Search
-
Greek time deposit rates fall further in August
EconomyMacroeconomyThe interest rate on households’ new time deposits dropped by a further 15 basis points (bps) to 2.13 percent in August, according to the Bank of Greece (BoG). The year to date decline, which occurred over the last five months, reached 68 bps. In the 8-month period, the rates of the 3-month
13% -
Greek banks see Eurosystem funding drop to lowest level since 2009 in September
EconomyMacroeconomyGreek banks’ Eurosystem funding dropped by another 2 billion euros in September, reaching 42.57 billion according to the Bank of Greece's (BoG) monthly financial statement. The September figure is the lowest reading since November 2009. Since May, when the Emergency Liquidity Assistance (ELA
13% -
Newsletter 1 31/10/2014
respectively. In an interview with Kathimerini daily, the BoG governor Yannis Stournaras
13% -
Greek credit contracts by another 3.5 pct in Sept as balances ease to 212 bln
EconomyMacroeconomyThe rate of Greek credit contraction remained at 3.5 percent in September, unchanged from the previous month, according to the Bank of Greece (BoG). Balances eased 0.35 percent month on month (MoM) to 212.78 billion euros. Monthly net deductions remained above the 400-million-euro mark
13% -
Greek deposits increase for seventh straight month, reaching 164 bln
EconomyMacroeconomyGreek private sector deposits increased for the seventh successive month by 0.3 percent month on month (MoM) in September, with balances reaching 164.75 billion euros, according to the Bank of Greece (BoG). The year on year (YoY) growth rate accelerated for the third straight month to 2.1 percent
13% -
Greek deposit and loan rates slide in September
EconomyMacroeconomyThe interest rate on households’ new time deposits slipped by 5 basis points (bps) to 2.08 percent in September, according to the Bank of Greece (BoG). This was the lowest month on month drop since March. Following September movement, the year to date contraction stands at 72 bps, reflecting
13% -
Greek banks' Eurosystem funding rises by 1.28 bln in October after five-month fall
EconomyMacroeconomyFollowing a drop in the preceding five months, Greek banks’ Eurosystem funding rose by 1.28 billion euros in October, according to the Bank of Greece's (BoG) monthly financial statement. The Emergency Liquidity Assistance (ELA) funding, which was eliminated in May, was at just 0.71 million euros
13% -
Greece returns to growth after long recession, GDP figures show
EconomyMacroeconomyto BoG latest data. Overall, tourism is expected to be the most positive contributor to the anticipated
13% -
Travel receipts up again in September, reaching 2.3 bln
EconomyMacroeconomyGreece's travel receipts grew for the fourth straight month by 10.9 percent to 2.28 billion euros in September, according to the Bank of Greece (BoG). At the same time, travel payments fell by 3.4 percent to 182 million. As a result, the travel surplus grew to 2.1 billion euros, at a higher-than
13% -
Credit down by 3.2 pct in Oct for lowest contraction since Dec 2011
EconomyMacroeconomyThe rate of credit contraction in Greece decelerated to 3.2 percent in October from 3.5 percent in September, according to the Bank of Greece (BoG). This was the lowest negative reading since December 2011. Balances slipped for the fourth successive month by 0.1 percent month on month (MoM
13%