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Deposits rise for third straight month in May, reaching 162.1 bln
EconomyMacroeconomyGreek private sector deposits rose 0.4 percent month on month (MoM) in May, with balances reaching 162.1 billion euros, according to the Bank of Greece (BoG). The net flow remained positive... billion that had been posted until then. A recent BoG publication titled “The Chronicle of the Great
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Greek banks' Eurosystem funding drops to 44.95 bln in June, lowest since Jan 2010
EconomyMacroeconomyGreek banks’ Eurosystem funding dropped by another 5.71 billion euros in June, after falling by 11.3 billion in May, according to the Bank of Greece's (BoG) monthly financial statement. The headline... euros, which more than covered the capital needs of 6.4 billion identified by the BoG in early
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Greece sees tourist arrivals rise 12.6 pct in May but spending fall 10.6 pct
EconomyThe rate of increase in Greece's travel receipts significantly decelerated to 0.8 percent in May from 35.8 percent in April, according to the Bank of Greece (BoG). In absolute terms this corresponds... percent in June and 32.8 percent to June. The aggregate figures given by the BoG for the first five
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Tourist arrivals in June increase 13.7 pct, bringing significant rise in receipts
EconomyMacroeconomyAfter a temporary slowdown in May, Greece's travel receipts rebounded strongly in June, shooting up by 16.3 percent from 0.8 percent in May, according to the Bank of Greece (BoG). In absolute figures... by the BoG for the first half of 2014 showed travel receipts rose 13.4 percent to 3.94 billion
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Rate of credit contraction rises to 3.7 pct in July, balances fall
EconomyMacroeconomyThe rate of drop in Greek credit to the private sector accelerated to 3.7 percent in July from 3.5 percent in June, according to the Bank of Greece (BoG). Balances fell to 213.86 billion euros... to provide a comprehensive solution for the management of NPLs, the BoG has recently published
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National Bank reports 1.15 bln H1 profit on back of 1 bln deferred tax
EconomyBankingfor capital boost under Bank of Greece (BoG) capital standards. The bank estimates that the respective... includes upcoming capital actions of 1.04 billion euros approved by the BoG, while excludes any
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Building activity falls 10.7 pct in June after brief rise in May
EconomyMacroeconomyperiod. The latest figures provided by the Bank of Greece (BoG) showed that apartment prices fell... four years. According to the BoG, non-performing mortgage loans reached 25 billion in Q1 2014
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Greece sees travel receipts rise again in July to reach 2.74 bln
EconomyMacroeconomyGreece's travel receipts increased for the second straight month in July, rising by 14.4 percent, according to the Bank of Greece (BoG). They were up 16.3 percent in June. The absolute figures showed... and 15.8 percent in the 8-month period. The aggregate figures provided by the BoG for the 7-month
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Credit in Greece contracts by 3.5 pct in August
EconomyMacroeconomyThe rate at which credit to the Greek private sector is contracting slightly eased to 3.5 percent in August from 3.7 percent in July, according to the Bank of Greece (BoG). Balances dropped 0.2... dragging loan supply. The latest figures provided by the BoG governor Yannis Stournaras show that NPLs
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Greek building activity drops by another 8 pct in July
EconomyMacroeconomyby the Bank of Greece (BoG), apartment prices fell 7.3 percent in Q2 with the cumulative fall reaching..., housing non-performing loans reached 25 billion in Q1 2014, according to BoG, posing a serious threat
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