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Greek banks’ reliance on Eurosystem fell by 2.36 bln in October Greek banks’ Eurosystem funding, the combined liquidity they have received from the European Central Bank (ECB) and the Bank of Greece (BoG) Emergency Liquidity Assistance (ELA) mechanism, dropped by another 2.36 billion euros in October, according to the Bank of Greece’s (BoG) monthly financial statement.
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EconomyMacroeconomy
C/A surplus for fifth straight month in Sept, up to 2.55 billion euros for year The September current account (C/A) balance showed a surplus for the fifth straight month at 964 million euros from 895 million last year, according to Bank of Greece (BoG).
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EconomyMacroeconomy
Apartment prices down 9.2 pct in Q3 as lifting of foreclosure ban mulled Apartment prices in the Greek market fell by 9.2 percent in Q3 at a slightly decelerating pace compared to Q2 performance (-11.8 percent), according to the Bank of Greece (BoG).
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EconomyMacroeconomy
Cash deficit to October widens to 9.1 billion euros The central government net balance to October on a cash basis showed the deficit widening by 34 percent to 9.08 billion euros from 6.78 billion last year, according to the Bank of Greece (BoG).
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EconomyMacroeconomy
Deposits down for fourth month in a row as tax obligations rise Greek private sector deposits marginally slipped 0.53 percent month on month (mom) in September with balances reaching 161.35 billion euros. Net flow remained in negative territory for the fourth consecutive month with outflows increasing at 719 million in September from 212 million in August.
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EconomyMacroeconomy
No signs of credit revival in Sept., balances at 221 bln Credit contraction in the Greek market remained unchanged from the previous month at 3.9 percent year on year (yoy) in September with balances reaching 221.0 billion euros, according to the Bank of Greece.
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EconomyMacroeconomy
Greece's current account in surplus for the fourth consecutive month The August current account (C/A) balance showed a surplus for the fourth consecutive month at 1.22 billion euros from 1.63 billion last year, according to Bank of Greece (BoG). The recorded drop year on year (yoy) mainly reflects an increase in the income and current transfers’ deficits by 295 million and 249 million respectively more than offsetting a rise in the services’ surplus by 259 million.
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EconomyMacroeconomy
Cash deficit widens as Greece pays off state arrears The central government net balance to September on a cash basis showed the deficit widening to 8.88 billion euros from 6.53 billion last year, according to the Bank of Greece (BoG). At the same time, the primary cash deficit also expanded to 3.32 billion from 543 million.
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EconomyMacroeconomy
Greek banks less reliant on Eurosystem funding in September Greek banks’ Eurosystem funding, the combined liquidity they have received from the European Central Bank (ECB) and the Bank of Greece (BoG) Emergency Liquidity Assistance (ELA) mechanism, dropped by another 1.4 billion euros in September, according to the BoG’s monthly financial statement.
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EconomyMacroeconomy
Credit contraction marginally decelerated to 3.9 pct in August Credit contraction in the Greek market marginally decelerated to 3.9 percent year on year (yoy) in August from 4.0 percent in July with balances reaching 221.79 billion euros, according to the Bank of Greece (BoG).