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  1. Bank of Greece reveals lenders' NPE challenge and sets out path to recovery
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    and shipping just 1 percent. In addition, the consumer and housing loan portfolios will contribute..., 1 percent better than the target of 106.9 billion, while the respective ratio stood at 51 percent... billion, while the respective ratio of 38 percent was 1 pp above target of 37 percent.

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  2. Time deposit rate edges down to 0.76 pct, loan rate spikes to 5 percent
    Photo by MacroPolis

    EconomyMacroeconomy

    new deposits marginally down by 1 bp to 0.37 percent, which is also a new historic low since 2002... for amounts over 1 million euros, where the interest rate climbed 97 bps to 4.91 percent and more than... and 1 million euros remained almost flat at 5.33 percent. Following the evolution in October

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  3. Capital controls trigger big rise in card use and VAT revenues, Bank of Greece data shows

    EconomyMacroeconomy

    2016, while the effective rate is estimated to have increased by 1 percentage point due... in the share of private consumption expenditure via plastic money by 1 percentage point results in an increase in VAT revenues by 1 percent in the first year and up to 6 percent over the long-term. Moreover

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  4. Minor fluctuations in deposit and loan interest rates in December

    EconomyMacroeconomy

    Greek households’ new time deposit rate edged down by 1 basis point (bp) to 0.70 percent... and 1 million euros increased by 22 bps to 5.06 percent, while that for lower amounts dropped by 14 bps to 5.28 percent. In addition, the interest rate for amounts above 1 million euros slightly

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  5. Newsletter 105 - 03/02/2017

    Newsletters

    proprietors eased by 2 bps to 7.34 percent. The new time deposit rate of Greek households slipped 1 basis... loans showed mixed trends, as the rate for loans between 250,000 and 1 million euros rose by 22 bps..., namely construction confidence (-7.8 points) and consumer confidence (-1 point). Over last twelve months

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  6. IMF sees much scope for reform progress, particularly on tax in Article IV report
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyProgramme

    in 2019 and 2 percent in 2020, while long-term growth is expected at around 1 percent. Under an adverse scenario with no further policy reform implementation, GDP growth is seen at 1 percent..., the personal income tax rate to 15-20 percent and the top VAT rate of 24 percent by 1 percentage point

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  7. Tsakalotos and Stournaras raise objections to IMF assumptions
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    its long-term growth assumption from 1.25 percent to 1 percent, which is an oxymoron, according... Greece’s fiscal outperformance in 2016 and reduction in long-term growth rate from 1.25 to 1...”. Stournaras stresses that Greek banks’ Common Equity Tier 1 (CET1) ratio stands at 18 percent, while

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  8. IMF examines how Greece accumulated large pile of unpaid taxes and contributions
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    of the total figure. In contrast, 1 percent of debtors owe more than 1 million euros each, accounting for 80... remains very low at around 1 percent, while the lion’s share of SSC could be considered uncollectible

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  9. Newsletter 106 - 10/02/2017

    Newsletters

    government (GG) primary cash surplus rose by 1 billion to 5 billion euros in 2016 from around 4... of the index, fell by 1.9 percent, while water supply production also declined by 1 percent. The seasonally adjusted IPI rebounded 2.2 percent from the previous month, after retreating by 1 percent

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  10. Stable deposit rate in Jan, slight uptick in loan rate

    EconomyMacroeconomy

    The new time deposit rate for Greek households fell by 1 basis point (bp) for the second straight... reflecting a similar rise in that for amounts above 1 million euros to 4.72 percent. The respective... between 250,000 and 1 million euros edged down 5 bps to 5.01 percent. Following the slight changes

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