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EconomyMacroeconomy
Greek deposits nosedive by 12.8 bln in Jan as balances reach lowest point since Aug 2005 Greek private sector deposits fell for the fourth successive month in January at the accelerating pace of 7.6 percent month on month (MoM), with balances reaching 148.04 billion euros, according to the Bank of Greece (BoG).
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EconomyMacroeconomy
Greek credit falls by 2.9 pct in Jan as lending balances reach 214 bln Greek bank credit contracted by 2.9 percent year on year (YoY) in January, which is slightly slower than the 3.1 percent recorded in December, according to the Bank of Greece (BoG).
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Economy
The government decisions that could shape the future of Greek banks A number of the new government’s announcements over the last few days have brought the prospects of Greece’s four systemic banks, which are among the largest listed companies in the Athens Stock Exchange and whose trading activity accounts for more than half of the daily turnover, back into focus.
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Economy
S&P acts in wake of ECB decision and downgrades Greek rating to B- S&P lowered on Friday evening its long-term rating on Greece by one notch to ‘B-‘ from ‘B’, while it maintained the CreditWatch negative, which was placed on January 28.
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Economy
What are the implications of the ECB's decision for Greek banks? The European Bank took a surprising decision on Wednesday night to lift the waiver on the use of Greek government bonds as collateral by local banks. Below we examine where this decision leaves Greek lenders.
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Economy
ECB refuses Greek government bonds as collateral: What does it mean? In an unexpected move, the European Central Bank announced on Wednesday night that it is lifting the waiver on Greek banks using junk-rated government bonds as collateral for funding.
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EconomyMacroeconomy
Greek time deposit rate falls to 1.82 pct in Dec, lowest during euro membership The interest rate on households’ new time deposits continued heading south for the ninth straight month in December, when it fell by 6 basis points (bps) to 1.82 percent, according to the Bank of Greece (BoG).
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Economy
The state of play with Greek banks' liquidity The ECB is expected to decide on Wednesday, February 4, on the extension for another 2 weeks of Greek banks’ access to Emergency Liquidity Assistance (ELA) funding.
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EconomyMacroeconomy
Greek deposits down 4.2 bln in Dec for highest outflows since June 2012 Greek private sector deposits fell for the third straight month in December, when they declined by 2.4 percent month on month (MoM). Balances reached 160.29 billion euros, according to the Bank of Greece (BoG).
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EconomyMacroeconomy
Greek credit contracts by 3.1 pct in December The rate of contraction in Greek bank credit slightly accelerated to 3.1 percent in December from 3 percent in November, according to the Bank of Greece (BoG). However, this was the second lowest negative reading since November 2011.