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The story behind Attica Bank, the non-systemic lender thrust into the spotlight
EconomyBankingdeposits and net loans amounted to 2.14 and 2.76 billion euros respectively corresponding to a market... net loss of 347 million euros, with pre-provision income (PPI) of 31 million and credit risk... of the provisions that resulted from the Asset Quality Review (AQR) that was conducted by BoG in October 2015
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NBG turns profitable in Q3, NPE stock drops further by 1 billion
EconomyBankingreflecting lower insurance income. Net interest income (NII) improved by almost 1 percent QoQ to 485 million... employees. Impairment losses dropped by 12 percent QoQ to 182 million with the cost of risk (over net...) that have released Q3 results so far, the key focus of this reporting period was on the asset quality
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BoG sees Greek growth resilience, highlights global risks
EconomyMacroeconomy. While net interest income fell by 3.8% due to ECB interest rate cuts, net fee and commission income... and improved asset quality. Non‑performing loans (NPLs) on a solo basis fell to EUR 5.7 billion, a 5.2... affect asset quality, hamper credit growth targets and increase cybersecurity risks. Rising raw material
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Multiple facets of inequality in Greece: a decade of divergence between data and daily life
Society. Rising rents and property prices since 2018 have eroded the traditional safety net of high home... a comprehensive strategy: modernising the labour market, strengthening the social safety net, reforming... in Europe. The study calls for investment in high-quality, free preschool education and stronger links
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Deposits edged up in Nov but credit contraction was close to 4 pct
EconomyMacroeconomy(BoG). Net inflows stood at 394 million in November from outflows of 630 million in October...) for the eighth consecutive month on net deductions of 510 million in November from 937 million in October. November’s negative flow reflects household and corporate lending net deductions of 294 and 203
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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... the past 12 months and is largely attributed to corporate lending net deductions of 801 million... the 100-billion mark for the first time since September 2007. Monthly net deductions increased to 246 million
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Services help increase Greek current account surplus to 1.37 bln in June
EconomyMacroeconomyand exports, up by 25.1 and 28.8 percent respectively. According to the BoG, the higher net payments... in the net oil import bill and the trade deficit excluding oil and ships. On the flipside... respectively. According to the BoG, the evolution of trade deficit was affected by increased net
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Rate of credit contraction rises to 3.7 pct in July, balances fall
EconomyMacroeconomyin July from 214.81 billion a month ago. Monthly net deductions rose to 1.16 billion euros in July, which is the highest monthly reading since May 2013. In June, net deductions stood at 324 million... net deductions rose to 322 million in July from 128 million in June. The July figure along
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Credit contracts by slower rate of 2.1 pct in May
EconomyMacroeconomy. The monthly loan flow remained negative for the third successive month with a slowdown in net... negative flow of 291 million, while corporate lending showed modest net additions of 35 million... 2011. The net flow turned positive to 35 million in May from net deductions of 261 million in April
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Current account deficit narrows to 822 mln in April
EconomyMacroeconomynet oil bill. At the same time, the decrease in the services’ surplus mostly reflects lower net sea... net dividend payments and improved general government balance respectively. The aggregate figures... to a remarkable decrease in the net transport receipts attributed to capital controls. In addition, travel
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