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Overall loan interest at 4.05 pct in April, hitting new series low
EconomyMacroeconomyThe overall weighted average interest rate on all new loans to households and non-financial... weighted average interest rate on all existing loans dropped by 2 bps to 3.88 percent. The spread.... The average interest rate on consumer loans without a defined maturity, which includes credit cards, open
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Signs of optimism in Greek banks' Q2 results but NPL challenge lies ahead
Agora, similar to the rate posted in Q1. At the same time, the stock of non-performing exposures (NPE... an improvement in the deposit cost. It is worth noting that the new time deposit rate in the Greek market... of Q2 results, two banks guided for a 10-20 basis points reduction in the new time deposit rate
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Reflections on Greece's balance of payments
Agorain the BOP can be influenced by exchange rate movements. Since all 19 euro area countries use the same currency, there is no exchange rate factor that distinguishes one member from another. All face the same exchange rate. The data presented are measured quarterly. We compute a moving sum of four quarters
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Loan and deposit rates edge down in May but remain above euro area average
EconomyMacroeconomyFollowing a drop by 10 basis points (bps) in April, the interest rate on households’ new time... to date reduction stands at 30 bps, while the current rate is half the record high of 5 percent posted... deposit rate is gradually falling, it remains more than 100 bps above the respective euro-area average
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New overdue taxes rise by 489 mln in Mar, total legacy and new debt at 104.5 bln
EconomyMacroeconomyat 2.51 billion euros compared to 2.04 billion in February. The VAT collectability rate rose to 91.5... from 1.10 billion in the previous month. On an aggregate basis, in Q1 the VAT collectability rate came... The collectability rate for the month edged down to 58.2 percent from 60.4 percent in February. For the first
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Greek banks conclude series of corporate actions as part of restructuring
EconomyBankingHoldings, a company owned by Tourism Enterprises of Messinia (controlled by the Konstantakopoulos family) and D-Marine Investment Holding. The latter is based in Amsterdam and operates as a subsidiary... Bank Cyprus (PBC), to Holding M. Sehnaoui for a consideration of 3.2 million. The transaction
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Newsletter 395 - 29/09/2023
participation to almost full ownership at 98.6 pct holding. As HFSF opted to sit out the subsequent capital increases, its share was substantially diluted, essentially losing its entire holding... in the share capital of Eurobank, setting in motion its plan to dispose of its holdings in the four
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State braces for losses as bank divestment plan is put into action
EconomyBankingof state capital, which pushed up state participation to almost full ownership at 98.6 pct holding. As HFSF... losing its entire holding in Eurobank, and its stake fell from 95.23 pct in the end of 2013... of its holdings in the four systemic banks, bringing to a close a long period of state involvement
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Newsletter 42 - 11/09/2015
and 1.3 percent in 2016, turning to a strong growth rate of 2.7 percent in 2017. These are in line... seasonally adjusted unemployment rate edged up to 25.2 percent in June from 25 percent in May... jobless rate is attributed to the number of employed falling. The June headline figure is the second
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Greek Pharmaceuticals: The little pill with big potential
EconomyFeatures, since 2011 to 2014 the Greek rate of death in absolute terms has consistently overtaken the birth rate. In 2012, the birth rate fell below 100,000 a year for the first time since ELSTAT’s records began...-cutting exercise. According to IMS Health Holdings Inc, who track drug consumption, generic drugs have
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