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Stable credit standards and mixed trends in demand for Greek loans in Q4
EconomyMacroeconomyCredit standards for both corporate and household loans were kept broadly unchanged in the last quarter (Q4) of 2015, Bank of Greece (BoG) bank lending survey (BLS) data displayed on Tuesday. Greek BLS is published since Q1 2015 and largely involves data related to the four systemic banks
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Primary cash surplus improves 2.5 times to 3.49 bln in 2015
EconomyMacroeconomyGreece’s central government primary cash surplus substantially improved by almost 2.5 times to 3.49 billion in 2015 from 1.42 billion in 2014, Bank of Greece (BoG) figures displayed on Wednesday. Stripping out extraordinary items related to revenues from the repayment of banks’ preference shares
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Travel receipts rise 16 pct in Nov as surplus soars 84.3 pct
EconomyMacroeconomyGreece's travel receipts rebounded by 16 percent in November after a 4.1 percent drop in October, Bank of Greece (BoG) figures showed on Thursday. In absolute terms, travel receipts reached 240.9 million euros in November, while the corresponding payments stood at 165.7 million, which represents
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Time deposit rate almost stable in December, average loan rate rises 17 bps
EconomyMacroeconomyGreek households’ new time deposit rate rose by 1 basis point to 1.02 percent in December, Bank of Greece (BoG) figures showed on Thursday. The uptick in December has ended a series of sharp falls totalling almost 80 bps since the imposition of capital controls at the end of June amid lack
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Primary cash surplus of 386 mln in Jan from deficit last year
EconomyMacroeconomyGreece’s central government primary cash balance displayed a surplus of 386 million euros in January from deficit of 149 million last year, Bank of Greece (BoG) figures showed on Wednesday. A similar pattern was also evident in the net balance of the central government, which posted a surplus
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Travel receipts grow 12.2 pct in Dec, surplus rises to 12.17 bln in 2015
EconomyMacroeconomyGreece's travel receipts rose at a double-digit rate for the second straight month in December, when they increased by 12.2 percent from 16 percent in November, Bank of Greece (BoG) data showed on Monday. The absolute figures showed that travel receipts stood at 205 million euros in December, while
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Time deposit rate almost flat in Jan, average loan rate falls 12 bps
EconomyMacroeconomyGreek households’ new time deposit rate remained broadly stable for the second straight month in January, when it eased marginally by 1 basis point (bp) to 1.01 percent in January, Bank of Greece (BoG) figures displayed on Wednesday. Since the imposition of capital controls, the new time deposit
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Turnover in the tourism sector falls 8 pct in Q4, first negative reading since Q1 2013
EconomyMacroeconomygrowth rate recorded in 2014. Bank of Greece (BoG) figures for 2015 showed travel receipts grew by 6
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Primary cash surplus quadruples to 2.09 bln in first two months of 2016
EconomyMacroeconomyGreece’s central government primary cash balance showed a 2.09 billion-euro surplus in the 2-month period of 2015, which is four times higher than last year’s figure of 503 million, Bank of Greece (BoG) figures displayed on Wednesday. The net balance of the central government also posted a surplus
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Greek banks: Taking stock of a rough 2015 and looking at what lies ahead
Agoraof the burden of ELA cost on banks, it is worth noting that the Bank of Greece (BOG) reported in its 2015
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