House­hold de­posits drop.

Kathimerini English - - Front Page -

cap­i­tal short­fall that is not cov­ered by pri­vate in­vestors via a com­bi­na­tion of new shares and con­tin­gent con­vert­ible bonds (Co­Cos) that banks will is­sue. “The new shares will have full vot­ing rights,” the banker close to the pro­ce­dure told Reuters, de­clin­ing to be named. “The ex­act mix of Co­Cos and new shares will be clar­i­fied later by a min­is­te­rial de­cree.”

The coun­try’s bal­ance of bank de­posits posted an in­crease of 557 mil­lion eu­ros at the end of Septem­ber from a month ear­lier. How­ever, this was only thanks to a rise in cor­po­rate de­posits, as house­hold sav­ings fell by 199 mil­lion eu­ros on a monthly ba­sis, fig­ures from the Bank of Greece showed yes­ter­day. The third month with cap­i­tal con­trols in force saw de­posits rise to 121.7 bil­lion eu­ros from 121.1 bil­lion at the end

Room rates at Greek ho­tels where for­eign­ers com­prise at least 70 per­cent of the clien­tele were more than twice those of their coun­ter­parts where Greeks made up the ma­jor­ity of guests, ac­cord­ing to the find­ings of a study by the In­sti­tute Cham­ber of Ho­tels. The av­er­age rate of the former group of ho­tels was 134 eu­ros per dou­ble room per night this sum­mer, against 58 eu­ros for the lat­ter.

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