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Deposits decreased, and business loans increased in November 2023
Τhe monthly net flow of total credit was positive by €1,370 million in November 2023, compared with a positive net flow of €349 million in the previous month.
Growth rate at 2.5% in 2024 and 2025 – The main challenges for the Greek Economy
In Greece, the economy continued to expand at a satisfactory albeit slower pace in 2023, outperforming the euro area average
New subsidiary company offering factoring services commences operations in January
The countdown has begun for the operation of the subsidiary company of Pancreta bank, which will specialize in factoring, which is expected to commence its operation in January 2024
Deposit and loan interest rates increased in October
In October 2023, the weighted average interest rate on new deposits increased to 0.46%, while the corresponding interest rate on new loans remained almost unchanged at 6.17%.
Decrease in deposits and new loans in October
Thus, the annual rate of change in the total deposits was set at +2%, down from +2.5% the previous month.
Apartment prices increased 11.9% in 9M
In the third quarter of 2023 the year-on-year rate of increase in prices was 11.6% for new apartments (up to 5 years old) and 12.2% for old apartments (over 5 years old).
Travel receipts rose by 14.6% in September
Based on provisional data, the balance of travel services in September 2023 showed a surplus of €3,025.9 million, up from a surplus of €2,666.1 million in September 2022.
Primary cash surplus of €5.77 billion in the 10M
During the period of January-October 2023, the cash surplus of the central administration amounted to €93 million, compared to a deficit of €6.399 billion in the corresponding period of 2022