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Credit contraction slows to 1.6 pct in July, loan deductions jump to 638 mln
EconomyMacroeconomyCredit contraction in the Greek banking market decelerated to 1.6 percent in July from 2 percent in June, Bank of Greece (BoG) figures showed on Friday. The July headline figure represents the slowest rate of drop over the past twelve months. Loan balances fell by more than 1 billion euros from
6% -
Retail sales drop for thirteenth straight month by 5.2 pct in June
EconomyMacroeconomyrespectively. It is worth noting that the seasonally adjusted retail sales and volume rebounded MoM by 1
6% -
Eurobank remains profitable with net profits of 46.2 mln in Q2
EconomyBankingin Q1 and 134.3 percent a year ago. The phased-in Common Equity Tier 1 (CET1) ratio, pro-forma
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H1 exports show notable fall in many sectors but agricultural products buck trend
Economyand food and live animals slipped 0.7 percent. The breakdown by region displayed a modest drop of 1
6% -
Trade deficit expands by record 88.9 pct in July
EconomyMacroeconomy, while those to the EU eased 1 percent. Moreover, imports from EU countries rose by 3.4 percent, while
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Signs of optimism in Greek banks' Q2 results but NPL challenge lies ahead
Agoraremain adequately capitalized with their phased-in Common Equity Tier 1 (CET1) ratios remaining above
6% -
Unemployment rate edges down to 23.4 pct in June, lowest since March 2012
EconomyMacroeconomyhalf of this drop, falling by 1 pp to 27.8 percent in June. The breakdown by age displayed lower
6% -
CPI drops by 0.9 pct in August
EconomyMacroeconomyΤhe Greek Consumer Price Index (CPI) fell at a slightly slower pace of 0.9 percent in August, after dropping by 1 percent in July, Hellenic Statistical Authority (ELSTAT) data displayed on Friday. In contrast, the harmonised index of consumer prices (HICP) edged up for the third straight month
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A closer look at the composition of Greece's bad loans
EconomyBankingin the course of 2015 and stood at just 1 percent of NPEs and mostly involved denounced loans. The collateral
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Unemployment rate falls to 23.1 pct in second quarter, lowest since Q2 2012
EconomyMacroeconomyquarters. At the same time, the number of ‘long-term’ (more than 1 year) jobless decreased
6%