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Credit contracts by slower rate of 2.1 pct in May
EconomyMacroeconomy. The monthly loan flow remained negative for the third successive month with a slowdown in net... negative flow of 291 million, while corporate lending showed modest net additions of 35 million... 2011. The net flow turned positive to 35 million in May from net deductions of 261 million in April
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Current account deficit narrows to 822 mln in April
EconomyMacroeconomynet oil bill. At the same time, the decrease in the services’ surplus mostly reflects lower net sea... net dividend payments and improved general government balance respectively. The aggregate figures... to a remarkable decrease in the net transport receipts attributed to capital controls. In addition, travel
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Bank credit contracts by 1.6 pct in Oct on loan deductions of 308 mln
EconomyMacroeconomy1.7 percent in September, Bank of Greece (BoG) figures displayed on Monday. The monthly net deductions stood at 308 million euros in October, from 355 million in the previous month and reflect a net... reading since June 2007. Overall, the ongoing loan deleveraging of Greek banks has resulted in net
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April current account deficit at 1.34 bln as goods deficit grows
EconomyMacroeconomy. The BoG stated that the worsening of the goods balance deficit was attributable to a higher net oil... net travel receipts. Travel receipts rose by 7.2 percent to 1.62 billion in April, meaning... in all main subcategories. The goods deficit was driven mainly by a higher net oil import bill, while
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Banks remain largely profitable in Q2, with focus on NPL reductions
EconomyBankingimpact of 324 million). Net profits in Q2 came to 82 million versus losses of 232 million in Q1... a net profit of 465 million euros from continued operations in H1, compared to 245 million euros in H1 2019. On a quarterly basis, net results showed a profit of 58 million euros in Q2, dropping by 86
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Greek deposits slip in October as credit also contracts by 3.9 pct
EconomyMacroeconomy, with balances reaching 160.38 billion euros, according to the Bank of Greece (BoG). Net flow remained negative... million in September. The monthly flow reflects sight and savings net deductions at 439 million... on increased net deductions at 937 million in October from 568 million in September. October’s
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Deposits up again in December but credit contraction continues apace
EconomyMacroeconomy). Net inflows stood at 2.35 billion in December from 394 million in November. The positive flow... performance led the net flow for whole year turning positive to 2.24 billion in 2013 from outflows... month on month (mom) for the ninth consecutive month on net deductions of 173 million in December from
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Credit contracts by 4.1 pct in March, loans down by 3.4 pct
EconomyMacroeconomy, according to the BoG. Loan balances slipped 0.4 percent MoM for the twelfth successive month with net... net flow reflects corporate and household lending net deductions of 405 and 312 million.... Monthly net deductions remained flat MoM for the third straight month at 312 million. In particular
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National Bank reports 1.15 bln H1 profit on back of 1 bln deferred tax
EconomyBankingNational Bank’s reported net profit reached 1.15 billion euros in the first half (H1) of the year... to the recognition of additional deferred tax asset (DTA) of 994 million. Excluding one-offs, net profit landed at 109 million in H1 from 311 last year, down 65 percent. On a quarterly basis though, Q2 net profit
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Credit in Greece contracts by 3.5 pct in August
EconomyMacroeconomypercent month on month (MoM) to 213.53 billion. Monthly net deductions fell to 478 million euros in August, which is the second lowest reading so far this year. In July, net deductions stood at 1.16... straight month. Net deductions eased to 263 million euros in August from 322 million in July
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