Economy
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.
Tsakalotos sees timely conclusion to fourth review despite growing doubts
Seeking to counter the recent concern expressed about whether the government will be able to meet its deadlines regarding the completion of the 88 prior actions in the fourth review, Finance Minister Euclid Tsakalotos has insisted that everything will be concluded on time.
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.
NBG reports net loss of 163 mln in 2017, bad loans continue to fall
National Bank of Greece (NBG) reported a net loss of 60 million euros in the fourth quarter (Q4) of 2017 from continued operations, deepening from the loss of 44 million in Q3.
Sarantis Group net profits grow by 16.8 pct in 2017
Consumer product producer and retailer Sarantis Group’s full-year results for 2017 showed that turnover increased by 4.3 percent.
ADMIE Holdings posts income of 23 mln as affiliate's profits reach 61.7 mln
ADMIE Holding SA reported its results for the first fiscal year of operation which showed that total income from its affiliate the Independent Power Transmission Operator (IPTO SA) reached 24 million.
Titan Group net profits drop 66.5 pct in 2017
Titan Group’s full year financial results for 2017 showed that turnover edged down slightly across the year by 0.2 percent.
Mytilineos Group net profits jump to 154.6 mln in 2017
The industrial conglomerate Mytilineos Group’s full year 2017 financial report has highlighted that turnover increased by 22.5 percent to 1.53 billion euros compared to 1.25 billion in 2016.
OPAP revenues up by 4.1 pct in 2017, net profits drop by 25.9 pct
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 grew by 4.1 percent in 2017 compared to 2016.
Doubts about whether package deal with lenders is feasible by June
The completion of the fourth review and the possibility that a delay in ticking off the 88 prior actions could push Greece and its lenders to the limit is back in focus this week.