Economy
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.
Consumer confidence hits 19-year high, ESI highest since 2007
Greece’s economic sentiment (ESI) strengthened by 3.1 points in August to reach 108.4 points, European Commission (EC) figures showed on Thursday.
Credit contraction at 0.1 pct in Jul, balance at 160.33 bln
Credit contraction in the Greek market edged down to 0.1 percent in July from 0.2 percent in June, Bank of Greece (BoG) figures showed on Wednesday.
Deposits rise by 1.60 bln in July
Net deposit movement in the Greek banking system stayed positive by 1.60 billion euros in July following an increase of 1.77 billion euros in June, Bank of Greece (BoG) figures revealed on Wednesday.
Capital controls to be abolished ahead of schedule
Prime Minister Kyriakos Mitsotakis announced on Monday that the government was moving ahead with the full lifting of the capital controls that have been in place in Greece since the summer of 2015.
Budget primary surplus confirmed at 1.76 mln in July as revenues overtake expenditure
The budget primary balance recorded a surplus of 1.76 million euros in the first seven months of 2019, compared to a surplus of 926 million noted in July 2018, the Finance Ministry (MoF) budget execution bulletin confirmed on Monday.