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  1. Rate of credit contraction rises to 3.7 pct in July, balances fall
    Photo by MacroPolis

    EconomyMacroeconomy

    in 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

    7%
  2. Credit contracts by slower rate of 2.1 pct in May
    Photo by MacroPolis

    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

    7%
  3. Bank credit contracts by 1.6 pct in Oct on loan deductions of 308 mln
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    1.7 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

    7%
  4. Greek deposits slip in October as credit also contracts by 3.9 pct

    EconomyMacroeconomy

    , with balances reaching 160.38 billion euros, according to the Bank of Greece (BoG). Net flow remained negative... million in September. The monthly flow reflects sight and savings net deductions at 439 million... on increased net deductions at 937 million in October from 568 million in September. October’s

    7%
  5. 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

    7%
  6. Credit contracts by 4.1 pct in March, loans down by 3.4 pct
    Photo by MacroPolis

    EconomyMacroeconomy

    , according to the BoG. Loan balances slipped 0.4 percent MoM for the twelfth successive month with net... net flow reflects corporate and household lending net deductions of 405 and 312 million.... Monthly net deductions remained flat MoM for the third straight month at 312 million. In particular

    7%
  7. National Bank reports 1.15 bln H1 profit on back of 1 bln deferred tax
    Photo by MacroPolis

    EconomyBanking

    National 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

    7%
  8. Credit in Greece contracts by 3.5 pct in August

    EconomyMacroeconomy

    percent 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

    7%
  9. Contraction in Greek credit eases slightly to 3 percent in November
    Photo by MacroPolis

    EconomyMacroeconomy

    month 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

    7%
  10. Greek bank credit contracts by 2.5 pct in March

    EconomyMacroeconomy

    reading 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

    7%