Search
-
Narrowing of trade deficit slows in November as exports fall 22.5 pct
EconomyMacroeconomyimprovement of Greece’s Current Account (C/A) balance so far in 2013. Latest BoG figures show the C
3% -
Greek trade deficit narrowed 11 pct in 2013 but exports marginally negative
EconomyMacroeconomyBoG figures show the C/A balance turned positive in 2013 (for the first time since 1948) posting a C
3% -
Greek deposits fell by 1.4 pct in January amid outflows of 2.3 bln
EconomyMacroeconomyGreek private sector deposits fell 1.4 percent month on month (mom) in January with balances reaching 161.03 billion euros, according to the Bank of Greece (BoG). Net flow turned negative with outflows of 2.39 billion, fully offsetting the inflows of 2.35 billion recorded in December. The negative
3% -
Greek recession slowed from revised 7 pct in 2012 to 3.9 pct last year
EconomyMacroeconomy. Bank of Greece (BoG) data showed a C/A surplus of 1.24 billion (0.7 percent of GDP) in 2013
3% -
Slight rise in deposits for March but outflows at 2.2 bln for 2014
EconomyMacroeconomyGreek private sector deposits rose 0.3 percent month on month (MoM) in March, with balances reaching 161.05 billion euros, according to the Bank of Greece (BoG). Net flow turned positive for the first time since December with inflows amounting to 501 million in March from outflows of 318 million
3% -
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
3% -
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
3% -
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
3% -
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
3% -
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
3%