Economy
NBG NII jumps 13 pct YoY in H1 to 1.19 bln, net profit up 27 pct to 646 mln
National Bank of Greece (NBG) reported a core profit after tax of 646 million euros in H1 2024, compared to a profit of 508 million euros in the same period of 2023, a significant rise of 27 percent year-on-year (YoY).
PMI moderates again in July to 53.2 pts as firms' confidence reaches 10-month low
Greece’s Manufacturing PMI continued to moderate in July, dropping to 53.2 points, from 54 points in June, according to S&P Global data released on Thursday.
Eurobank NII jumps 8.6 pct to 1.13 bln in H1, fees income also up to 282.7 mln
Eurobank posted a net profit of 721.3 million euros in H1, compared to 684 million euros in the same period of 2023.
Piraeus NII exceeds 1 bln in H1, commissions income at 325 mln
Piraeus Bank posted a net profit after tax of 612 million euros in H1 2024, from 442 million euros in H1 last year.
Late Easter helps retail sales rise by 14.3 pct YoY in May
Greece’s retail sales jumped in May with a 14.3 percent year-on-year (YoY) rise, after an 1.3 percent drop in April, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday.
June unemployment rate at 9.6 pct as seasonality favours labour market
Greece’s seasonally adjusted (SA) unemployment rate dropped in June, landing at 9.6 percent, from 10.3 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday.
Despite moderation in June, H1 hiring balance up by 34,290 jobs YoY
Greece’s employment balance moderated in June, with 23,961 more hires than departures, according to data from the Labour Ministry’s Ergani information system.
Led by energy, producer prices drop by 0.7 pct YoY in June
Greece’s Producer Price Index (PPI) remained in contraction in June, dropping by 0.7 percent year-on-year (YoY), after falling by 1.4 percent in May, ELSTAT data showed on Tuesday.
Economic sentiment falls sharply in July as nearly all segments deteriorate
Greece’s economic sentiment (ESI) fell sharply in July, reaching 106.8 points, from 110.5 points in the previous month, according to European Commission figures released on Tuesday.
Greece's ongoing divestment from banking sector creates new lender, stirs controversy
The deal for the merger between Attica Bank and Pancreta raised more questions than the Greek authorities would have anticipated regarding what was presented as one of the final steps for the state to reduce its participation.