![Bank of Greece: Deposit-Loan Spread Down in May by 4.99%](https://www.ot.gr/wp-content/uploads/2024/06/ot_greek_Banks1-1-1024x600.png)
Bank of Greece: Deposit-Loan Spread Down in May by 4.99%
The average interest rate on overnight deposits placed by households remained unchanged at 0.03%
The average interest rate on overnight deposits placed by households remained unchanged at 0.03%
Prices are expected to continue to grow in 2024, despite the fact that they far outweigh Greeks' increases in income
The risks surrounding the Bank of Greece's forecasts for the growth of the Greek economy include, among others, the potential worsening of the geopolitical crisis in Ukraine and the Middle East and the consequent impacts on the international economic environment.
The number of inbound travelers to Greece in the Jan.-Apr. period increased compared to 2023 with tourists spending more on trips.
20.6 billion euros in related revenues topped the previous year’s figure by 16.5%
In March 2024, the monthly net flow of credit to the general government was negative by 469 million euros
According to Greece's central bank, net revenues from property sales in the country purchased by foreign nationals in 2023 exceeded 2.1 billion euros.
General inflation is expected to further decline in 2024 to 2.8%
Corporate deposits decreased by 912 million euros, compared to a decrease of 3.167 billion euros in the previous month
This reflects a surplus of 112.6 million euros in January 2024 for the tourism balance, compared to a surplus of 54.6 million euros in the same month of 2023
As the BoG reveals, from early 2018 until the end of 2023, average housing sales prices at the national level have increased by 60%.
The measures are aimed at preventing or mitigating systemic risks stemming from the real estate market in Greece
Greece's central bank said the total value of these types of loans decreased to 69.46 billion euros by the fourth quarter of 2023, down from 71.18 billion euros in the previous quarter
BoG: Greece GDP Growth at 2.5% in 2024, 2025; Easing to 2.3% 2026
As the BoG figures show, travel receipts amounted to 20.459 billion euros, a 12.7% uptick from 18.151 billion euros in 2019
Stournaras emphasized the modernization of the Bank of Greece's Central Vault, which now boasts cutting-edge sorting, inventory management, and security systems
Speaking at the annual Hellenic Finance and Accounting Association conference this month in Athens, Hardouvelis, a former Greek finance minister, nonetheless declared the biggest problem facing Greece to be population decline
According to the provisional report on the Monetary Policy by the Bank of Greece (BoG), expectations for the near future remain cautiously positive, influenced by key factors such as international developments, high inflation, increased interest rate
He was speaking last week at the annual OT Forum in Athens
The interview of the head of the ECB is live
The monthly net flow of total deposits in August 2023 was positive by 408 million euros
Businesses in the country should cut profit margins, which have widened significantly, Bank of Greece (BoG) Gov. Yannis Stournaras told CGTN
The central bank, in its monthly report, said the annual growth rate of total deposits reached 3.4 percent in June 2023, compared with 3.3 percent the previous month
The country’s central bank reported that travel receipts rose by 24.8 percent in May 2023
His comments came as the ECB has raised interest rates to their highest level in 22 years, following its latest decision last month
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