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EconomyMacroeconomy
Greek time deposit rate falls to 1.82 pct in Dec, lowest during euro membership The interest rate on households’ new time deposits continued heading south for the ninth straight month in December, when it fell by 6 basis points (bps) to 1.82 percent, according to the Bank of Greece (BoG).
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Economy
The state of play with Greek banks' liquidity The ECB is expected to decide on Wednesday, February 4, on the extension for another 2 weeks of Greek banks’ access to Emergency Liquidity Assistance (ELA) funding.
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EconomyMacroeconomy
Greek deposits down 4.2 bln in Dec for highest outflows since June 2012 Greek private sector deposits fell for the third straight month in December, when they declined by 2.4 percent month on month (MoM). Balances reached 160.29 billion euros, according to the Bank of Greece (BoG).
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EconomyMacroeconomy
Greek credit contracts by 3.1 pct in December The rate of contraction in Greek bank credit slightly accelerated to 3.1 percent in December from 3 percent in November, according to the Bank of Greece (BoG). However, this was the second lowest negative reading since November 2011.
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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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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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Economy
What is SYRIZA planning to do with Greek banks? SYRIZA leader Alexis Tsipras has repeatedly outlined the party’s immediate economic policies which mainly involve three key themes: asking for a significant reduction of nominal debt, renegotiation with the eurozone on the Memorandum of Understanding (MoU) policies and implementation of a 3-pillar programme with a total cost estimated at 11.4 billion euros.
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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).