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Credit contracts by 4.1 pct in March, loans down by 3.4 pct
EconomyMacroeconomyThe year on year (YoY) credit contraction in the Greek market slightly accelerated to 4.1 percent... respectively similar to that evident in February. The key reasons for the prevailing negative credit expansion... million. Similarly, consumer credit retreated 3.4 percent to 27.99 billion, with net deductions at 140
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Credit contracts at slower rate of 3.5 pct in May, balances down to 214.3 bln
EconomyMacroeconomyThe year on year (YoY) credit contraction in the Greek market further decelerated to 3.5 percent... month on month net deductions of 137 million. The rate of decline in the consumer credit remained... rather limited at 140 million over this period. Credit contraction in the Greek market has been
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Stable credit standards and mixed trends in demand for Greek loans in Q4
EconomyMacroeconomyCredit standards for both corporate and household loans were kept broadly unchanged in the last... supply and demand. Credit standards for corporate loans in Q4 were in line with earlier expectations, while previous estimates for households had indicated a tightening in Q4. Banks expect credit
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NBG records loss of 2.05 bln in Q4 on one-offs and jump in credit risk provisions
EconomyBankingloans NPL ratio stood at 62 percent in Q4, consumer credit at 56 percent, mortgages at 32 percent... primarily reflecting negative formation of 133 million in mortgages and 22 million in consumer credit... billion to ELA. The breakdown of the latter shows credit claims of 6.3 billion, pillar II bonds of 3.8
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Stable credit standards for loans in Q1, small uptick in demand for SME and housing lending
EconomyMacroeconomyCredit standards for both corporate and household loans remained broadly unchanged quarter... to provide information on what affects the conditions for loan supply and demand. Credit standards..., banks expect credit standards for both corporate and household loans to remain stable QoQ. Despite
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S&P sees improved fiscal and growth prospects, raises credit rating to 'B'
EconomyRating agency S&P raised Greece’s long-term credit rating to ‘B’ from ‘B-’ on Friday, maintaining... its outlook during the summer, and not Greece’s credit rating. In its overview, the agency stresses... and long-term sovereign credit. There is positive outlook for a further upgrade action in the near
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Credit standards and demand for corporate, household loans unchanged in Q1
EconomyMacroeconomyCredit standards for both corporate and household loans stayed unchanged from the previous quarter... in the Greek market. No change was noted in housing loans and consumer credit compared to the previous quarter. Banks expect credit standards for both corporate and household loans to remain unchanged
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Newsletter 418 - 29/03/2024
. Construction confidence remained in positive territory at 8.9, now positive over six months. Credit Credit... balance was broadly stable at 115.53 billion euros. Credit growth was led by business loans... a media report revealed that they visited To Vima publisher Vangelis Marinakis at his home on Sunday
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Newsletter 456 - 21/03/2025
and households' realityThe latest upgrade of Greece’s credit rating by Moody’s to investment grade... and as such they will not see any of the potential benefits of the improved GGB credit rating. At the same time, Greek... to investment grade in 2023, when S&P raised Greece’s credit score, with Fitch and DRBS also
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Newsletter 416 - 15/03/2024
party also claims that there was no attempt to cover up the crash. ND's report argues that the site... and credit expansion via RRF loans. Some caveats are needed when discussing last year's growth... the public investment budget and credit expansion via RRF loans from commercial banks. The global
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