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Credit contraction accelerates to 2 pct in May on increased loan deductions of 357 mln
EconomyMacroeconomyGreek bank credit contraction edged up to 2 percent in May, after slowing to 1.9 percent in April, Bank of Greece (BoG) figures displayed on Monday. Net deductions increased to 357 million euros.... According to BoG, the NPE ratio rose to 44.2 percent at the end of last December, while edged up
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Credit standards for Greek loans stayed stable in Q2, small uptick in demand for large corporate loans
EconomyMacroeconomyCredit standards for both corporate and household loans were kept largely stable quarter on quarter (QoQ) in the second quarter (Q2) of 2016, in line with expectations, Bank of Greece (BoG) bank... in Q3. On the demand front, BoG said that it slightly rose QoQ for large corporate lending in Q2
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Newsletter 83 - 22/07/2016
from 139.9 million a year ago, according to the Bank of Greece (BoG). The deterioration fully... the deficits in goods, as well as primary and secondary income, narrowed. BoG figures also revealed
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Primary cash surplus more than doubles to 2.8 bln in first half of 2016
EconomyMacroeconomyGreece’s central government primary cash surplus widened to 2.76 billion euros in the first half of 2016 from 1.3 billion a year ago, accoding to Bank of Greece (BoG) figures published on Friday... by BoG.
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Government eases capital controls further, aiming to restore depositor confidence
Economythe institutions had also given their approval, which had been heralded by Bank of Greece (BoG) governor Yannis... in the course of July. The BoG is due to release an update on deposits with the evolution of June figures
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Minor uptick in time deposit and average loan interest rate in June
EconomyMacroeconomyGreek households’ new time deposit rate edged up by 1 basis point (bp) to 0.86 percent in June from 0.85 percent in May, Bank of Greece (BoG) data showed on Tuesday. This was the first uptick, albeit... significantly slowed in the 7-month period of this year. Overall, the BoG data displayed
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Eurosystem funding drops by another 4.3 bln in July, largely on reduced ELA reliance
EconomyMacroeconomy(BoG) monthly financial statement showed on Thursday. As a result, central bank funding fell... noting that the gross value of the collateral pledged with the BoG for ELA funding further declined
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Greece's latest GDP figures and what to expect for the rest of the year
Agorathe full year forecasts can be met. The Bank of Greece (BoG) and the European Commission (EC... by the BoG, EC and the OECD is now in sight. It is worth remembering that GDP contracted by 1.1 percent
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Credit contraction slows to 1.6 pct in July, loan deductions jump to 638 mln
EconomyMacroeconomyCredit contraction in the Greek banking market decelerated to 1.6 percent in July from 2 percent in June, Bank of Greece (BoG) figures showed on Friday. The July headline figure represents... to 108 billion at the end of 2015. According to the BoG, the NPE ratio edged up to 45.1 percent in March
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Q2 GDP rebounds 0.2 pct QoQ but shrinks 0.9 pct YoY amid consumption drop and investment rise
EconomyMacroeconomyof Greece (BoG) reported on August 19 that services receipts dropped by 14.6 percent in June and by 28.1... The European Commission and BoG project a modest recession of 0.3 percent for 2016, while the OECD
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