Economy
Piraeus Bank posts minor losses in Q4, almost breaking even for 2016
Piraeus Bank concluded the release of Greek banks’ fourth quarter (Q4) results on Friday evening by announcing that it posted net losses of 17.7 million euros in Q4 from profits of 30.6 million in the previous quarter.
Lamda Development reduces losses in 2016
Property developer Lamda Development’s full-year results for 2016 show that the company made a net loss of 3.1 million euros for the year, compared to a net loss of 22.1 million euros posted in 2015.
Viohalco revenues fall 5 pct in 2016
Industrial giant Viohalco has released its FY 2016 financial results, outlining that the company’s revenue fell by 5 percent year on year from 3.27 billion euros in 2015 to 3.11 billion euros in 2016.
Stocks climb 4.8 pct on increased optimism about deal with institutions
The Greek stock market rebounded strongly this week, shooting up by 4.8 percent for the first rise after three weeks amid increased optimism that a technical agreement between the government and the institutions is within reach.
Marginal drop in time deposit rate, sharp decline in corporate lending rates in Feb
Greek households’ new time deposit rate dropped by another 2 basis points (bps) and landed at 0.67 percent in February, Bank of Greece (BoG) figures showed on Friday.
Retail sales rebound 1.4 pct in Jan after brief fall in Dec
The turnover of Greece’s retail trade index increased by 1.4 percent in January after a brief drop of 1.3 percent in December, Hellenic Statistical Agency (ELSTAT) data revealed on Friday.
No return of institutions to Athens yet as differences persist
The Eurogroup Working Group (EWG) held on Thursday night did not give the green light for the return of the institutions’ mission chiefs to Athens.
NBG records net profits of 73 mln in Q4, turns profitable for whole year
National Bank of Greece (NBG) remained profitable in the fourth quarter (Q4) of 2016, with net profits of 73 million euros from 6 million in the previous quarter.
Alpha Bank reports net profits of 20 mln in Q4, leading full-year earnings to 42 mln
Alpha Bank remained profitable for the second straight quarter in Q4 2016, with net profits of 20.1 million euros from 41.1 million in the previous quarter.
Economic sentiment edges up in March, consumer confidence deteriorates for third straight month
Greece’s economic sentiment (ESI) improved by 0.5 points in March following a drop by 2.2 points in the previous month, European Commission (EC) figures revealed on Thursday.