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EconomyMacroeconomy
Deposit flow records back-to-back drop of 591 mln in Nov amid grip of cost-of-living crisis The net private sector deposit movement in the Greek banking system in November stayed negative with a drop of 591 million euros, after another drop of 550 million euros in October, based on Bank of Greece (BoG) figures released on Thursday.
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EconomyMacroeconomy
Arrivals nearly double year-on-year in 10M, travel receipts exceed 17 bln Greece’s travel balance recorded a surplus of 1.31 billion euros in October, from 2.67 billion euros in September, according to Bank of Greece (BoG) data released on Thursday.
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EconomyMacroeconomy
BoG revises 2023 growth to 1.5 pct as short- and medium-term challenges persist The Bank of Greece (BoG) has joined the group of organisations that has incorporated the latest global challenges in its forecast for Greece, with growth next year seen declining substantially compared to the 6.2 pct envisaged for 2022.
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EconomyMacroeconomy
Oct current account deficit widens to 2.7 bln - worst since 2008 Greece posted a deep current account deficit (C/A) in October of 2.7 billion euros, from a deficit of 811.4 million euros in September, Bank of Greece (BoG) data showed on Wednesday.
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EconomyMacroeconomy
Loans managed by servicers stabilise near 87 bln in Q3 as securitisations conclude The universe of loans managed by Credit Servicing Firms (CSF) has stabilised since Q1 this year and in Q3 it stood at 86.8 billion euros, according to data released by the Bank of Greece (BoG) on Friday.
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EconomyMacroeconomy
Average loan rate rises to 4.86 pct in Oct The Bank of Greece released on Friday the latest rates information for deposits and loans for October, which showed that the average rates for new loans are 4.86 percent, from 4.6 percent in the previous months.
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EconomyMacroeconomy
Credit growth slows to 5.3 pct in Oct amid first outflow since Jan Credit movement in the Greek private sector slightly slowed in October, rising by 5.3 percent year-on-year (YoY), from 6 percent in September, and 5.8 percent in August, Bank of Greece (BoG) figures released on Monday showed.
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EconomyMacroeconomy
Deposit outflow at 550 mln in Oct, led by a decline in corporates The net private sector deposit movement in the Greek banking system in October turned negative with a drop of 550 million euros, after a rise of 2.26 billion euros in September, based on Bank of Greece (BoG) figures released on Monday.
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EconomyMacroeconomy
Travel balance of 14.13 bln to Sep beats 2019 record Greece’s travel balance recorded a surplus of 2.67 billion euros in September, from a 3.83-billion-euro surplus in August, according to Bank of Greece (BoG) data released on Tuesday.
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EconomyMacroeconomy
Travel receipts almost double, but current account deficit rises by 78 pct in 9M Greece posted a current account (C/A) deficit of 811.4 million euros in September, from a surplus of 449.1 million euros in August, Bank of Greece (BoG) data showed on Monday.