Economy
HELEX 9-month results show exchange continues to suffer
Hellenic Exchanges-Athens Stock Exchange Group’s 9-month financial statement shows that net after tax profits group amounted to 1.9 million euros versus 5.6 million euros in the nine months of 2015, a reduction of 65 percent.
Bank credit contracts by 1.6 pct in Oct on loan deductions of 308 mln
The rate of credit contraction in the Greek market slowed slightly to 1.6 percent in October from 1.7 percent in September, Bank of Greece (BoG) figures displayed on Monday.
Deposits rise to 124.6 bln in Oct on inflows of 1 bln
The Greek market posted deposit inflows of 1.02 billion euros in October after outflows of 379 million in September, Bank of Greece (BoG) figures showed on Monday.
OECD expects Greek economy to recover, stresses need for structural reforms and debt relief
In its latest Economic Outlook report published on Monday, the Organisation for Economic Cooperation and Development said it expects a rebound in the Greek economy in the next two years supported by structural reforms, rising business and consumer confidence and stabilisation of the economic and political environment.
Having failed to resolve differences, Greece and lenders enter new week of talks
Ahead of the Eurogroup Working Group due to convene on Monday, the Greek authorities held a teleconference on Saturday afternoon with the institutions’ mission chiefs on the second programme review.
Greek stocks rise for third consecutive week as trading increases
The Greek stock market has rebounded for the third successive week, albeit with slower gains of 1.9 percent from 5 percent.
Lamda Development shopping centres drive growth for 9M 2016
Property developer Lamda Development’s nine-month financial results show that despite the adverse economic environment this year, EBITDA the group’s three shopping centres posted an increase of 6.7 percent compared to the same time last year, reaching 32.0 million euros.
Budget primary surplus to Oct confirmed at 6.5 bln, 2.9 bln above revised target
Greece’s budget primary surplus was confirmed at 6.5 billion euros in the 10-month period of 2016 from 4.53 billion a year ago, the Finance Ministry (MoF) final budget execution bulletin showed on Thursday.
MIG records a decline in sales for 9M 2016
Marfin Investment Group (MIG) has released its 9-month 2016 results, showing that sales amounted to 848.4 million euros, registering a 3 percent decline versus the same period last year.
NBG turns profitable in Q3, NPE stock drops further by 1 billion
National Bank of Greece (NBG) turned profitable again in the third quarter (Q3) of 2016 with a positive bottom-line result of 16 million from losses of 3.06 billion in Q2, which fully reflected a one-off loss of 3.1 billion related to the recycling of Finansbank’s losses that were previously recognised in other comprehensive income.