The Greek Deal.com
BANK OF GREECE
Private sector deposits decreased by €607 million in July
Private sector deposits fell by €607 million in July, following an increase of €3.826 billion in the previous month, the Bank of Greece said today.
Foreign direct investment at €2.097 billion in the first half of the year
Foreign direct investment reached €2.097 billion in the first half of 2024, down from €2.434 billion in the corresponding period of 2023 and €5.125 billion in 2022, according to data published on Tuesday by the Bank of Greece.
Balance of payments deficit increased to €8.8 billion in the first half of the year
In June 2024, the current account recorded a surplus of €270.8 million, compared to a deficit in the corresponding month of 2023.
Primary cash surplus of €338 million in the first seven months
In the period January–July 2024, the cash result of the central government showed a surplus of EUR 338 million, compared to a deficit of EUR 2,178 million in the corresponding period of 2023, the Bank of Greece announced.
€5 billion in bond and equity investments brought by the upgrade of the Greek economy
An estimated €5 billion of inflows are estimated to have taken place in Greek government shares and bonds as a result of the credit upgrade of the Greek economy.
Deposit rate unchanged, 5.78% increase in new loans
The weighted average interest rate on all new deposits remained almost unchanged from the previous month, at 0.57%.
Public debt in decline
The two main causes of the consistent and notable decline in public debt as a proportion of GDP have been the Greek economy's recovery and the country's return to primary surpluses following the Covid-19 pandemic (GDP).
Deposits soar by €3.8 billion in June
Private sector deposits recorded a significant increase of €3.826 billion in June 2024, compared to an increase of €303 million in the previous month, according to Bank of Greece data.
Current account deficit widened in the January-May quarter
Based on data released by the Bank of Greece on Monday, the current account deficit increased in May 2024 compared to the same month in 2023. This increase was primarily caused by the decline in the goods and primary income balances and, to a lesser extent, the secondary income balance. On the other hand, the services balance showed improvement.
Cash primary surplus at €2.952 billion in the first half of the year
Data from the Bank of Greece shows that the cash primary surplus for the six-month period (January–June 2024) was €2.952 billion.
Supports the merger of Attica Bank - Pancreta Bank
At today's Attica Bank General Meeting, Christina Papakonstantinou, the Deputy Governor of the Bank of Greece, emphasized that the Bank of Greece supports the merger of Attica Bank and Pancreta.