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Deposit flow turns negative, outflows of 153 mln in July
EconomyMacroeconomyrespectively more than offsetting notable inflows of 1.13 billion in time deposits. The breakdown... of capital controls has resulted in inflows of less than 1 billion in the past two months. It should
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Credit contraction slows to 1.6 pct in July, loan deductions jump to 638 mln
EconomyMacroeconomythe slowest rate of drop over the past twelve months. Loan balances fell by more than 1 billion euros from... of more than 38.5 billion, while loan balances have dropped by 22.2 percent over the past 5.5 years
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Greek, Turkish foreign ministers hold informal talks as refugee crisis, Cyprus loom
PoliticsForeign Policyin recent weeks and Monday was the first day since April that more than 300 refugees arrived on Greek islands in less than 24 hours. Ankara continues to link visa liberalisation for Turkish citizens
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Stable rate in time deposits, corporate loan rates pick up in July
EconomyMacroeconomywith the most notable increase for amounts less than 250,000 euros, where the rate climbed 50 bps... bps higher than the average euro area rates. In the household lending sector, a marked rise of 31
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Piraeus Bank’s bottom line turns profitable with 20 mln net profits in Q2
EconomyBanking. Gross loans slipped by more than 100 million euros QoQ to 66.19 billion, while deposits increased... formation of more than 500 million in H2.
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Eurobank remains profitable with net profits of 46.2 mln in Q2
EconomyBankingon ELA and pillar II bonds more than offsetting lower loan NII. Net interest margin (NIM) improved... to be lower than the 1-billion euro mark. The combination of higher operating income coupled
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One-off loss affects NBG’s P&L, NPE stock drops by 900 mln in Q2
EconomyBankingfor the fourth successive quarter, at 106 million in Q2 less than half the Q1 figure of 260 million... and by another 1.7 billion to 13.2 billion in August. In particular, ELA funding more than halved from 11
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TV permit auction boosts Greek coffers but questions linger
PoliticsGreek PoliticsGreek authorities announced early on Friday, after an auction lasting more than three days, the four winners of national broadcasting permits on the country’s digital network. The four winners... that the starting price was 3 million euros, the total raised was far higher than most observers expected
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Talk of refugee returns adds to stretched Greece's anxiety
PoliticsForeign Policyproblem is on the islands, where there are more than 12,500 migrants even though the official capacity... than 50. The increase in arrivals coupled with the slow rate at which refugees are leaving
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Greek VAT gap narrowed 22.4 pct to 4.9 bln in 2014, EC report shows
Economy, just 83 million higher than the 2013 figure. However, the VTTL fell by 7.1 percent or by 1.34 billion..., markedly higher than the EU average of 14.9 percent.
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