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Banking system showed deposit inflows for second straight month, at 531 mln in Sept
EconomyMacroeconomyGreek private sector deposit flow remained positive for the second successive month with inflows... for almost 70 percent of that month’s outflows. At the same time, Greek banks’ Eurosystem funding... August 18, the ECB Governing Council decided to reduce the ELA ceiling for Greek banks five times
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NBG reports net losses of 401 mln in Q3, NPL formation accelerates in Greece
EconomyBankingimpact from Turkey, whilst the Greek NII rebounded 2.6 percent QoQ on the back of lower deposit cost.... On the asset quality front, the Greek non-performing loan (NPL) ratio picked up in July due... in the Greek market after the signing of the third bailout programme in mid-August led to a reduction
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BoG outlines steps to economic recovery, updates on banks' asset quality
EconomyMacroeconomy. The central bank noted that the key prerequisite for recovery of the Greek economy hinges om an agreement..., Greek banks’ Common Equity Tier 1 (CET1) and total capital adequacy ratios reached 18 percent above the European average of 12.5 and 16 percent respectively. According to BoG, Greek banks now have
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Refugees crisis grows in Greece as EU-Turkey deal hangs in balance
PoliticsForeign PolicyThe Greek government faces a tense few days before the second EU-Turkey summit on Thursday... focused over the last few days on the possibility of Turkish observers being stationed on Greek... up to the summit, the Greek government continues to face a major crisis management task at home
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Government faces tight schedule for amendments to bailout legislation
EconomyProgrammeto reinstate the waiver on Greek government securities for Greek banks’ access to ECB funding subject... (ELA) to ECB funding. Assuming also a reduction in the haircut applied to this collateral, Greek...Greece has a matter of days to fulfil the remaining conditions set out by the Eurogroup last week
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PMI drops to 48.4 in May, new orders down at sharpest pace in 8 months
EconomyMacroeconomyfor Greek manufacturers. Markit noted that the worsening in May largely reflects a solid drop in new... displayed that the input stocks decreased further in May with the purchasing activity of Greek goods... straight month. Overall, Markit analysts concluded that “the fall in demand for Greek goods, from
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Credit contraction stays stable at 2 pct in June, net additions for first time this year
EconomyMacroeconomyGreek bank credit contraction remained stable at 2 percent in June, Bank of Greece (BoG) figures... of 152 million. Greek bank credit remains steadily in negative territory since the beginning of 2011... said on Tuesday that Greek banks’ non-performing exposure (NPE) ratio edged up to 45.1 percent
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PMI falls back into contraction territory in July, landing at 48.7 pts
EconomyMacroeconomyconditions, as Markit notes. Greek goods producers’ output declined again in July, following a sharp... negative survey for Greek manufacturers. Job growth in July accelerated at the fastest pace in the last... occurring in the second-half of 2016 seems slim,” its analysts said. The Greek economy experienced
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Thinking outside of the box
Agorabeen one of the fundamental reasons for a shocking erosion of trust in Greek TV stations. According... on their television sets. This is a damning indictment of the practices in the Greek media over the past few... their priorities as far as the Greek media is concerned. While Stamatis and Kavadia were having
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Athens sticks by effort to build bridges with FYROM
PoliticsForeign Policythe pair met last week. Greek Foreign Minister Nikos Kotzias decided to set aside the unstable..., underline that the Greek initiative over these CBMs does not substitute the process under the UN.... At the same time, Greek sources underline that a solution involving FYROM’s constitutional
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