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BoG highlights how Covid-19 compounds legacy issues and structural challenges
EconomyThe Bank of Greece (BoG) published its Monetary Policy Report for 2020 on Monday, outlining the numerous challenges that the pandemic will pose on the Greek economy, public finances and the banking system.
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Credit growth in May comes to 0.7 pct, positive for third month
EconomyMacroeconomyCredit movement in the Greek private sector increased by 0.7 percent in May, from a rise of 0.3 percent in April, Bank of Greece (BoG) figures showed on Friday.
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Deposits rise by 1.72 bln in May
EconomyMacroeconomyNet deposit movements in the Greek banking system were positive by 1.72 billion euros in May, rising from inflows of 1.43 billion in April, Bank of Greece (BoG) figures revealed on Friday.
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Travel balance falls by 97.8 pct in April
EconomyMacroeconomyGreece’s travel balance fell to 4.6 million euros in April from 31.6 million a year ago, Bank of Greece (BoG) data has shown. This is equal to an decrease of 97.8 percent year-on-year (YoY).
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Current account shows deficit of 1.13 bln in April, travel receipts crash as arrivals dry up
EconomyMacroeconomyGreece’s current account (C/A) balance posted a deficit of 1.13 billion euros in April compared to a deficit of 1.10 billion in March, Bank of Greece (BoG) data showed on Friday.
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Primary cash deficit at 5.35 bln in May
EconomyMacroeconomyGreece’s central government primary cash balance recorded a deficit of 5.35 billion euros in the first five months of the year according to figures released by the Bank of Greece (BoG).
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Loans managed by servicers in Q1 rise by 30.9 pct QoQ to 30.82 bln
EconomyMacroeconomyThe Bank of Greece’s (BoG) released statistics for the first quarter (Q1) of 2020 regarding the operations of Credit Servicing Firms (CSFs) in Greece.
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Overall loan interest at 4.05 pct in April, hitting new series low
EconomyMacroeconomyThe overall weighted average interest rate on all new loans to households and non-financial corporations was almost unchanged month-on-month 4.05 percent in April from 4.06 percent in March, data from the Bank of Greece (BoG) showed on Friday.
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Apartment prices rise by 6.9 pct in Q1
EconomyMacroeconomyThe rise in the nominal value of apartments in Greece came to 6.9 percent year-on-year (YoY) in the first quarter (Q1) of 2020 from a revised increase of 7.6 percent in Q4 2019, Bank of Greece (BoG) data showed on Thursday.
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Deposits rise by 1.43 bln in April
EconomyMacroeconomyNet deposit movements in the Greek banking system were positive by 1.43 billion euros in April, dropping from inflows of 1.43 billion in March, Bank of Greece (BoG) figures revealed on Friday.