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Greek banks' Eurosystem funding at lowest since Jan 2010; ELA also wiped out
EconomyMacroeconomyGreek banks’ Eurosystem funding fell by 11.3 billion euros in May, the highest monthly drop since January 2013, according to the Bank of Greece's (BoG) monthly financial statement. The headline figure landed at 50.66 billion at the end of May, which is the lowest reading since January 2010
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Loan and deposit rates edge down in May but remain above euro area average
EconomyMacroeconomyFollowing a drop by 10 basis points (bps) in April, the interest rate on households’ new time deposits fell further by 18 bps 2.53 percent in May, according to the Bank of Greece (BoG). The year to date reduction stands at 30 bps, while the current rate is half the record high of 5 percent posted
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Greece ponders how to deal with rising unpaid private debt, which hit 88 pct of GDP
Economythe government council for the management of private debt and the BoG with the heads of troika
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Greek deposits inch up again in June, reaching 163.21 bln
EconomyMacroeconomyGreek private sector deposits increased 0.7 percent month on month (MoM) in June, with balances rising for the fourth straight month and reaching 163.21 billion euros, according to the Bank of Greece (BoG). Monthly net inflows more than doubled to 1.22 billion euros in June from 558 million in May
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Apartment prices see 22nd straight quarter of decline: Down 7.3 pct in Q2
EconomyMacroeconomyThe drop in apartment prices in Greece decelerated for the fourth successive quarter to 7.3 percent in Q2 2014 from 8.5 percent in Q1, according to the Bank of Greece (BoG). However, the Q2 figure indicates the twenty-second consecutive negative reading since Q1 2009. Apartment prices also dropped
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Greek banks' Eurosystem funding sees reduced drop of 334 mln in July
EconomyMacroeconomyFollowing a sharp drop by 13.88 billion euros in the preceding two months, Greek banks’ Eurosystem funding eased by just 334 million in July, according to the Bank of Greece's (BoG) monthly financial statement. The outstanding amount landed at 44.62 billion euros at the end of July, from 44.95
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Greek deposits inch up in July, reaching 163.22 bln
EconomyMacroeconomyGreek private sector deposits increased by 0.1 percent month on month (MoM) in July, the fifth successive monthly rise, with balances reaching 163.22 billion euros, according to the Bank of Greece (BoG). Monthly net flow turned marginally negative with outflows of 12 million euros in July from
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Strong tourism season confirmed by Q2 accommodation turnover
EconomyMacroeconomy. Bank of Greece (BoG) data on the 6-month travel receipts showed a rise of 13.4 percent to 3.94
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Greek banks' Eurosystem funding declines by another 53 mln in August
EconomyMacroeconomyGreek banks’ Eurosystem funding slipped by just 53 million euros in August - the slowest pace in 2014, according to the Bank of Greece's (BoG) monthly financial statement. The outstanding amount eased to 44.57 billion euros in August from 44.62 billion in July and is the lowest reading since
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Greek deposits up 0.6 pct to 164.23 bln in August, which sees year's highest inflows
EconomyMacroeconomyGreek private sector deposits rose 0.6 percent month on month (MoM) for the sixth straight month in August, with balances reaching 164.23 billion euros, according to the Bank of Greece (BoG). The year on year (YoY) growth rate accelerated for the second successive month to 1.2 percent in August
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