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Eurobank posts net profits of 38 mln in Q4 and 230 mln in 2016
EconomyBankingposted outflows of 2.3 billion in the first two months of the year, according to Bank of Greece (BoG
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Marginal drop in time deposit rate, sharp decline in corporate lending rates in Feb
EconomyMacroeconomyGreek households’ new time deposit rate dropped by another 2 basis points (bps) and landed at 0.67 percent in February, Bank of Greece (BoG) figures showed on Friday. The headline figure represents a new record low since 2002, when Greece entered the eurozone. It stands 24 bps above the euro area
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Travel receipts fall by another 3.1 pct in Feb on lower spending
EconomyMacroeconomyGreece's travel receipts continued to fall in February, when they dropped by 3.1 percent, after a decrease of 2.4 percent in January, Bank of Greece (BoG) figures showed on Friday. The absolute figure landed at 145.1 million euros in February, while the corresponding payments fell significantly
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Credit standards and demand for corporate, household loans stable in Q1
EconomyMacroeconomyCredit standards for both corporate and household loans stayed unchanged from the previous quarter in the first quarter (Q1) of 2017, in line with earlier expectations, Bank of Greece (BoG) bank lending survey (BLS) showed on Tuesday. The survey mainly incorporates data of the four systemic banks
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Newsletter 116 - 28/04/2017
from the previous quarter, in line with earlier expectations, the Bank of Greece (BoG) bank lending
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Deposit interest rates broadly stable in March, average loan rate down slightly
EconomyMacroeconomyGreek households’ new time deposit rate edged down 1 basis point (bp) to 0.66 percent in March, Bank of Greece (BoG) figures showed on Monday. The headline figure is a new record low since Greece’s accession to the eurozone in 2002, while remains 24 bps above the euro area average rate of 0.42
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Office prices rebound 0.6 pct in 2016 for first time since 2010, retail space prices edge down 0.4 pct
EconomyMacroeconomyThe office prices in Greece edged up 0.2 percent from the previous period in the second half (H2) of 2016, after an upward revised stronger growth of 0.6 percent in H1, Bank of Greece (BoG) data revealed on Thursday. The headline figure indicates the second straight positive reading. The year
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Travel receipts drop by 7.8 pct in March, higher fall in payments leads to soaring balance
EconomyMacroeconomyGreece's travel receipts fell by 7.8 percent in March, declining at a sharper pace than the 3.1 percent drop which was recorded in February, Bank of Greece (BoG) figures showed on Tuesday. Receipts stood at 203.3 million euros in March, while the corresponding payments recorded a fall of 33 percent
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Deposit flow turns negative again in April with outflows of 139 mln
EconomyMacroeconomyThe deposit flow in the Greek banking system turned negative again in April, with outflows of 139 million following inflows of 278 million in the previous month, Bank of Greece (BoG) figures showed on Monday. As a result, the private sector deposit balance edged down to 119 billion in April
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Q1 GDP provides a positive surprise with 0.4 pct quarterly growth
EconomyMacroeconomyby 4.5 percent QoQ and grew 8 percent YoY. The latest figures from the Bank of Greece (BoG) showed
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