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Deposits surge by 2.32 bln in March, driven by households
EconomyMacroeconomyThe net private sector deposit movement in the Greek banking system picked up in March, rising by 2.32 billion euros, after dropping by 1.46 billion euros, based on the latest Bank of Greece (BoG) figures released on Tuesday.
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Loans to corporations drive credit growth of 5.1 pct YoY in March
EconomyMacroeconomyThe pace of credit movement in the Greek private sector increased slightly in March, moving up by 5.1 percent year-on-year (YoY), after a rise of 4.8 percent in February, Bank of Greece (BoG) figures released on Tuesday showed.
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Data for 2022 confirms tourism's full recovery, with nearly 30 mln visitors
EconomyMacroeconomyThe Bank of Greece released on Tuesday the summary travel data for 2022, re-affirming that last year came close to recovering all losses suffered from the pandemic with travel receipts reaching 17.68 billion euros, just half a billion short of the 18.18 billion euros earned in 2019.
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Boost for travel balance as arrivals rise by 83.5 pct in first two months of 2023
EconomyMacroeconomyGreece’s travel balance recorded a surplus of 106.8 million euros in February, from 26.3 million euros in January, according to Bank of Greece (BoG) data released on Friday.
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Current account deficit narrows to 1.32 bln in Feb as oil impact wanes
EconomyMacroeconomyGreece’s current balance in the second month of 2023 came to a deficit of 1.32 billion euros, from a narrow deficit of 125.2 million euros in January, Bank of Greece (BoG) data showed on Thursday.
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BoG sees 2.2 pct growth in 2023 but warns new govt must stick to reforms
EconomyIn the Bank of Greece governor’s annual report for 2022, Yannis Stournaras outlined the progress that the economy made in 2022, although the year was marked by increased global uncertainty and the challenges posed by the conflict in Ukraine and price pressures stemming mainly from the energy sector.
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Credit growth slows in Feb, loans balance stable at 113.35 bln
EconomyMacroeconomyCredit movement in the Greek private sector decelerated further in February, still recording a rise of 4.8 percent year-on-year (YoY), from 5.7 percent in January, Bank of Greece (BoG) figures released on Monday showed.
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Feb sees back-to-back drops in deposits, landing 6 bln off recent high
EconomyMacroeconomyThe net private sector deposit movement in the Greek banking system dropped further in February, down by 1.46 billion euros, after having declined by 4.5 billion euros in January, based on the latest Bank of Greece (BoG) figures released on Monday.
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Strong start for travel receipts in Jan, rising by 72 pct YoY to 224.2 mln
EconomyMacroeconomyGreece’s travel balance recorded a surplus of 26.3 million euros in January, from 71 million euros in December, according to Bank of Greece (BoG) data released on Tuesday.
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Current account deficit narrows to 125.2 mln in Jan on higher exports, moderate fuel impact
EconomyMacroeconomyGreece’s current deficit opened 2023 with a narrow current account deficit of 125.2 million euros, from 2.66 billion euros in December, Bank of Greece (BoG) data showed on Thursday.