Economy
H1 bank results show performance stabilising, laying ground for further improvement
Greece’s systemic banks reached the end of the first half of 2019 with relatively strong performance and the further derisking of their balance sheets as efforts continued to offload bad loans.
Q2 rise of 7.7 pct in apartment prices marks 12-year high
The rise in the nominal value of apartments in Greece came to 7.7 percent year-on-year (YoY) in the second quarter (Q2) of 2019 from an upward revised increase of 4.9 percent in Q1, Bank of Greece (BoG) data showed on Monday.
PMI edges up to 54.9 in August as production, new orders soar
Greece’s manufacturing PMI rose to 54.9 points in August from 54.6 points in July, according to the latest data from Markit PMI.
Eurobank net profits at 6 mln in Q2 amid increasing securitisations
Eurobank recorded net profits of 6 million euros in the second quarter (Q2) of 2019 compared to net profits of 19.7 million in Q1.
Retail turnover rises by 2.3 pct in June, volume up by 2.3 pct
Greece’s retail sales index increased by 2.3 percent in June, following a slightly upward revised drop of 1.9 percent in May, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Alpha Bank posts net profits of 59.4 mln in Q2, NPE sales worth 3.7 bln planned for remainder of year
Alpha Bank reported net profits of 59.4 million euros for the second quarter (Q2) of 2019, growing from net profits of 27.5 million posted in Q1.
NBG reports net profits of 122 mln in Q2, highlights successful bond sale
National Bank of Greece (NBG) reported a net profit of 122 million euros from continued operations in the second quarter (Q2) of 2019, down from profits of 131 million euros reported in Q1.
Piraeus Bank posts net profit of 20 mln in Q2 from continued operations, NPE sales step up
Piraeus Bank’s second quarter (Q2) results revealed net results from continued operations showing a profit of 20 million euros compared to a net profit of 14 million in Q1 2019.
Motor Oil Hellas’ group turnover up 3.1 pct in H1
Motor Oil Hellas’ financial results for the first half (H1) of 2019 show that group turnover increased by 3.1 percent compared to the same time last year.
Hellenic Petroleum net profits fall by 45 pct in H1
Greece’s largest oil refinery, Hellenic Petroleum’s financial results for the first half (H1) of the year show that the group’s sales fell by 5 percent during the first six months of the year.