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Banks end year with continued bad loan sales
EconomyBankingAt the end of a challenging year for the banking sector, Greece’s systemic banks have continued their activity to reduce bad loans with a few days of 2020 left.
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Travel surplus up to Oct down by 78.2 pct as receipts plummet
EconomyMacroeconomyGreece’s travel balance in October came to a surplus of 472.2 million euros from a surplus of 1.2 billion a year ago, a drop of 60.7 percent year-on-year (YoY).
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Current account deficit increases to 767.4 mln in Oct as service surplus shrinks
EconomyMacroeconomyGreece’s current account (C/A) balance in October posted a deficit of 767.4 million euros, up from a deficit of 498.8 million in September, according to a Bank of Greece (BoG) release on Monday.
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Primary cash balance deficit at 13.45 bln in November
EconomyMacroeconomyGreece’s central government primary cash balance recorded a deficit of 13.45 billion euros in the first eleven months of the year according to figures released by the Bank of Greece (BoG).
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Loans under credit servicing firms rise by 6.8 pct QoQ to 32.98 bln
EconomyBankingThe Bank of Greece’s (BoG) released statistics for the third quarter (Q3) of 2020 regarding the operations of Credit Servicing Firms (CSFs) in Greece.
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BoG insists on need for bad bank, sees EU funds boosting recovery from 2021
EconomyThe Bank of Greece tabled its interim monetary policy report for 2020 on Monday, shedding light on how it expects the Greek economy and banking system to develop next year.
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Apartment prices rise by 3.2 pct in Q3
EconomyMacroeconomyThe rise in the nominal value of apartments in Greece came to 3.2 percent year-on-year (YoY) in the third quarter (Q3) of 2020 from an increase of 4.1 percent in Q2 2020, Bank of Greece (BoG) data showed on Monday.
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Credit growth continues with 2.5 pct increase in Oct
EconomyMacroeconomyCredit movement in the Greek private sector rose by 2.5 percent in October after an increase of 2.4 percent in September, Bank of Greece (BoG) figures showed on Thursday.
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Deposits rise by 2.53 bln in October
EconomyMacroeconomyNet deposit movements in the Greek banking system were positive by 2.53 billion euros in October, up from inflows of 1.16 billion euros in September, Bank of Greece (BoG) figures revealed on Thursday.
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Travel balance falls by 70.9 pct in September as 12.6 bln in receipts vanish in aggregate
EconomyMacroeconomyGreece’s travel balance came to 776.5 million euros in September from 2.67 billion a year ago, Bank of Greece (BoG) data has shown. This is equal to an decrease of 70.9 percent year-on-year (YoY).