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EconomyMacroeconomy
Credit growth in April marks first two successive months of expansion since 2010 Credit movement in the Greek private sector increased by 0.3 percent in April, from a rise of 0.1 percent in March, Bank of Greece (BoG) figures showed on Friday.
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EconomyBanking
BoG governor renews calls for launch of bad bank and ESM use Bank of Greece governor Yannis Stournaras has reiterated calls for the immediate implementation of Greece’s bad bank to deal with the reduction of NPEs.
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EconomyBanking
Exposure to tourism sector a concern for banks despite effort to save season As Greece moves to reopen its tourism season, the implications for Greece’s banking sector could be widespread thanks to the loan exposure that Greek banks have to this sector.
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EconomyMacroeconomy
Travel balance falls by 53.6 pct in March Greece’s travel balance fell to 31.6 million euros in March from 68.1 million a year ago, Bank of Greece (BoG) data has shown. This is equal to an decrease of 53.6 percent year-on-year (YoY).
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EconomyMacroeconomy
Current account shows deficit of 1.10 bln in March as Covid-19 hits trade & travel Greece’s current account (C/A) balance posted a deficit of 1.10 billion euros in March compared to a deficit of 1.14 billion in February, Bank of Greece (BoG) data showed on Thursday.
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EconomyBanking
Eurobank submits final Cairo portfolio to Hercules while BoG mulls bad bank creation Eurobank announced last week that it was submitting the securitisation of the final arm of their Cairo portfolio to the government’s Hercules scheme.
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EconomyMacroeconomy
Primary cash balance deficit climbs to 2.62 bln in April largely on revenue deterioration Greece’s central government primary cash balance recorded a deficit of 2.62 billion euros in the first four months of the year according to figures released by the Bank of Greece (BoG).
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EconomyMacroeconomy
Overall loan interest drops to series low of 4.06 pct in March The overall weighted average interest rate on all new loans to households and non-financial corporations fell by 24 percentage points to 4.06 percent in March from 4.30 percent in February, data from the Bank of Greece (BoG) showed on Wednesday.
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EconomyMacroeconomy Deposits rise by 2.85 bln in March Net deposit movements in the Greek banking system were positive by 2.85 billion euros in March, rising from inflows of 1.06 billion in February, Bank of Greece (BoG) figures revealed on Wednesday.
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EconomyMacroeconomy
Credit growth at 0.1 pct in March, positive for first time since 2011 Credit movement in the Greek market came to 0.1 percent in March, improving from a contraction of 0.8 percent noted in February, Bank of Greece (BoG) figures showed on Wednesday.