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Credit contraction accelerates to 1.3 pct in June on loan deductions of 206 mln
EconomyMacroeconomy, the outstanding balance fell further to 190.79 billion euros. Moreover, the net lending flow stayed negative for the second straight month, albeit with lower net deductions of 205.8 million from 395.1 million in the previous month. The negative flow in June reflects net deductions of 132.4 and 97.7 million
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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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Bank credit contracts by 1.6 pct in Oct on loan deductions of 308 mln
EconomyMacroeconomy1.7 percent in September, Bank of Greece (BoG) figures displayed on Monday. The monthly net deductions stood at 308 million euros in October, from 355 million in the previous month and reflect a net... reading since June 2007. Overall, the ongoing loan deleveraging of Greek banks has resulted in net
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April current account deficit at 1.34 bln as goods deficit grows
EconomyMacroeconomy. The BoG stated that the worsening of the goods balance deficit was attributable to a higher net oil... net travel receipts. Travel receipts rose by 7.2 percent to 1.62 billion in April, meaning... in all main subcategories. The goods deficit was driven mainly by a higher net oil import bill, while
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Banks remain largely profitable in Q2, with focus on NPL reductions
EconomyBankingimpact of 324 million). Net profits in Q2 came to 82 million versus losses of 232 million in Q1... a net profit of 465 million euros from continued operations in H1, compared to 245 million euros in H1 2019. On a quarterly basis, net results showed a profit of 58 million euros in Q2, dropping by 86
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