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Greek loan rates remained well above euro area average in October
EconomyMacroeconomyThe interest rate on households’ new time deposits was further reduced by 14 basis points (bps) to 1.94 percent in October, according to the Bank of Greece (BoG). This was the first reading below the 2-percent mark since Greece’s accession in the eurozone in 2002.
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Greek deposits down 0.2 pct in October after seven months of rises
EconomyMacroeconomyFollowing a rise in the preceding seven months, Greek private sector deposits fell by 0.2 percent month on month (MoM) in October. Balances reached 164.5 billion euros, according to the Bank of Greece (BoG).
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Credit down by 3.2 pct in Oct for lowest contraction since Dec 2011
EconomyMacroeconomyThe rate of credit contraction in Greece decelerated to 3.2 percent in October from 3.5 percent in September, according to the Bank of Greece (BoG). This was the lowest negative reading since December 2011.
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Piraeus Bank posts net loss of 1.56 bln in Q3
EconomyBankingPiraeus Bank posted a net loss of 1.56 billion euros in the third quarter (Q3) of 2014 from a profit of 164.3 million in Q2, according to results published late on Tuesday.
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Greek banks' Eurosystem funding rises by 1.28 bln in October after five-month fall
EconomyMacroeconomyFollowing a drop in the preceding five months, Greek banks’ Eurosystem funding rose by 1.28 billion euros in October, according to the Bank of Greece's (BoG) monthly financial statement.
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Eurobank reports loss of 186.6 mln in Q3
EconomyBankingEurobank reported a net loss of 186.6 million euros in the third quarter (Q3) from 301.1 million in Q2.
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National Bank posts 9-month profits of 1.18 bln
EconomyBankingNational Bank (NBG) posted nine-month (9M) net profits of 1.18 billion euros, from 262 million last year, the lender announced on Thursday.
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Alpha Bank nine-month profits at 110.3 mln, NPL ratio at 33.6 pct
EconomyBankingAlpha Bank reported on Tuesday a nine-month (9M) net profit of 110.3 million euros from 3.13 billion last year.
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Greece sets out plans for settling SME NPLs; mortgages to come
EconomyThe outgoing Development Minister Nikos Dendias presented on Monday the much anticipated legislation on the settlement of corporate non-performing loans (NPLs).
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Greek deposit and loan rates slide in September
EconomyMacroeconomyThe interest rate on households’ new time deposits slipped by 5 basis points (bps) to 2.08 percent in September, according to the Bank of Greece (BoG). This was the lowest month on month drop since March.