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EconomyMacroeconomy
Loan rates exceed 5 pct in Dec, spread at highest in almost 20 years Interest rates on loans in Greece continued their upward trend that started in the summer, with the weighted average rate on loans climbing to over 5 percent, at 5.06 percent at the end of 2022, according to the latest data released by the Bank of Greece on Thursday.
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EconomyMacroeconomy
Loans grow by 6.3 pct in Dec, highest since 2009 Credit movement in the Greek private sector accelerated in December, rising by 6.3 percent year-on-year (YoY), from 5 percent in November, and 5.3 percent in October, Bank of Greece (BoG) figures released on Friday showed.
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EconomyMacroeconomy
Deposits record growth of 5 bln in Dec, balance at highest since summer 2011 The net private sector deposit movement in the Greek banking system turned positive in December with a jump of 5 billion euros, after a drop of 591 million euros in November, based on Bank of Greece (BoG) figures released on Friday.
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EconomyMacroeconomy
Travel balance up to Nov reaches 15.62 bln, arrivals down 11 pct on 2019 Greece’s travel balance recorded a surplus of 180 million euros in November, from 1.31 billion euros in October, according to Bank of Greece (BoG) data released on Monday.
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EconomyMacroeconomy
Current account deficit widens to 3.93 bln in Nov, 17.48 bln in 11M Greece posted a deep current account deficit (C/A) of 3.93 billion euros in November, from 2.7 billion euros in October, Bank of Greece (BoG) data showed on Friday.
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EconomyMacroeconomy
Nov sees 5 pct rise in loans, led by corporations and consumer credit Credit movement in the Greek private sector slightly slowed in November, rising by 5 percent year-on-year (YoY), from 5.3 percent in October, and 6 percent in September, Bank of Greece (BoG) figures released on Thursday showed.
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EconomyMacroeconomy
Deposit flow records back-to-back drop of 591 mln in Nov amid grip of cost-of-living crisis The net private sector deposit movement in the Greek banking system in November stayed negative with a drop of 591 million euros, after another drop of 550 million euros in October, based on Bank of Greece (BoG) figures released on Thursday.
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EconomyMacroeconomy
Arrivals nearly double year-on-year in 10M, travel receipts exceed 17 bln Greece’s travel balance recorded a surplus of 1.31 billion euros in October, from 2.67 billion euros in September, according to Bank of Greece (BoG) data released on Thursday.
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EconomyMacroeconomy
BoG revises 2023 growth to 1.5 pct as short- and medium-term challenges persist The Bank of Greece (BoG) has joined the group of organisations that has incorporated the latest global challenges in its forecast for Greece, with growth next year seen declining substantially compared to the 6.2 pct envisaged for 2022.
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EconomyMacroeconomy Oct current account deficit widens to 2.7 bln - worst since 2008 Greece posted a deep current account deficit (C/A) in October of 2.7 billion euros, from a deficit of 811.4 million euros in September, Bank of Greece (BoG) data showed on Wednesday.