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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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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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Deposits up again in December but credit contraction continues apace
EconomyMacroeconomy). Net inflows stood at 2.35 billion in December from 394 million in November. The positive flow... performance led the net flow for whole year turning positive to 2.24 billion in 2013 from outflows... month on month (mom) for the ninth consecutive month on net deductions of 173 million in December from
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National Bank reports 1.15 bln H1 profit on back of 1 bln deferred tax
EconomyBankingNational Bank’s reported net profit reached 1.15 billion euros in the first half (H1) of the year... to the recognition of additional deferred tax asset (DTA) of 994 million. Excluding one-offs, net profit landed at 109 million in H1 from 311 last year, down 65 percent. On a quarterly basis though, Q2 net profit
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Credit in Greece contracts by 3.5 pct in August
EconomyMacroeconomypercent month on month (MoM) to 213.53 billion. Monthly net deductions fell to 478 million euros in August, which is the second lowest reading so far this year. In July, net deductions stood at 1.16... straight month. Net deductions eased to 263 million euros in August from 322 million in July
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Contraction in Greek credit eases slightly to 3 percent in November
EconomyMacroeconomymonth by just 109 million month on month (MoM) to 212.42 billion. Monthly net deductions also dropped... in November is primarily due to household lending net deductions of 159 million, while there were net... to 97.32 billion euros. Net deductions more than halved to 159 million in November from 355 million
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Greek bank credit contracts by 2.5 pct in March
EconomyMacroeconomyreading since November 2011. However, the monthly flow turned negative with extended net deductions of 639 million euros from modest net additions of 74 million in February. The negative flow in March is almost equally split between household and corporate net deductions of 328 and 303 million
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