The Greek Deal.com
BANK OF GREECE
Interest rates and spreads fall in November
The weighted average interest rate on new deposits decreased to 0.49% in November 2024, while the corresponding interest rate on new loans fell to 5.27%. According to Bank of Greece data, the interest rate spread between new deposits and loans decreased to 4.78 percentage points.
Private deposits jumped by €2.3 billion in November
The annual rate of change in the total financing of the domestic economy increased to 5.0% in November 2024, from 4.5% in the previous month, according to the Bank of Greece.
Current account deficit at €8 billion in 10 months
The current account deficit decreased by €825.0 million in October 2024, according to data released today by the Bank of Greece. However, in the ten-month period from January to October 2024, the deficit increased by €220.6 million to €8.0 billion.
2.5% growth in 2025 - The 6 risks and policy proposals
The Bank of Greece forecasts growth of 2.3% for 2024, acceleration to 2.5% in 2025, and a slight decline to 2.3% in 2026 and 2% in 2027 for the Greek economy, according to the Interim Report on Monetary Policy 2024, which was submitted today to the President of the Parliament and the Council of Ministers.
The gap between deposit and loan rates is closing
In October 2024, the weighted average interest rate on new deposits remained almost unchanged at 0.53%, while the corresponding interest rate on new loans fell to 5.41%.
€2.25 billion decrease in deposits - Increase in business loans
Private sector deposits decreased by €2.258 billion in October 2024, compared to an increase of €2.324 billion in the previous month, according to Bank of Greece data.
Total insurance assets up 1.9% in the third quarter
The asset value of insurance companies increased by €381 million euros in the third quarter of 2024 compared to the previous quarter and stood at €20.980 billion.
Memorandum with Hellenic Capital Market Commission
The Protocol was signed yesterday, 25/11/2024, at the Central Building of the Bank of Greece by the Governor of the Bank of Greece, Yannis Stournaras, and the President of the Securities and Exchange Commission, Vasiliki Lazarakou.
Interest rates on loans fell in September
Banks slightly lowered their lending rates in September while keeping deposit rates unchanged, resulting in a narrowing of the spread between them.
Brake on loans and household deposits in September
The annual rate of change in the total financing of the domestic economy fell to 3.2% in September, from 3.8% in the previous month, with household deposits also coming to a standstill.
Businesses and households hold €12.4 billion of green bonds
The Bank of Greece has started to publish data on the holdings of sustainable debt securities businesses and individuals.