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Athens News Agency: News in English, 09-10-27

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

  • [01] Credit expansion at 5.4% in Sep.
  • [02] Eight illegals drown off Lesvos

  • [01] Credit expansion at 5.4% in Sep.

    Credit expansion growth, measuring funding to domestic enterprises and households, slowed further in September to 5.4 pct, from 6.0 pct in August and 15.9 pct in December 2008, the Bank of Greece said on Tuesday.

    The central bank, in a monthly report, said funding to domestic enterprises totaled 1.046 billion euros in September, for an annual growth rate of 6.8 pct, down from 7.3 pct in August and 18.7 pct in December 2008. Bank lending slowed towards most business sectors, with the exception of the farm and other financial institutions where it rose, while it remained almost unchanged in the commerce sector (7.6 pct in September from 7.8 pct in August).

    Credit expansion in the manufacturing sector shrank 1.0 pct in September from 0.2 pct in August and 15.8 pct in December 2008, while in the construction sector it rose by 2.4 pct in September, from 5.1 pct in August and 35.2 pct in December 2008.

    Net funding towards Greek households totaled 529 million euros in September for an annual growth rate of 3.9 pct, compared with 4.7 pct in August and 12.8 pct in December 2008. Mortgage loans totaled 403 million euros (the second highest figure this year) for annual growth rate of 4.4 pct in September, from 4.8 pct in August and 11.5 pct in December 2008.

    Consumer loans grew by 64 million euros for an annual growth rate of 3.3 pct in September, from 4.8 pct in August and 16.0 pct in December 2008, while other loans towards households grew by 61 million euros in September for annual growth rate of -2.0 pct, from -1.3 pct in August and 9.5 pc tin December 2008.

    [02] Eight illegals drown off Lesvos

    Eight illegal immigrants, including five children, drowned after a speedboat carrying 17 people crashed into the rocky shores of Cape Korakas, on the northern part of Lesvos island early Tuesday.

    According to reports, the vessel carried 16 migrants and a 45-year-old Turkish migrant-smuggler, having set off from the opposite Turkish coast. The suspected migrant smuggler was amongst those rescued off the eastern Aegean island.

    Meanwhile, in an unrelated incident, a group of 45 illegal immigrants were spotted on Tuesday on the rockly islet of Makra, south of the Cyclades island of Anafi, by conscripts taking part in a military exercise.

    Coastguard vessels and two nearby barges headed to the area to pick up and transport the illegals to the island of Santorini.

    The group had been disembarked earlier in the day on the islet by an unidenftified vessels, which was being sough in the wider area of the central Aegean.


    Athens News Agency: News in English Directory - Previous Article - Next Article
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