Economy
Overall loan interest at 4.05 pct in April, hitting new series low
The overall weighted average interest rate on all new loans to households and non-financial corporations was almost unchanged month-on-month 4.05 percent in April from 4.06 percent in March, data from the Bank of Greece (BoG) showed on Friday.
Apartment prices rise by 6.9 pct in Q1
The rise in the nominal value of apartments in Greece came to 6.9 percent year-on-year (YoY) in the first quarter (Q1) of 2020 from a revised increase of 7.6 percent in Q4 2019, Bank of Greece (BoG) data showed on Thursday.
GDP falls by 1.6 pct QoQ in Q1 and by 0.9 pct YoY
Greece’s seasonally adjusted (SA) GDP fell by 1.6 percent quarter-on-quarter (QoQ) in the first quarter (Q1) of 2020 after a decrease of 0.7 percent in Q4 2019, provisional estimates from the Hellenic Statistical Authority (ELSTAT) revealed on Thursday.
GEK Terna posts net profits of 55.7 million in 2019
Greek construction and energy group GEK Terna has released its financial statements for the year 2019 which showed that group revenue came to 1.16 billion, a decrease of 17.5 percent compared to the previous year.
Piraeus Bank posts net loss of 232 mln in Q1 due to Covid-19 impact
Piraeus Bank’s first quarter (Q1) results revealed a net loss of 232 million euros compared to a net profit of 189 million euros in Q4 2019.
PMI rises to 41.1 points in May but manufacturer pessimism persists
Greece’s manufacturing PMI increased to 41.1 points in May from 29.5 points in April, according to the latest data from Markit PMI.
Eurobank net profits at 56.8 mln in Q1
Eurobank recorded net profits of 56.8 million euros in the first quarter (Q1) of 2020 compared to net profits of 32.6 million in Q4.
Deposits rise by 1.43 bln in April
Net deposit movements in the Greek banking system were positive by 1.43 billion euros in April, dropping from inflows of 1.43 billion in March, Bank of Greece (BoG) figures revealed on Friday.
Credit growth in April marks first two successive months of expansion since 2010
Credit movement in the Greek private sector increased by 0.3 percent in April, from a rise of 0.1 percent in March, Bank of Greece (BoG) figures showed on Friday.
Retail sales down by 1.5 pct in March for first fall in seven months
Greece’s retail sales index fell by 1.5 percent in March from a slower increase of 3.6 percent in February, Hellenic Statistical Authority (ELSTAT) data showed on Friday.