The Bank of Greece (BoG) on Tuesday announced that the nominal value of loans allocated to the private sector and serviced by domestic Credit Servicing Firms (CSFs) decreased by 1.72 billion euros in the fourth quarter of 2023.
The total value of these types of loans decreased to 69.46 billion euros by 4Q 2023, down from 71.18 billion euros in the previous quarter.
According to the central bank, a change in the methodology now employed, aimed at harmonizing statistical and relevant supervisory data, means the figure cannot be compared with the same quarter of 2022, as the nominal value of loans calculated for the latter did not include off-balance sheet interest and the amounts of write-offs and write-downs of loans made by the credit institutions that transferred the loan portfolio.
Meanwhile, the nominal value of serviced corporate loans decreased to 22.84 billion euros in the fourth quarter of 2023, down from 23.95 billion euros in the previous quarter.
The nominal value of loans allocated to sole proprietors, farmers and unincorporated partnerships and serviced by CSFs decreased by 542 million euros in the same quarter, and totaled 9.051 billion euros at the end of the fourth quarter of 2023.
Source: tovima.com
Latest News
ETC Report: Greece 3rd Most Popular Destination for Europeans
Italy and Spain are tied as the top destinations, each attracting 8% of travelers
Greece Battles EC to Protect Rice Industry and Public Health
Together with several other EU countries, Greece successfully blocked the European Commission's proposal to increase allowable levels of a banned pesticide commonly found in rice imported from southeast Asia
Eurostat: 3.2% Annual Inflation in Greece in April
The data shows that Greece ranks seventh in overall inflation within the eurozone and second in food inflation
Intrum’s 2024 Report Unveils Greek Businesses Embrace Digitalization for Growth
Looking ahead, over 40% of businesses prioritize development for 2024, with 65% recognizing the potential of digital business models as sustainable investments
IOBE: Mild Drop in April Business Confidence Index (BCI) in Greece
The positive balance of expectations for employment witnessed a marginal decline, while the index for production forecasts also recorded a mild drop
Greek PM Mitsotakis Calls on EU to Intervene Over Multinationals’ Pricing Policy
Speaking about price fairness, the Prime Minister emphasized, "Europe should also mean similar or uniform prices for the products sold by our multinational corporations.
Greenhouse Gas Emissions: 4% Decrease in EU, 0.3% Rise in Greece in Q4 2023
The EU's GDP remained stable with a marginal 0.2% increase in fourth quarter of 2023
HEREMA CEO: High Expectations from Natgas Exploration Off Crete
3D seismic surveys were conducted in the two offshore blocks west and southwest of Crete by a consortium comprised of ExxonMobil and HelleniQ Energy
EC Spring Forecast: Greek GDP at 2.2 in 2024, 2.3% in 2025
Besides Greek GDP inflation is expected to drop by a substantial 2.4% in 2024, settling at 2.8% from 4.2% in 2023 with 2025 recording a further decline to 2.1%
EBRD Raises Outlook for Greek GDP to 2.3% in 2024, 2.6% in 2025
Key downside risks remain, associated with possible delays in deploying Recovery and Resilience Facility (RRF) funds and weaknesses in key export markets and tourism source countries