The Greek Deal.com
ECONOMY
Bank credit
Private sector credit expansion gathers pace in Sept; At 2.1%
Bank credit to Greece’s private sector increased to 2.1% in September from 0.9% in the previous month, central bank data showed. Credit to households was positive by 34 million euros.
T-bills
Greece sells 6-mo T-bills at slightly higher yield
Greece raises 812.5 million euros through the offering of 26-week Treasury bills which yielded 3.92% slightly up from 3.90% in the previous similar sale in September.
TAIPED
Receives one bid for Ververonta property in Porto Heli
TAIPED received a sole bid for the development of property in the “Ververontas” area of the Porto Heli village in Argolida. Goutos Ikodomiki was the sole bidder.
BoG
Demand for housing loans drops in 3Q due to end of “My Home” program
Demand for housing loans decreased in the third quarter because of the termination of the subsidized housing program “My Home.” Also, demand for corporate loans remained unchanged.
BoG
Hosts ECB Governing Council meeting Oct 25-26
The Governors of the national central banks of the euro area countries and the six members of the ECB Executive Board will meet in the main building of the Bank of Greece and will take decisions on monetary policy.
Bad loans
Debt servicers manage 89b euros of overdue loans by end Sept
Bad loans transferred to debt services reached 89 billion euros at the end of September, including 69 billion euros in loans which were sold to debt purchasers by banks.
Travel balance
Aug travel services surplus rises sharply; Visitors at 22.8m in Jan-Aug
Travel service balance showed a surplus of 4.1 billion euros in August up from a surplus of 3.9 billion euros in the respective month of 2022. Tourist arrivals reach 6.5 million in Aug.
Alpha-Unicredit deal
HFSF confirms offer by Unicredit for Alpha's stake; To launch tender process
Hellenic Financial Stability Fund confirms it has received an offer by Uncredit to buy 9% Alpha’s own stake held by the bank rescue fund.
S&P
Greece in investment grade; Govt, ESM hail upgrade
S&P has upgraded Greece's sovereign credit rating back to investment level after 13 years. The rater announced late Friday that it has raised the Greek rating to "BBB-", from “BB+" with a stable outlook.
Import Price Index
MPI drops for seventh consecutive month in Aug
Import price index (MPI) in industry falls to 14.6% y-o-y in August, the seventh consecutive monthly decline, due to lower electricity prices.
Stournaras
Expresses hope HFSF to find long-term investors to sell bank stakes
Bank of Greece governor Yannis Stournaras expressed his hope the country’s bank rescue fund HFSF to sell its stake in local lenders to good, long term-investors.