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Primary cash deficit at 8.10 bln in July
EconomyMacroeconomyGreece’s central government primary cash balance recorded a deficit of 8.10 billion euros in the first seven months of the year according to figures released by the Bank of Greece (BoG).
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Banks step up securitisation drive following pandemic interruption
EconomyBankingHaving experienced a setback earlier in the year, when the pandemic broke out and led to reconfiguration of the plans on securitisations, Greek systemic banks are accelerating their efforts to catch up for lost time in restoring the health of their balance sheets.
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Credit contraction in June comes to 0.4 pct
EconomyMacroeconomyCredit movement in the Greek private sector contracted by 0.4 percent in June after an increase of 0.7 percent in May, Bank of Greece (BoG) figures showed on Monday.
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Deposits rise by 448 mln in June
EconomyMacroeconomyNet deposit movements in the Greek banking system were positive by 448 million euros in June, declining from inflows of 1.71 billion in May, Bank of Greece (BoG) figures revealed on Monday.
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Travel balance falls by 99.3 pct in May
EconomyMacroeconomyGreece’s travel balance fell to 9.1 million euros in May from 1.34 billion a year ago, Bank of Greece (BoG) data has shown. This is equal to an decrease of 99.3 percent year-on-year (YoY).
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Current account shows deficit of 913.9 mln in May as travel receipts evaporate
EconomyMacroeconomyGreece’s current account (C/A) balance posted a deficit of 913.9 million euros in May compared to a deficit of 1.13 billion in April Bank of Greece (BoG) data showed on Monday.
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Primary cash balance deficit at 6.71 bln in June
EconomyMacroeconomyGreece’s central government primary cash balance recorded a deficit of 6.71 billion euros in the first six months of the year according to figures released by the Bank of Greece (BoG).
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BoG stresses more work needed on NPE reduction, pushes bad bank idea
EconomyBankingThe Bank of Greece (BoG) issued on Thursday its latest financial stability report, which includes data from the first quarter of 2020.
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Overall loan interest rate drops to 4.23 pct in May
EconomyMacroeconomyThe overall weighted average interest rate on all new loans to households and non-financial corporations rose by 18 basis points (bps) to 4.23 percent in May from 4.05 percent in April, data from the Bank of Greece (BoG) showed on Friday.
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Alpha seals bad loans sale deal, lenders brace for NPE management in Covid-19 era
EconomyBankingAlpha Bank announced on Wednesday that it had entered into a binding agreement for the disposal of a mixed pool of NPEs to Greek SMEs secured by real estate assets, code named Neptune.