Piraeus Bank’s closely watched Tier II bond issue was deemed a success after raising 400 million euros on Wednesday. In total, bids of over 850 million euros were submitted.
The financial stability report published by Bank of Greece (BoG) on Tuesday details the credit risk in Greece’s banking system related to the major challenge of dealing with the stock of Non-Performing Exposures (NPEs).
In the financial stability report the Bank of Greece (BoG) published on Tuesday, it took stock of the positive developments in the Greek economy and the banking system.
Greece’s industrial turnover rose by 13.4 percent year-on-year (YoY) in April compared to a slightly downward revised decline of 6.5 percent in March, Hellenic Statistical Authority (ELSTAT) data published on Wednesday showed.
The budget primary balance recorded a surplus of 918 million euros in the first five months of 2019, compared to a surplus of 853 million noted in May 2018, the Finance Ministry (MoF) preliminary budget execution bulletin showed on Tuesday.
Greek banks’ Eurosystem funding fell by 399 million euros month-on-month (MoM) in May, the monthly Bank of Greece's (BoG) financial statement showed.
Turnover indices for the services sector recorded an improvement in the first quarter (Q1) of 2019, Hellenic Statistical Authority (ELSTAT) figures showed on Friday.
European Stability Mechanism (ESM) managing director Klaus Regling has repeated his warning that Greece’s is veering away from its fiscal targets following recent measures that Athens adopted without consulting the institutions, leaving the next government with some tough decisions to make.
The Greek non-seasonally-adjusted unemployment rate stood at 19.2 percent in the first quarter (Q1) of the year, increasing from the rate of 18.7 percent noted in Q4 2018, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday.
The new Greek government formed after the July 7 elections is unlikely to have to face probing questions about its plans and this year’s fiscal targets from its eurozone counterparts until September.