Ap­provals for bank­ing trans­ac­tions gather pace

Kathimerini English - - Front Page -

Around 60 per­cent of busi­nesses’ re­quests to send money abroad are be­ing ap­proved by the Bank­ing Trans­ac­tions Ap­proval Com­mit­tee and the banks them­selves. From July 29 to Au­gust 18, in­ter­na­tional trans­ac­tions worth 2.97 bil­lion eu­ros were ap­proved, against 5 bil­lion eu­ros across a sim­i­lar time­frame be­fore cap­i­tal con­trols were in­tro­duced.

As high­lighted by Greece’s banks, in the third week of cap­i­tal con­trols the sit­u­a­tion im­proved as such trans­ac­tions reached the cu­mu­la­tive value of ap­proved trans­ac­tions for the first two weeks of cap­i­tal con­trols.

A to­tal of 10,331 re­quests were made, of which 8,509 were ap­proved, 332 re­jected, 373 with­drawn and 579 re­quired ad­di­tional pro­cess­ing. Of the ap­pli­ca­tions ap­proved, 1,293 were for amounts of less than 100,000 eu­ros and 1,195 were for amounts of less than 150,000 eu­ros.

The Greek In­ter­na­tional Busi­ness As­so­ci­a­tion says Greece’s av­er­age monthly needs for im­ported prod­ucts over the past six months came to 3.9 bil­lion eu­ros. July, Septem­ber and Oc­to­ber are the months with the high­est value of im­ports, on av­er­age reach­ing 4.5 bil­lion each month.

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