Economy
National Bank posts losses of 159 mln in Q1 2015
National Bank (NBG) posted net losses of 159 million euros in the first quarter (Q1) of 2015 from 1.11 billion in Q4 2014, which were entirely due to one-offs.
Alpha Bank reports lower losses of 115.8 mln in Q1 2015
Alpha Bank reported lower quarter on quarter (QoQ) net losses of 115.8 million euros in the first quarter (Q1) of 2015, from 440.2 million in Q4 2014. The improving bottom-line result mainly reflects lower operating expenses and impairment losses.
Economic sentiment, consumer confidence down for third straight month in May
Greece’s economic sentiment (ESI) continued heading south for the third successive month in May, when it fell by 1.3 points to 91.4 in May from 92.7 in April, according to the European Commission.
Piraeus Bank brings Q1 2015 losses down to 69 mln
Piraeus Bank posted net losses of 69 million euros in the first quarter (Q1) of 2015 significantly lower than those reported in Q4 2014 of 332 million and in Q1 2014 of 247 million.
Finance Ministry wavers as revenues remain at the forefront
In a period when deposit sentiment remains extremely fragile and subject to sovereign and macro concerns, it is apparent that any statement or development that adds more uncertainty further harms depositors' sentiment.
Travel receipts up 13.3 pct in March as tourist arrivals increase by 34.4 pct
Greece's travel receipts rose at a slower rate of 13.3 percent in March from 16.2 percent in February, according to the Bank of Greece (BoG).
Greece holds back spending, rakes in one-off revenues for 2.1 bln primary surplus at end of April
Greece’s budget execution showed the 4-month primary surplus more than doubled year on year (YoY), reaching 2.1 billion from 1.05 billion last year, according to the Finance Ministry (MoF) final budget bulletin published on Monday.
Greek stock market up by 3.5 pct over week amid hope of bailout deal
The Greek stock market rebounded 3.5 percent this week, albeit with subdued volumes, amid increasing confidence that Greece would reach an agreement with official lenders in the next couple of weeks.
Smaller rise of 737 mln for unpaid taxes in April
Greece’s new unpaid taxes eased month on month (MoM) for the third straight month in April, coming in at 737 million euros from 989 million in March, according to data released by the General Secretariat of Information Systems (GSIS).
Current account deficit widens to 404 mln in March
Greece's current account (C/A) deficit widened more than four times in March to reach 404 million euros, from 88 million in the corresponding period last year, according to the Bank of Greece (BoG).