MacroPolis

Lenders return to Athens with much work ahead to reach SLA by May 24

The effort to reach a staff-level agreement (SLA) by the May 24 Eurogroup resumes in Athens on Monday with the return of the institution’s technical teams, who will be followed by the mission chiefs.

Piraeus Bank posts net loss of 80 mln in Q1

Piraeus Bank’s first quarter (Q1) results revealed net results from continued operations showing a loss of 80 million euros compared to a net profit of 12 million in Q4 2017.

Eurosystem funding decline picks up pace to 3.26 bln in April

Greek banks’ Eurosystem funding fell notably by 3.26 billion euros in April, Bank of Greece's (BoG) monthly financial statement revealed on Thursday.

Credit contraction at 1 pct in March, balance at 180.34 bln

Credit contraction in the Greek market came to 1 percent in March compared to a contraction of 0.9 percent in February according to Bank of Greece (BoG) figures released on Monday.

Credit standards and demand for corporate, household loans unchanged in Q1​

Credit standards for both corporate and household loans stayed unchanged from the previous quarter in the first quarter (Q1) of 2018, in line with earlier expectations, the Bank of Greece (BoG) bank lending survey (BLS) showed on Tuesday.

Eurosystem funding drops by 1.45 bln in March as ELA reduction offsets ECB rise

Greek banks’ Eurosystem funding fell by around 1.45 billion euros in March, the Bank of Greece's (BoG) monthly financial statement revealed on Friday.

Prior actions and crucial meetings dominate agenda for rest of month

The pressure is back on the Greek government following the Easter break as it is thought that around 75 prior actions have to be completed in the coming weeks.

Working-class homes or millionaires' mansions - what's going under the hammer in property auctions?

By: Georgia Nakou

On Wednesday 21 March, a familiar scene played out outside the offices of a notary in central Athens. A few dozen protesters organised by the anti-austerity “I Won’t Pay” movement and the political parties Popular Unity and Course for Freedom clashed with police as they tried to obstruct the scheduled auctions of foreclosed properties.

Banks meet NPE targets in Q4, reduction at highest rate since start of crisis

Greek banks succeeded in meeting their non-performing exposure (NPE) reduction target in the fourth quarter (Q4) of 2017 according to the sixth quarterly report on operational targets for NPEs published by the Bank of Greece (BoG) on Thursday afternoon.

Piraeus Bank makes net profit of 12 mln in Q4, edges into profitability for 2017

Piraeus Bank’s fourth quarter (Q4) results showed a net profit of 12 million euros from continued operations, reversing the loss of 17 million seen in Q3.