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Credit contraction continues in July with 1.2 pct decline
EconomyMacroeconomyThe pace of credit contraction in the Greek market marginally decelerated in July, reaching 1.2... and 266 million in the household and corporate lending sectors respectively. Credit to non-financial... billion euros while credit to insurance corporations had monthly net increases of 266 million to nearly 7
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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.... Since the imposition of capital controls at the end of June 2015, the new time deposit rate has... euros fell in June. In specific, those for amounts up to 250,000 euros dropped by 29 bps to 5.68
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BoG shows lower deposit rates and a sharper drop in loan rates in June
EconomyMacroeconomypercent in June, according to the Bank of Greece (BoG). In contrast to the first quarter of the year... on new deposits fell 8 bps to 1.51 percent in June from 1.59 percent in May. The movement in the new loan rates was more pronounced with the average rate falling by 54 bps to 4.92 percent in June, which
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Credit to corporations contracts in July, bringing total loans down 1.27 bln MoM
EconomyMacroeconomyan inflow of 2.36 billion euros in June. Within corporate lending, the flow of credit to non...The credit expansion in the Greek private sector remained solid in July, rising by 10.5 percent... euros in June, with strong inflows over the last few months. The outstanding balance was 124.75
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Newsletter 241 - 28/02/2020
, following the debt relief measures that Greece was granted in June 2018, which, in the creditor’s view...-‘ credit rating, which is a prerequisite of participating in the Hercules scheme. The Hercules Asset... cost of credit risk. This cost consequently restricts the net profit margin of banks.” The bank went
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Newsletter 454 - 07/03/2025
of the issues raised by the EODOASAAM report was the handling of the crash site by the authorities... of the key officials at the crash site, should face a preliminary judicial inquiry in Parliament... whether there was an attempt to obstruct the forensic investigation of the crash site, and has the power
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Moody's explains cautious approach to Greek credit rating upgrade
EconomyContrary to the expectations that it might upgrade Greece’s credit rating during a scheduled update... and the outlook positive. Moody’s closes this round of credit rating reviews for Greece, which started... was S&P in June at ‘B+’, following the Eurogroup agreement that settled the debt relief measures
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Credit contraction edges up to 2.1 pct in Jan on deductions of 512 million
EconomyMacroeconomyGreek bank credit contraction slightly accelerated to 2.1 percent in January from 2 percent... had indicated a positive flow for the first time since June 2015. The January deductions mostly... highest negative reading over the last 12 months. Consumer credit balances fell to 25.46 billion euros
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Bank credit contracts by 1.7 pct in September on loan deductions of 355 million
EconomyMacroeconomyThe rate of credit contraction in the Greek market remained stable at 1.7 percent in September... at the end of September, which is the lowest reading since June 2007. The monthly net deductions slowed... at 65.38 billion. Deductions in consumer credit climbed to 121 million in September, which is by far
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