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Credit contracts by 4.1 pct in March, loans down by 3.4 pct
EconomyMacroeconomyThe year on year (YoY) credit contraction in the Greek market slightly accelerated to 4.1 percent in March from 4 percent in the preceding two months, with balances reaching 215.88 billion euros, according to the BoG. Loan balances slipped 0.4 percent MoM for the twelfth successive month with net
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Q1 GDP contracts 1.1 pct as Greece eyes growth in 2014
EconomyMacroeconomyto the Bank of Greece (BoG). The Association of Greek Tourism Enterprises (SETE) expects a further rise
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How Greek banks moved into a new era
Agoraand 425 million respectively) determined by the BoG, enabled the two banks to pay back their state
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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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