Economy
Negative hiring balance in Jan, but figures improve YoY
Greece’s employment balance started the new year with a negative balance, as there were 15,450 more departures than hires in January, according to data from the Labour Ministry’s Ergani information system.
Alpha Bank's 2024 profits at 654 mln, commision income at 420 mln
Alpha Bank reported a net profit of 654 million euros in 2024, compared to a profit of 618 million euros in 2023, a rise of 6 percent.
NBG 2024 profits at 1.16 bln, commision income up 12 pct at 427 mln
National Bank of Greece (NBG) reported a core profit after tax of 1.32 billion euros in 2024, compared to a profit of 1.2 billion euros in 2023, a rise of 10 percent year-on-year (YoY).
Sharp drop in Jan unemployed leads to lowest rate since Dec 2008
Greece’s seasonally adjusted (SA) unemployment rate edged down to 8.7 percent in January, from 9.3 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday.
PMI unchanged in Feb, shows signals of weakening domestic demand
Greece’s Manufacturing PMI was virtually unchanged in February, falling marginally to 52.6 points, from 52.8 points in January, according to S&P Global data released on Tuesday.
Eurobank reports 1.45 bln profit in 2024, commission income up by 22.4 pct
Eurobank posted a net profit of 1.45 billion euros in 2024, compared to 1.14 billion euros in 2023, up 27.1 percent.
Producer prices record first rise since Jul with 0.3 pct YoY increase in Jan
Greece’s Producer Price Index (PPI) started the year in marginal growth, with a rise of 0.3 percent year-on-year (YoY), after a decline of 0.8 percent in December, ELSTAT data showed on Friday.
Retail sales suffer sharp YoY drop of 5.1 pct in Dec
Greece’s retail sales concluded 2024 in deep contraction with a drop of 5.1 percent year-on-year (YoY) in December, after a rise of 1.9 percent in November, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Credit expansion picks up pace in Jan with 10 pct YoY rise
The credit expansion in the Greek private sector remained strong in January, rising by 10 percent year-on-year (YoY), from 8.9 percent in the previous month, Bank of Greece (BoG) figures released on Thursday showed.
Private sector deposits fall back below 200-bln-mark in Jan, led by coprorations
The private sector deposits in the Greek banking system started the new year with a sharp decline in January, with a net decrease of 4.79 billion euros, after a 5.59-billion-euro rise in December, according to the latest Bank of Greece (BoG) figures released on Thursday.