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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
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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
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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
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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
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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
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Greek deposits down 0.2 pct in October after seven months of rises
EconomyMacroeconomyFollowing a rise in the preceding seven months, Greek private sector deposits fell by 0.2 percent month on month (MoM) in October. Balances reached 164.5 billion euros, according to the Bank of Greece (BoG). However, the year on year (YoY) growth rate accelerated for the fourth successive month
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Greek loan rates remained well above euro area average in October
EconomyMacroeconomyThe interest rate on households’ new time deposits was further reduced by 14 basis points (bps) to 1.94 percent in October, according to the Bank of Greece (BoG). This was the first reading below the 2-percent mark since Greece’s accession in the eurozone in 2002. The drop in October led the year
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Accommodation and food services index up 7.6 pct in Q3
EconomyMacroeconomyin the broader tourism sector evident in the previous relevant releases. Indeed, Bank of Greece (BoG
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Greek banks' Eurosystem funding rises again in November, up by 1 bln
EconomyMacroeconomyGreek banks’ Eurosystem funding increased for the second straight month in November, when it rose by 1 billion euros, according to the Bank of Greece's (BoG) monthly financial statement on Wednesday. The monthly movement fully reflects a similar change in European Central Banks funding
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Building activity down again in September but at slower rate of -11.2 pct
EconomyMacroeconomythe Bank of Greece (BoG) in November showed that apartment prices, which are indirectly related
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