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Primary cash surplus widens to 2.85 bln in Q1
EconomyMacroeconomyGreece’s central government primary cash balance improved to 2.85 billion euros in the first quarter (Q1) of 2016 from 1.19 billion last year, Bank of Greece (BoG) figures showed on Wednesday. In March, the primary cash surplus widened by 11.1 percent to 763 million from 687 million
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Travel receipts drop 6.7 pct in Feb, balance turns to deficit of 3.8 mln
EconomyMacroeconomyGreece's travel receipts fell for the second straight month in February, when they declined by 3.8 percent to 133.7 million euros in February, Bank of Greece (BoG) figures showed on Thursday. At the same time, the corresponding payments slipped 1.4 percent to 137.5 million euros, leading
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Marginal deposit inflows of 55 mln in March
EconomyMacroeconomyGreek private sector deposits recorded marginal inflows of 55 million euros in March from outflows of 548 million in February, Bank of Greece (BoG) data displayed on Wednesday. However, the outstanding deposit balance eased for the third straight month by 220 million euros to 121.47 billion
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Corporate lending rates fell in March, time deposit rate slightly down to a new low of 0.88 pct
EconomyMacroeconomyGreek households’ new time deposit rate eased for the third straight month, albeit modestly, by 3 basis points (bps) to 0.88 percent in March, Bank of Greece (BoG) data displayed on Wednesday. The headline figure indicates a new low for time deposit rates since 2002. Since the imposition of capital
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Drop in building activity slows to 12.2 pct in February
EconomyMacroeconomywith cumulative net deductions close to 12.7 billion over this period. BoG latest figures show almost 40
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Primary cash surplus improves to 2.93 bln at end of April
EconomyMacroeconomyGreece’s central government primary cash balance significantly widened to 2.93 billion eurso in the 4-month period of 2016, from 1.05 billion in the corresponding period last year, according to Bank of Greece (BoG) figures. The monthly figure also improved, with the primary cash balance showing
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Travel receipts rebound 8.2 pct in March, but surplus drops 3.6 pct
EconomyMacroeconomyGreece's travel receipts rebounded 8.2 percent to 220.6 million euros in March after dropping in the preceding two months, Bank of Greece (BoG) figures showed on Monday. Meanwhile, the corresponding payments rose at a higher pace of 13.7 percent to 158.5 million, resulting in a drop of the March
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Marginal deposit flow in April for second straight month
EconomyMacroeconomyGreek private sector deposit flow remained minimal for the second straight month with the system recording outflows of just 40 million in April from inflows of 55 million in March, Bank of Greece (BoG) data showed on Tuesday. The outstanding deposit balance slipped for the fourth successive month
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Newsletter 76 - 03/06/2016
on private sector deposits disclosed by the Bank of Greece (BoG) on Tuesday showed the deposit flow
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Corporate lending rates resume upward trend in April, time deposit rate stable
EconomyMacroeconomyGreek households’ new time deposit rate slipped by 1 basis point (bp) to 0.87 percent in April from 0.88 percent in March, Bank of Greece (BoG) data showed on Friday. The headline figure indicates the lowest reading since 2002 and remains 27 bps above the euro area average of 0.60 percent. The new
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