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EconomyMacroeconomy
Credit growth slows to 3.9 pct in Apr, flow negative at 789 mln The pace of credit movement in the Greek private sector slowed in April, moving up by 3.9 percent year-on-year (YoY), after a rise of 5.2 percent in March, Bank of Greece (BoG) figures released on Tuesday showed.
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EconomyMacroeconomy
Private sector deposits almost unchanged in Apr, household savings up by 1.13 bln The net private sector deposit movement in the Greek banking system was essentially unchanged in April, falling by just 15 million euros, after a rise of 2.32 billion euros in March, based on the latest Bank of Greece (BoG) figures released on Tuesday.
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EconomyMacroeconomy
Travel surplus continues to grow in March, up 55 pct YoY in Q1 Greece’s travel balance recorded a surplus of 100.2 million euros in March, from 106.8 million euros in February, according to Bank of Greece (BoG) data released on Tuesday.
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EconomyMacroeconomy
BoG stresses need to avoid putting investment grade at risk In its latest financial stability report published on Thursday, the Bank of Greece highlights the progress achieved in domestic banking and notes the challenges that lie ahead for the sector and the Greek economy.
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EconomyMacroeconomy
Deposits surge by 2.32 bln in March, driven by households The net private sector deposit movement in the Greek banking system picked up in March, rising by 2.32 billion euros, after dropping by 1.46 billion euros, based on the latest Bank of Greece (BoG) figures released on Tuesday.
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EconomyMacroeconomy
Loans to corporations drive credit growth of 5.1 pct YoY in March The pace of credit movement in the Greek private sector increased slightly in March, moving up by 5.1 percent year-on-year (YoY), after a rise of 4.8 percent in February, Bank of Greece (BoG) figures released on Tuesday showed.
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EconomyMacroeconomy
Data for 2022 confirms tourism's full recovery, with nearly 30 mln visitors The Bank of Greece released on Tuesday the summary travel data for 2022, re-affirming that last year came close to recovering all losses suffered from the pandemic with travel receipts reaching 17.68 billion euros, just half a billion short of the 18.18 billion euros earned in 2019.
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EconomyMacroeconomy
Boost for travel balance as arrivals rise by 83.5 pct in first two months of 2023 Greece’s travel balance recorded a surplus of 106.8 million euros in February, from 26.3 million euros in January, according to Bank of Greece (BoG) data released on Friday.
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EconomyMacroeconomy
Current account deficit narrows to 1.32 bln in Feb as oil impact wanes Greece’s current balance in the second month of 2023 came to a deficit of 1.32 billion euros, from a narrow deficit of 125.2 million euros in January, Bank of Greece (BoG) data showed on Thursday.
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Economy
BoG sees 2.2 pct growth in 2023 but warns new govt must stick to reforms In the Bank of Greece governor’s annual report for 2022, Yannis Stournaras outlined the progress that the economy made in 2022, although the year was marked by increased global uncertainty and the challenges posed by the conflict in Ukraine and price pressures stemming mainly from the energy sector.