Economy
Alpha Bank posts net profits of 65.2 mln in Q1, NPEs fall for fifth quarter
Alpha Bank reported net profits of 65.2 million euros for the first quarter (Q1) of 2018, reversing the loss of 64 million in Q4 2017.
Manufacturing PMI up to 54.2 in May, completing 12 months of rises
The Greek manufacturing sector’s recovery completed a full year of expansion in May, with Markit’s PMI settling at 54.2, up from the 52.9 in April.
Capital controls eased, allowing larger withdrawals and doubling limit on business transfers abroad
Greece’s Finance Ministry (MoF) announced on Thursday that the capital controls introduced in the summer of 2015 will be further relaxed from Monday as part of an effort to fully abolish them not long after the end of the programme.
OPAP Q1 net profits rise 20 pct on VLT terminal revenues
The Greek Organisation of Football Prognostics (OPAP) has released its Q1 results showing that gross gaming revenues (GGR) came to 377.3 million euros, an increase of 5.1 percent.
Lamda Development EBITDA up 44.3 pct in Q1 on full acquisition of The Mall Athens
Property developer Lamda Development has reported a 44.3 percent rise in EBITDA in the first quarter (Q1) of 2018 to 14 million euros.
Retail sales up by 1.2 pct in March on higher activity in dept stores, clothing
Greece’s retail sales index increased by 1.2 percent in March 2018, following a decline by 0.4 percent year-on-year in February, according to data published by the Hellenic Statistical Authority (ELSTAT) on Thursday.
Eurobank net profits at 34.5 mln in Q1
Eurobank recorded net profits of 34.5 million euros in the first quarter (Q1) of 2018, representing a year-on-year (YoY) decline of 5.5 percent versus net profits of 36.5 million euros in Q1 2017.
Almost 1 in 3 jobs in private sector are part-time, average full-time salary at 936 euros
The Unified Social Security Fund (EFKA), which has since last year seen all the main social insurance funds in Greece come under its umbrella, released on Wednesday its latest employment data.
Piraeus Bank sells first real-estate backed NPE portfolio worth 1.95 bln
Piraeus Bank has agreed the sale of a corporate NPE portfolio worth 1.95 billion euros as part of its ongoing strategy to reduce the volume of bad loans on its books.
Economic sentiment up to 104.2 in May, construction confidence grows by 15.7 pts
Greece’s economic sentiment (ESI) grew by 0.6 points to 104.2 in May versus 103.6 in April, European Commission (EC) figures revealed on Wednesday.