Economy
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.
Athens, lenders trying to put last pieces in place for technical agreement
With all indications suggesting that the Greek government and the institutions are close to reaching an agreement at technical level, there has been much speculation about how several issues that were proving contentious until recently have been, or will be, resolved.
OPAP’s net revenues down for year, up for Q4
The full-year financial results of the Greek Organisation of Football Prognostics (OPAP), Greece’s leading game operator and Europe’s fourth-biggest betting firm show that gross gaming revenues fell slightly by 0.2 percent on an annual basis.
Eurobank posts net profits of 38 mln in Q4 and 230 mln in 2016
Eurobank recorded net profits of 38.3 million euros in the fourth quarter (Q4) of 2016 from 85.4 million in the previous quarter, which included a one-off gain of 55 million from the disposal of its insurance unit, Eurolife ERB.