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Better income account helps squeeze Greek C/A deficit in January
EconomyMacroeconomymillion last year, according to the Bank of Greece (BoG). The 6.1 percent year on year (YoY) drop... and payable to Greece following a Eurogroup decision in November 2012. The BoG latest estimates point to a surplus of about 2 percent in 2014. The key risk to the BoG’s short-term projections lies
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Greek banks' Eurosystem funding falls for third straight month, at lowest since Feb 2010
EconomyMacroeconomyof Greece's (BoG) monthly financial statement. The headline figure landed at 60.69 billion, its lowest..., the lowest reading since December 2012. March deposit data is due to be released by the BoG... 2012. The year to date decrease stands at 12.3 billion. The ELA mechanism was launched by BoG back
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National Bank follows other Greek lenders' by opting for capital increase
EconomyBankingwas the only Greek bank initially stressing on March 6 – the day Bank of Greece (BoG) disclosed Greek... to institutional and other eligible investors. NBG also noted the BoG has already approved other capital... identified by the BoG as a result of the Blackrock diagnostic exercise under the baseline scenario
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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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