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Deposit outflow slows to 2.19 bln in Mar as balances slip to lowest in 10 yrs
EconomyMacroeconomyGreek private sector deposit outflows slowed to 2.19 billion in March from 7.63 billion in February, according to the Bank of Greece (BoG). Deposit balances slipped to 138.56 billion, which is the lowest reading since March 2005. The negative flow in February primarily reflects time outflows of 2.1
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Greek bank credit contracts by 2.5 pct in March
EconomyMacroeconomyGreek bank credit contracted by 2.5 percent in March - similar to the reduction in February - according to the Bank of Greece (BoG). This means that the current rate remains the lowest negative reading since November 2011. However, the monthly flow turned negative with extended net deductions
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Uptick in time deposit rates, mixed trends in corporate loans
EconomyMacroeconomyThe interest rate on households’ new time deposits edged up by 2 basis points (bps) to 1.83 percent in March from 1.81 percent in February, according to the Bank of Greece (BoG). Despite the marginal increase over the last two months, the time deposit rate remains at the low end in the post-euro
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Travel receipts up 13.3 pct in March as tourist arrivals increase by 34.4 pct
EconomyMacroeconomyGreece's travel receipts rose at a slower rate of 13.3 percent in March from 16.2 percent in February, according to the Bank of Greece (BoG). The absolute figures showed travel receipts stood at 205.1 million euros in March from 181.1 million last year. Travel payments increased at a higher pace
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Greek credit contracts by 2.4 pct in April for slowest drop since 2011
EconomyMacroeconomyGreece's credit contraction marginally decelerated to 2.4 percent in April from 2.5 percent in March, according to the Bank of Greece (BoG). The April headline figure is the slowest drop since October 2011. The monthly flow remained negative for the second straight month with net deductions easing
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Minor movements in Greek deposit and loan rates in April
EconomyMacroeconomyThe interest rate on Greek households’ new time deposits eased by 1 basis point (bp) to 1.82 percent in April from 1.83 percent in March, according to the Bank of Greece (BoG). Since January, and despite the extended outflows of 31.5 billion euros, the time deposit rate has remained at its lowest
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Newsletter 30 - 12/06/2015
to a cash management account at the Bank of Greece (BoG). The government ordered this move to cover
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Travel receipts rise by 16.3 pct in April on jump in arrivals
EconomyMacroeconomyThe growth rate of Greece's travel receipts accelerated to 16.3 percent in April from 13.3 percent in March, according to the Bank of Greece (BoG). In absolute numbers, travel receipts reached 476.6 million in April 2015 from 410 million in the corresponding period last year. At the same time
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What capital controls will mean for Greek banks, customers and the economy
Economynot apply to transactions with the Bank of Greece (BoG), cross-border payment orders concerning credit
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Greek deposit rate almost stable, loan rate slightly up in May
EconomyMacroeconomyThe interest rate on Greek households’ new time deposits marginally slipped for the second straight month by 1 basis point (bp) to 1.81 percent in May from 1.82 percent in April, according to the Bank of Greece (BoG). In spite of the significant deposit outflows of 35.3 billion since last December
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