Search
-
Eurobank remains profitable with net profits of 46.2 mln in Q2
EconomyBankingwith lower expenses led the cost-to-income ratio down to 47.5 percent in Q2 from 49.2 percent in Q1... to 13.7 billion in August, while ECB funding recorded a more modest drop from 4.7 billion in March.... The ongoing deleveraging led gross loans down by around 300 million QoQ to 51 billion, while deposits
12% -
Time deposit rate falls to record low of 0.71 pct, loan rate drops to 4.83 pct
EconomyMacroeconomyin the time deposit rate led the weighted average rate on all new deposits down by 2 bps to 0.35... the rate in loans to sole proprietors slipped by 3 bps to 7.36 percent. Overall, the drop in corporate loan rates led the weighted average rate on new loans down by 18 bps to 4.83 percent in November after
12% -
Credit contraction rises to 1.6 pct in Jan on extended deductions of 885 mln
EconomyMacroeconomy, with the balance edging down to 13.11 billion. On the household front, the acceleration in deductions led..., with cumulative net deductions of 40.8 billion euros over this period, which have led the loan stock down by almost 25 percent. The biggest drop over this six-year period has been recorded in consumer credit
12% -
PMI rebounds to 47.7 in Feb but shows deterioration for sixth straight month
EconomyMacroeconomydeterioration reflects a further drop in new business and output, while lower production also led... evident since last September. It also led to a decrease in post-production inventories for the 100th
12% -
Eurosystem funding drops at sharper pace of 3.6 bln in Jan
EconomyMacroeconomya drop of 1.87 billion in December, the Bank of Greece's (BoG) monthly financial statement showed... monthly decrease in ECB funding led to a change in the funding mix, with ELA funding making up almost 68... at a rapid pace amid political and economic uncertainty that also led to extended deposit outflows
12% -
Georgiou conviction may test relationship with lenders
PoliticsGreek Politicsprosecutor ordered last month a second review of the decision to drop the investigation into Georgiou over... deflect any blame for Greece’s fiscal derailment from the conservative government, led by Kostas... the previous, New Democracy-led government. The judicial official ruled that a decision
12% -
Retail sales continue their rise in July as consumer confidence improves
EconomyMacroeconomyin sales with a drop of -4.6 percent. Volumes increased on most categories, led by furniture..., which rose by 2.6 percent. Retail sales in stores led the way with a 13.2 percent rise, followed
12% -
Newsletter 144 -15/12/2017
members are worried that the protests at the auctions are often instigated by groups led by former... of Greece's (BoG) monthly financial statement. The reduction led central bank funding to stand at 32.88... was driven by a drop in Emergency Liquidity Assistance (ELA) funding by 2.90 billion euros to 19.85 billion
12% -
Current account deficit at 624.1 mln in October as goods balance worsens
EconomyMacroeconomy, which led the balance to stand at 1.38 billion euros versus last year’s figure of 1.18 billion.... Travel payments fell by 4.3 percent, which led the travel surplus to increase by 12.9 percent..., stemming largely from an 10.4 billion-euro drop in residents' holdings of foreign bonds and T
12% -
Newsletter 164 -08/06/2018
and services rising by 1.4 percent QoQ, led primarily by exports of goods which rose by 5.1 percent QoQ... of those who are unemployed continue to improve, with the latest month showing a drop in unemployed... of ships, aggregate exports and imports increased by 13.5 and 8.1 percent, respectively. This led
12%