since then, it has been heading downward, with a significant... dropping by more than 12 points in July. Services confidence tumbled by more than 15 points to -42.8.
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Marked drop of 50 bps in new time deposit rate in July amid capital controls
EconomyMacroeconomydominate more than 95 percent of the market. The legislative act on capital controls prohibits..., the Greek time deposit rate remains more than 60 bps above the eurozone average of 0.68 percent...) and France (1.33 percent). Overall, the weighted average rate on new deposits fell by more than 30
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Greek QE eligibility? We're not there yet
Agoracondition notes that the ECB will not buy more than 33 percent of the issuer’s debt and 33 percent... in Greek bonds, corresponding to more than 40 percent of total. Of this amount, 19.87 billion relate... remaining maturity of 2 years and a maximum of less than 31 years. This maturity range is applied
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Greek stocks edge up, with banks rising for third straight week
Economyover the past two weeks, Greek shares are still more than 15 percent down since the beginning of August.... As a result, bank shares have lost more than 58 percent of their market value since the market.... During the two-day event more than 600 meetings were held between 150 fund managers and 28 Greek listed
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Assessing the health of Greek banks' loan portfolios
EconomyBankingdue for more than 90 days, the NPE perimeter also incorporates forborne and impaired loans. The NPE... (35.6 percent). As expected, the NPE coverage ratio stands lower than that of NPL at 44 percent. BoG... around 1 billion higher than the lowest reading of 775 million posted in 2013. Over the past 7.5
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Budget revenues rebound in August but shortfall remains at 4.2 bln
EconomyMacroeconomy) as well as higher Public Investment Budget (PIB) balance (by 1.44 billion) more than offsetting... months (February, March and June), when expenses were 2.1 billion lower than target... better than target, also supported by shrinking military procurement at just 84 million, way below
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Key factors to look out for when Greek election results come in
PoliticsGreek Politicsof government could be formed. Margin of victory A small margin of victory (less than around 2... The winning part is expected to get no more than 33 percent of the vote and, therefore, less than 140
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Where we stand in the Greek bank recapitalisation process
Economythen, the better than expected GDP growth for the second quarter and the stronger than anticipated tourism... and, according to the August Eurogroup statement, “no later than 15 November”. Since capital needs
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Greek stocks post weekly rise of 5.6 pct, with banks rebounding strongly
Economythan 20 percent in each of the preceding two weeks. In contrast to the prevailing sentiment after... shares are down by more than 15 percent. Bank shares rebounded by 31 percent this week mainly.... Despite the outperformance they are still down by more than 68 percent in the post-capital controls period
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