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Trade deficit climbs for second straight month in May, rising by 12.5 pct
EconomyMacroeconomy12 months. The evolution of both trade balance components also reflects the negative impact from
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Stournaras eyes easing of capital controls, updates on loan quality and NPL reduction targets
EconomyMacroeconomy) and collateral for a permanent easing of bank’s balance sheets from doubtful loans 5) Development within
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Trade deficit falls by 3.1 pct in June
EconomyMacroeconomyon both trade balance components. The absolute figures showed that exports and imports stood at 2.1
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Eurosystem funding drops by another 4.3 bln in July, largely on reduced ELA reliance
EconomyMacroeconomynoted, the ongoing reduction in ELA funding balance has a positive impact on Greek banks’ net
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Lower bad loan provisions and increased write-offs for Greek banks in Q2
EconomyAhead of the release of Greek banks’ second quarter (Q2) results, which are due next week, the aggregate balance-sheet figures published by the Bank of Greece (BoG) provide some colour on the evolution of bad loan provisions and write-offs during Q2. It should be pointed out that those figures
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Deposit flow turns negative, outflows of 153 mln in July
EconomyMacroeconomyDeposit outflows of 153 million were recorded in the Greek banking market after inflows of 1.07 billion in the previous month, Bank of Greece (BoG) figures displayed on Friday. Although slightly negative, the July figure indicates the highest outflows since February leading the deposit balance
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Signs of optimism in Greek banks' Q2 results but NPL challenge lies ahead
Agorain banks’ balance sheets eased to 57.44 billion euros in Q2, corresponding to 25 percent of gross loans
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Budget primary surplus of 3.8 bln to Aug beats target by wide margin
EconomyMacroeconomyoverperformance (by 646 million). The monthly balance stayed positive for the third straight month
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Budget execution to Aug shows 3.8 bln primary surplus, 2.8 bln better than target
EconomyMacroeconomyprimary balance remained positive for the third successive month at 201 million in August from 1.08
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Draft budget sees primary surplus at 1.8 pct of GDP in 2017, revenue interventions of 2.5 bln
EconomyMacroeconomybalance is expected to reach 1.8 percent of GDP in 2017 marginally surpassing target of 1.75 percent
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