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Household and corporate deposits soar during Greece’s lockdown

Household and corporate deposits jumped 19.6 billion euros during the pandemic, showing that the freeze on consumption combined with the state support measures served as a safety cushion for liquidity in the private sector. The additional cash flow during the successive lockdowns will be the driving force behind the economy’s …

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IOBE report: Greek businesses & households have €57.5 billion in depositsabroad

Greeks love cash and have billions of euros in deposits abroad. According to a survey report by the Foundation for Economic & Industrial Research (IOBE), 19% of the mobile assets of Greek businesses and households are outside Greece. By the end of 2018, they amounted 57.5 billion euros. With 10.4%, …

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Bank of Greece report: Banks credit and Deposits September 2019

In September 2019, the annual growth rate of total credit extended to the domestic economy stood at -0.9% from -0.7% in the previous month, while the monthly net flow was positive at €182 million, compared with a negative net flow of €555 million in the previous month. The annual growth …

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Greek banks: Business and households deposits rise in August

Greek private sector bank deposits rose in August for the sixth successive month, the Bank of Greece said in a press release on Thursday. Businesses and household deposits increased to 139.72 billion euros  from 138.64 billion in June. In August 2019, deposits placed by the general government decreased by €418 …

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Banks deposits increased in March 2019, says Bank of Greece

Deposits at Greek banks by private households and non-profit institutions increased in the month of March, the Bank of Greece said in its monthly report. Press release by the BoG: In March 2019, the annual growth rate of total credit extended to the economy stood at -0.5% from -1.2% in …

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Greece’s bank deposits record an increase in July 2018

Private sector deposits in Greece’s banks increased by 841 million euros in July, Bank of Greece said on Tuesday. Deposits stood at 130.2 billion euros in July when they were 129.4 billion the previous month. In July 2018, the annual growth rate of total credit extended to the economy stood …

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Greece’s Bank deposits rise in September 2017

The Bank of Greece (BoG) announced that private sector deposits in the country increased by 52 million euros in September, compared to the previous month, reaching 1.047 billion euros in the country. The annual growth rate stood at 4.6 percent on a monthly basis, as capital controls remain in force …

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Greece’s private sector bank deposits increased for 3. consecutive month

Private sector bank deposits increased for a third consecutive month in July 2017, according to the Bank of Greece (BoG), with the total reaching 121.25 billion euros during that month, nearly a billion euros above the figure for the previous month of May 2017. “Nevertheless, deposits in the still bailout-dependent …

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“Bank run” under Capital Controls: Greeks withdraw €2.5bn in 45 days

Delays in the talks between Greece and its lenders have brought back the ghost of Grexit.  The grave disagreement between the International Monetary Fund and the European lenders, Grexit bombshell flying around and Greece’s reluctance to accept additional austerity measures have increase uncertainty among citizens – for one more time. …

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Greece to lift capital controls for those who bring money back to banks

The Greek authorities will try everything to get back to the banks what depositors withdrew before the capital controls were imposed on June 29th 2015. The financial ministry and its high-ranking state officials and interim government ministers are determined and will try everything to get the money back to the …

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How the ECB plunders Pension Funds and Deposits

Are you one of the few chosen ones with euro savings at the bank? Are you shocked every time you go get your “profit” from the interest rates to see a handful of coins landing in your purse?  You complain to the bank and get the standard answer “There is …

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Switzerland turns down Greece’s wish to retroactively tax Greeks’ bank deposits

Swiss Finance Minister Eveline Widmer-Schlumpf turned down the proposal of her Greek counterpart Yiannis Stournaras to impose taxes on Greeks’ bank accounts and transfer the money to Athens. Currently in the Greek capital, Widmer-Schlumpf told Stournaras that Switzerland does not do such deals any more, focusing instead on automatic information …

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