The annual rate of change in the total financing of the domestic economy from 7.6% in the previous month amounted to 7.3% in May, as announced by the Bank of Greece. The annual rate of change of total deposits amounted to 6.1%, from 5.7% in the previous month, while private sector deposits increased by 1,311 […]
Tag: financing
Th. Vlachopoulos (Piraeus Bank): We finance every worthwhile investment
Piraeus Bank, utilizing its experience as the first bank in business financing, with a total assets of approximately 80 billion and deposits of 55 billion euros, consistently fulfills its commitment to be a pillar of growth for the Greek economy and in “This direction contributes to the implementation of any sustainable investment that will enhance […]
Lack of executives and cost of borrowing the two thorns of small and medium
By Leonidas Stergiou Finding suitable staff, with qualifications and experience, but also the high cost of financing are two of the biggest problems faced by small and medium enterprises in Greece, as stated in a speech on Friday by the Governor of the Bank of Greece Mr. Giannis Stournaras, in ΕΣΕΕ. In fact, the latest […]
Study: Bank financing of companies is more difficult
Of Leonida Stergiou Business financing is a challenge for banks, as the overall improvement in turnover and liquidity to better levels than in the pre-pandemic period is an average that is not representative of every business, in all sectors and all sizes. This is because the other indicators show that Greek companies have come out […]
BoG: Private sector deposits fell by € 2.2 billion in January
In January 2022, the annual rate of change of the total financing of the domestic economy reached 9.9%, from 10.2% in the previous month, as announced today by the Bank of Greece. The annual rate of change of total deposits amounted to 8.1% from 8.0% in the previous month. At the same time, private sector […]
Lebanon is looking for donors to fund its embassies
The heavily indebted Lebanon has stayed at its embassies looking for donors to help cover their operating expenses, as it delays the payment of diplomats’ salaries and is considering closing missions abroad. A foreign ministry circular on January 25, accessed by Reuters, calls on Lebanese diplomatic missions abroad to seek donations from the Lebanese diaspora […]
BoG: Private sector deposits increased by € 1.833 billion in November
In November 2021, the annual rate of change of the total financing of the domestic economy from 12.4% in the previous month was set at 12.2%, as announced today by the Bank of Greece. The annual rate of change of total deposits stood at 9.3% from 10.1% in the previous month, while private sector deposits […]
BoG: Private sector deposits increased by only 11 million in October
Private sector deposits recorded a marginal increase in October, with the rate of change of all deposits slowing down, as well as the rate of change in the financing of the domestic economy, as shown by the data of the Bank of Greece. In particular, the annual rate of change of the total financing of […]
Company financing is renewed
Renewed or die. The classic aphorism acquires a new relevance (it is renewed) in pandemic times. With interest rates in a long induced coma and business activity slowing down, the heart of the economy needs new ways to pump life. In this context, the digital meeting ‘Alternative financing and new trends in traditional bank financing’, […]
Montero advances that the deficit closed 2020 at around 11.3% of GDP
The Minister of Finance, Maria Jesus Montero, has advanced that the public deficit closed 2020 according to the forecast estimate of “around 11.3% of GDP”, with a fall in public income of about 7.6% as a consequence of the Covid crisis. This is what Montero has indicated in an interview with Europa Press, in which […]