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Banking system showed deposit inflows for second straight month, at 531 mln in Sept
EconomyMacroeconomyGreek private sector deposit flow remained positive for the second successive month with inflows at 531 million in September 2015 from 449 million in August, Bank of Greece (BoG) data displayed.... According to the BoG statement, these decisions reflected the reduction of uncertainty
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Credit contraction slows to 1.5 pct in Sept on marked drop in corporate loan deductions
EconomyMacroeconomyBank credit contraction slightly decelerated to 1.5 percent in September from 1.6 percent in August, Bank of Greece (BoG) figures displayed on Tuesday. The lending flow remained negative...-performing exposures (NPEs) with the latest BoG figures calling for an NPE ratio at 40.8 percent
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Greece and lenders far apart on foreclosures as housing NPLs keep rising
EconomyProgrammeproperty value. According to the latest data from the Bank of Greece (BoG) for the end of 2014, housing..., the respective figure rises to 35.6 percent of housing loans, according to BoG. NPE includes forborne
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Apartment prices fall at an accelerating pace of 6.1 pct in Q3
EconomyMacroeconomyGreek apartment prices fell by 6.1 percent in the third quarter (Q3) of 2015, at an accelerating pace compared to the downward revised 5 percent drop recorded in Q2, Bank of Greece (BoG) data showed... in housing transactions, BoG did not update its Q3 transaction-related indices regarding appraisals as well
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Deposit flow turns negative with outflows of 681 mln in Oct
EconomyMacroeconomyGreek private sector deposit flow turned negative, with outflows of 681 million euros in October after the upward revised inflows of 561 million recorded in September, Bank of Greece (BoG) data... banks by a total amount of 5.3 billion to 85.7 billion by November 19. BoG said that ECB decisions
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Rate of credit contraction edges up to 1.6 pct in Oct
EconomyMacroeconomyGreek bank credit contraction accelerated slightly to 1.6 percent in October from 1.5 percent in September, Bank of Greece (BoG) figures showed on Thursday. The net lending flow remained negative...-performing exposures (NPEs) with the latest BoG figures pointing to an NPE ratio at 40.8 percent
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Pension reform wrangle prompts Greece to consider going own way on contributions rise
EconomyProgrammeagainst this option. The Bank of Greece (BoG) also noted in its recent interim monetary policy... could undermine competitiveness, growth and employment. BoG’s rationale is similar to that expressed
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Primary cash surplus notably widens by 1.9 bln to 4.48 bln by November
EconomyMacroeconomy(BoG) figures showed on Thursday. Excluding several one-off items related to revenues from... a year ago. The breakdown of BoG items displayed revenues dropped 4.6 percent to 39.93 billion, yet
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Credit contraction further accelerates to 2.2 pct in November
EconomyMacroeconomyGreek bank credit contraction further accelerated to 2.2 percent in November from an upward revised 2 percent in October, Bank of Greece (BoG) figures displayed on Wednesday. The net lending flow...-performing exposures (NPEs). According to BoG latest figures, the NPE ratio stood at 42.1 percent
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Deposit inflows of 2.65 bln in Dec, highest positive flow since Feb 2013
EconomyMacroeconomyThe Greek banking system displayed deposit inflows of 2.65 billion euros in December following outflows of 390 million in November, Bank of Greece (BoG) figures showed on Friday. In absolute terms... residents’ outflows of 601 million. BoG figures also showed that banknotes in circulation fell
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