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EconomyMacroeconomy
Rate of credit contraction rises to 3.7 pct in July, balances fall The rate of drop in Greek credit to the private sector accelerated to 3.7 percent in July from 3.5 percent in June, according to the Bank of Greece (BoG). Balances fell to 213.86 billion euros in July from 214.81 billion a month ago.
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EconomyMacroeconomy
Greek deposits inch up in July, reaching 163.22 bln Greek private sector deposits increased by 0.1 percent month on month (MoM) in July, the fifth successive monthly rise, with balances reaching 163.22 billion euros, according to the Bank of Greece (BoG).
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Economy
How Greek banks' capital needs could be reduced by 2.3 bln Citing Ministry of Finance (MoF) sources, local media are reporting that the government is preparing a draft bill which will provide the legal framework for the conversion of Greek banks’ Deferred Tax Asset (DTA) into tax credit.
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EconomyMacroeconomy
Greek banks' Eurosystem funding sees reduced drop of 334 mln in July Following a sharp drop by 13.88 billion euros in the preceding two months, Greek banks’ Eurosystem funding eased by just 334 million in July, according to the Bank of Greece's (BoG) monthly financial statement.
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EconomyMacroeconomy
BoG shows lower deposit rates and a sharper drop in loan rates in June Τhe interest rate on households’ new time deposits dropped another 14 basis points (bps) to 2.39 percent in June, according to the Bank of Greece (BoG).
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Economy
Stress mounts ahead of ECB's tests on Greek banks A report over the weekend suggests that the Greek government has expressed concerns to its eurozone partners and the European Central Bank about the imminent stress tests on local banks.
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EconomyMacroeconomy
Greek deposits inch up again in June, reaching 163.21 bln Greek private sector deposits increased 0.7 percent month on month (MoM) in June, with balances rising for the fourth straight month and reaching 163.21 billion euros, according to the Bank of Greece (BoG).
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EconomyMacroeconomy
Credit contracts by 3.5 pct in June, balances at 214.81 bln Credit in the Greek market contracted by 3.5 percent in June, unchanged from the previous month and with balances slightly increasing to 214.81 billion euros, according to the Bank of Greece (BoG).
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EconomyBanking
Greece to recover at least 30 of 50 bln it borrowed to bail out banks, says HFSF chief Greece is likely to recover more than 30 billion euros of the 50 billion it has borrowed to rescue its banks, Hellenic Financial Stability Fund (HFSF) CEO Anastasia Sakellariou told Kathimerini newspaper in an interview published on Sunday.
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EconomyMacroeconomy
Greek banks' Eurosystem funding drops to 44.95 bln in June, lowest since Jan 2010 Greek banks’ Eurosystem funding dropped by another 5.71 billion euros in June, after falling by 11.3 billion in May, according to the Bank of Greece's (BoG) monthly financial statement.