MacroPolis

Greece’s travel balance came to 27.9 million euros in June from 2.36 billion a year ago, Bank of Greece (BoG) data has shown. This is equal to an decrease of 98.8 percent year-on-year (YoY).

Current account shows deficit of 1.42 bln in June, driven by slashed tourism revenues

Greece’s current account (C/A) balance posted a deficit of 1.42 billion euros in June compared to a deficit of 913.9 million euros in May, Bank of Greece (BoG) data showed on Thursday.

Greece’s central government primary cash balance recorded a deficit of 8.10 billion euros in the first seven months of the year according to figures released by the Bank of Greece (BoG).

Having experienced a setback earlier in the year, when the pandemic broke out and led to reconfiguration of the plans on securitisations, Greek systemic banks are accelerating their efforts to catch up for lost time in restoring the health of their balance sheets.

Credit movement in the Greek private sector contracted by 0.4 percent in June after an increase of 0.7 percent in May, Bank of Greece (BoG) figures showed on Monday.

Net deposit movements in the Greek banking system were positive by 448 million euros in June, declining from inflows of 1.71 billion in May, Bank of Greece (BoG) figures revealed on Monday.

Greece’s travel balance fell to 9.1 million euros in May from 1.34 billion a year ago, Bank of Greece (BoG) data has shown. This is equal to an decrease of 99.3 percent year-on-year (YoY).

Greece’s current account (C/A) balance posted a deficit of 913.9 million euros in May compared to a deficit of 1.13 billion in April Bank of Greece (BoG) data showed on Monday.

Greece’s central government primary cash balance recorded a deficit of 6.71 billion euros in the first six months of the year according to figures released by the Bank of Greece (BoG).

The Bank of Greece (BoG) issued on Thursday its latest financial stability report, which includes data from the first quarter of 2020.