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Apartment prices fell 7.5 pct in Q1, down for the 21st successive quarter
EconomyMacroeconomy, according to the Bank of Greece (BoG). Although at a slightly slower pace over the past four... scenario of Greek banks’ recent stress tests conducted by the BoG assumed a further drop in residential... projection for 2014 is similar to that of the BoG. This means that the negative impact on the Greek
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Cost of Greek corporate loans rises in April, remains well above euro average
EconomyMacroeconomyand remained well above the euro area average, according to the Bank of Greece (BoG). This rate had... a combination of 7.60 percent on revolving loans and overdrafts and 17.24 percent on credit cards. BoG does... in their rates. The latest BoG figures showed credit contracted 3.7 percent in April. This reflected
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Credit contracts at slower rate of 3.5 pct in May, balances down to 214.3 bln
EconomyMacroeconomyof Greece (BoG). Although the YoY drop is the slowest since April 2013, the monthly net deductions...-performing loans (NPLs), continued loan deleveraging and restrained deposit flow. The latest BoG figures on NPLs presented by the new BoG governor Yannis Stournaras in Parliament last week showed
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As imports rise, Greek C/A balance flips back to deficit in May
EconomyMacroeconomymillion last year, according to the Bank of Greece (BoG). The C/A balance deterioration is owed...). According to the BoG, the higher net import bill, primarily for oil and to a lesser extent... and a moderate drop in exports by 1 percent. According to the BoG, net payments for ship purchases
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Credit contracts by 3.5 pct in June, balances at 214.81 bln
EconomyMacroeconomyand with balances slightly increasing to 214.81 billion euros, according to the Bank of Greece (BoG... and restrained deposit flow. The latest figures provided by the BoG showed the NPL ratio rose to 33.5... the government council for the management of private debt and the BoG with the heads of troika earlier
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Services help increase Greek current account surplus to 1.37 bln in June
EconomyMacroeconomyto 1.37 billion euros from 898 million last year, according to the Bank of Greece (BoG... and exports, up by 25.1 and 28.8 percent respectively. According to the BoG, the higher net payments... respectively. According to the BoG, the evolution of trade deficit was affected by increased net
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Q2 GDP contraction at 0.3 pct, strong Q3 needed to achieve target of annual growth
EconomyMacroeconomyof Greece (BoG) H1 data, non-residents’ direct investment in Greece showed a net inflow of 936 million... to tourism. The aggregate figures provided by the BoG on travel receipts for the first half of the year... is also anticipated by the BoG and rating agencies, while OECD expects a mild recession at 0.3 percent
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Loan rates rebounded in July, deposit rates continued heading south
EconomyMacroeconomypercent in July, according to the Bank of Greece (BoG). The year to date drop stands at 54 bps... the average loan rate increasing by 18 bps to 5.36 percent. It is noteworthy that the BoG revised... is now the third lowest historical reading. The BoG had noted in the previous release that since June
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Greek GDP up 0.7 pct in Q3 for third straight quarter of growth
EconomyMacroeconomyplunged by two thirds with their current contribution to GDP at just 11 percent. Bank of Greece (BoG) data... of 1.2 billion euros. In addition, under the portfolio investment, BoG figures displayed a net... to BoG latest data. Total imports fell 2.5 percent QoQ in Q3 for the first time since Q4 2013
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Piraeus Bank seals milestone deal with KKR over 1.2 bln of non-core assets
EconomyBanking(BoG) reiterated in its interim Monetary Policy report that the key challenge and immediate priority...) higher than the market ratio of 34.1 percent in Q2, according to BoG. Non-performing loans... BoG study showed that corporate NPLs (for loan amounts above 1 million euros) are concentrated
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