Economy
NBG Q2 trading update shows higher pre-provision income, marked improvement in NPL formation
Following Eurobank and Piraeus, National Bank of Greece (NBG) published on Wednesday its trading update for the second quarter (Q2), providing the evolution of the key P&L and balance sheet items, excluding those related to loan provisions, after tax earnings and capital.
Updated ELSTAT figures point to minor differences on fiscal data, slight rise in debt ratio
In its second notification on fiscal data, the Hellenic Statistical Authority broadly confirmed the fiscal and debt figures for the 2011 – 2014 period with those disclosed last April.
Current account balance shows a surplus for third straight month, at 2.09 bln in August
Greece's current account (C/A) balance displayed a surplus of 2.09 billion in August 2015, up by 12.5 percent from last year’s figure, Bank of Greece (BoG) data showed on Wednesday. This year’s figure indicates a C/A surplus for the third straight month.
Credit standards for corporate loans tightened again in Q3
Credit standards for corporate loans tightened quarter on quarter (QoQ) for the second successive quarter, Bank of Greece (BoG) bank lending survey (BLS) data showed for the third quarter (Q3) of 2015.
Tax arrears jump to 1.47 bln in Sept as total for year reaches 8.39 bln
Greece’s new unpaid taxes rose by 1.47 billion in September, which is more than the double the 645 million rise in August, General Secretariat of Information Systems (GSIS) data showed on Tuesday.
Industrial turnover dives 18.3 pct in Aug for highest drop in almost 5 years
Greece’s Turnover Index in Industry continued heading south for the tenth successive month in August, when it fell at an accelerating pace of 18.3 percent from 15.4 percent in July, Hellenic Statistical Authority (ELSTAT) data displayed on Tuesday.
Cash primary surplus contracts 2.9 pct to 2.68 bln on weak revenues in Sept
Greece’s central government primary cash surplus eased by 2.9 percent to 2.68 billion euros in the first 9 months of 2015 from 2.76 billion last year, Bank of Greece (BoG) figures showed on Monday.
Piraeus Q3 trading update shows significant acceleration in NPL formation
Following a more detailed trading update for the second quarter (Q2) published last week, Piraeus Bank released on Monday a condensed trading update for Q3 outlining the evolution of the key balance sheet items.
Privatisation chief sees gradual progress but revenues remain unclear
In an interview with Kathimerini newspaper on Sunday, the Chairman of the Hellenic Republic Asset Development Fund (HRADF) Stergios Pitsiorlas provided an update on five privatisation projects.
Greek stocks up by 1.3 pct this week on banks’ 12.4 pct rebound
The Greek stock market saw only marginal movement this week except on Thursday when it rebounded 2.7 percent, led by a sharp rise of bank shares by 13.9 percent amid rumors that capital needs would be manageable.