Economy
NBG posts net loss of 423 mln in Q4; profit of 38 mln in 2020
National Bank of Greece (NBG) reported a net loss of 423 million euros in the fourth quarter (Q4) of 2020, compared with a profit of 101 million euros in Q3.
Credit growth in February unchanged 3.7 pct; monthly flows resume growth
Credit movement in the Greek private sector rose an annual 3.7 percent in February, the same rate as in January, Bank of Greece (BoG) figures showed on Friday.
Deposits rose by 741 mln in February, led by higher sight savings
Net deposit movements in the Greek banking system were positive by 741 million euros in February, compared with outflows of 1.19 billion euros in January, Bank of Greece (BoG) figures revealed on Friday.
Employment balance positive by 27,233 in Feb; highest since Sept
The employment balance was positive with 27,233 more hirings than people leaving their jobs in February, data from the Labour Ministry’s Ergani information system showed.
Travel balance falls by 97.6 pct in January
Greece’s travel balance came to 2.4 million euros in January from 54.9 million a year ago, Bank of Greece (BoG) data has shown. This is equal to a decrease of 97.6 percent year-on-year (YoY).
Unemployment at 16.2 pct in Q4
The Greek non-seasonally-adjusted unemployment rate stood at 16.2 percent in the fourth quarter (Q4) of the year, unchanged from Q3, Hellenic Statistical Authority (ELSTAT) figures showed on Wednesday.
Alpha Bank posts net profit of 103.7 mln in 2020
Alpha Bank reported a net loss of 29.7 million euros for the fourth quarter of 2020 compared to a net profit of 44.3 million euros in Q3.
PBO sees just 2.7% growth this year, warns about private debt
Parliament’s Budget Office (PBO) published on Tuesday its report for the fourth quarter of 2020, also updating its macro estimates for 2021.
Current account shows deficit of 436 mln in January
Greece’s current account balance posted a deficit of 435.7 million euros in January compared to 653.8 million euros in December, Bank of Greece data showed.
Titan Cement net profit drops 97 pct in 2020
Titan Cement posted a net income of 1.5 million euros in 2020, down from 50.9 million euros the year before, as it wrote down prospects for the Egyptian market.