MacroPolis

Great Expectations: Is Greece 2.0 hitting the target?

By: Georgia Nakou

Funding from the EU’s Recovery and Resilience Facility has been central to shaping expectations of economic recovery in Greece as the country emerges from its ten-year economic crisis and the Covid-19 pandemic.

NBG net interest income jumps 65 pct in 2023 to 2.26 bln as net profit reaches 1.2 bln

National Bank of Greece (NBG) reported a core profit after tax of 1.2 billion euros in 2023, compared to a profit of 474 million euros in 2022, a significant rise year-on-year.

First round of HFSF's divestment from systemic banks concludes with 28 bln realised losses

The Hellenic Financial Stability Fund (HFSF), which was set up at the start of the debt crisis to support the banking sector, completed last week the first round of sales of its stakes in the four systemic banks, realising record losses for the Greek state.

Alpha Bank's NII at 1.65 bln in 2023, rising by 41 pct

Alpha Bank reported a net profit of 611 million euros in 2023, compared to a profit of 368 million euros in 2022.

Net interest income soars by 47 pct in 2023 as Eurobank reports net profit of 1.14 bln

Eurobank posted an adjusted net profit of 1.26 billion euros in 2023, compared to a profit of 1.18 billion euros in the previous year, a rise of 6.6 percent.

Piraeus Bank reports 2 bln NII in 2023, income from fees at 547 mln

Piraeus Bank posted a net profit of 788 million euros in 2023, with Q4 2023 profit at 211 million euros.

IMF sees short-term progress and persistent long-term challenges

The IMF published on Tuesday the concluding staff statement of the mission in the context of the Article IV consultations which took place recently.

Sale of Alpha, NBG stakes move state's bank divestment forward as realised losses near 12 bln

The Greek government is moving ahead swiftly with the execution of its plan to divest from the Greek systemic banks. Since Eurobank bought back a small 1.4 pct stake held by the state, the sale of the stake in Alpha Bank has been completed and the process for divestment from National Bank (NBG) shares has been launched.

Eurobank's NII climbs by 55.3 pct to 1.6 bln in 9M

Eurobank posted an adjusted net profit of 916.3 million euros in 9M 2023, compared to a profit of 924.2 million euros last year, a drop of under 1 percent.

NBG's NII rises by 73 pct to 1.64 bln in 9M

National Bank of Greece (NBG) reported a core profit after tax of 855 million euros in 9M 2023, compared to a profit of 284 million euros in 2022, a significant rise year-on-year.