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EconomyMacroeconomy
Eurosystem funding for Greek banks shoots up by 11.2 bln in December Greek banks’ Eurosystem funding shot up by 11.19 billion to 56.04 billion euros at the end of December from 44.85 billion at the end of November, according to the Bank of Greece's (BoG) annual financial statement.
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EconomyMacroeconomy
Central gov't cash surplus reaches 1.42 bln in 2014 after 1.19 bln deficit in Dec Greece’s central government primary cash balance posted a surplus of 1.42 billion in 2014 from deficit of 6.72 billion in 2013, according to the Bank of Greece (BoG).
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Economy
Greek banks set for early ELA return in apparent precautionary move Kathimerιni daily revealed on Friday that two of the four systemic banks have submitted requests to the Bank of Greece (BoG) for raising liquidity of 5 billion euros through the Emergency Liquidity Mechanism (ELA), while the other two are expected to follow suit in the coming days.
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EconomyMacroeconomy
Greek time deposit rate down to 1.88 pct in November, lowest since euro entry The interest rate on households’ new time deposits dropped by another 6 basis points (bps) to 1.88 percent in November, according to the Bank of Greece (BoG). This is the lowest reading since Greece accessed the euro area in 2002.
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EconomyMacroeconomy Greek deposits almost unchanged at 164.3 bln in November Greek private sector deposits dropped for the second successive month in November, edging down by by 0.1 percent month on month (MoM) with their balances landing at 164.3 billion euros, according to the Bank of Greece (BoG).
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EconomyMacroeconomy
Contraction in Greek credit eases slightly to 3 percent in November The rate of drop in Greek bank credit decelerated for the second straight month in November, falling to 3 percent from 3.2 percent in October, according to the Bank of Greece (BoG).
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EconomyMacroeconomy
Greek travel receipts continued upward course in October, rising by 4.6 pct Greece's travel receipts advanced for the fifth straight month, albeit at a much slower growth rate, by 4.6 percent to 993 million euros in October, according to the Bank of Greece (BoG).
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EconomyMacroeconomy
Greek current account balance turns negative in October after four month of surpluses After posting a surplus in the preceding four months, Greece's current account (C/A) balance turned negative in October with a deficit of 199 million euros, according to the Bank of Greece (BoG).
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EconomyMacroeconomy
Bank of Greece sees growth at 0.7 pct in 2014, NPLs up to 34.1 pct The Bank of Greece (BoG) expects GDP to expand by 0.7 percent in 2014 and further by 2.5 percent in 2015, according to the 2014 Interim Monetary Policy report.
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EconomyMacroeconomy
Greek primary cash surplus up to 2.61 bln at end of November Greece’s central government primary cash balance showed a surplus of 2.61 billion euros in the 11-month period from deficit of 4 billion in the same period last year, according to the Bank of Greece (BoG).