Tag Archives: Greek credit

Credit contraction marginally decelerated to 3.4% in April

According to latest BoG data, credit contraction in the Greek market marginally decelerated to 3.4% y-o-y in April from 3.5% March with balances reaching €226.3bn corresponding to 119.2% of GDP. Loan balances eased 0.9% m-o-m (for tenth consecutive month) with … Continue reading

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Credit contraction decelerated to 3.5% y-o-y in March

According to latest BoG data, credit contraction in the Greek market decelerated to 3.5% y-o-y in March from 3.9% in February from 4.0% in the previous two months with balances reaching €228.4bn corresponding to 119.5% of GDP.

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Credit contraction marginally decelerated to 3.9% y-o-y in February

According to latest BoG data, credit contraction in the Greek market marginally decelerated to 3.9% y-o-y in February from 4.0% in the previous two months with balances reaching €225.0bn corresponding to 117.1% of GDP.

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Credit contraction remained stable at 4.0% y-o-y in January

According to latest BoG data, credit contraction in the Greek market remained stable at 4.0% y-o-y in January following a deceleration recorded in the previous months (from 4.8% in October to 4.0% in December) with balances reaching €225.5bn corresponding to … Continue reading

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Credit contraction decelerated to 4.0% in December

According to latest BoG data, credit contraction in the Greek market decelerated for second consecutive month to 4.0% y-o-y in December from 4.6% y-o-y in November and 4.8% in October, with balances reaching €227.7bn corresponding to 117.4% of GDP.

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Greek credit contraction at 4.6% in November

According to latest BoG data, credit contraction in the Greek market slightly decelerated to 4.6% y-o-y in November from 4.8% in October, with balances reaching €229.8bn corresponding to 117.7% of GDP.

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Key highlights of BoG report on the recapitalisation and restructuring of Greek banks

Top-4 (core) banks released 9M’12 (as well as H1’12) results on December 20 & 21. Unlike previous quarters, the key focus was on the disclosure of their capital needs rather than their financial performance, which mainly reflected the prevailing adverse … Continue reading

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Greek credit contraction slightly accelerated in October

According to latest BoG data, credit contraction in the Greek market slightly accelerated to 4.8% y-o-y in October from 4.5% in September, with balances reaching €230.7bn corresponding to 117.4% of GDP.

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Greek credit contraction slightly decelerated in September

Latest BoG data show that credit contraction in the Greek market slightly decelerated to 4.5% y-o-y in September from 4.8% y-o-y in August, with balances reaching €231.8bn corresponding to 114.3% of GDP.

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Acquisition of Societe Generale’s Greek unit by Piraeus Bank

Piraeus Bank announced on October 19 it signed a definitive agreement with Societe Generale (SocGen) for the acquisition of the latter’s entire stake (99.1%) in its Greek unit, Geniki Bank. The transaction is expected to be consummated before the end … Continue reading

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Alpha Bank acquired Emporiki Bank

Alpha Bank announced earlier today it entered into a contract with Credit Agricole (CA) for the acquisition of 100% of its Greek unit, Emporiki Bank. Note that CA had announced on October 1 it had entered into exclusive negotiations, picking … Continue reading

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Credit contraction remained stable in August

Latest BoG data show that credit contraction in the Greek market remained almost stable at 4.8% y-o-y in August, from 4.9% in July, with balances reaching €233.0bn corresponding to 111.7% of GDP. Loan balances eased 0.6% m-o-m with net flow … Continue reading

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Credit contraction accelerated in July

Latest BoG data depict an acceleration of credit contraction in the Greek banking market to 4.8% y-o-y in July from 4.3% in June with balances reaching €234.4bn corresponding to 111.9% of GDP. Loan balances eased 2.4% m-o-m with net flow … Continue reading

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Greek loan expansion remained on negative grounds in June

According to BoG, total credit eased 0.8% m-o-m and 4.3% y-o-y in June (May: -4.5% y-o-y) reaching €240.2bn. Net flow rebounded with net additions reaching €851m in June, from net deductions of €940m in May, entirely attributed to corporate lending … Continue reading

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