Economy
Alpha Bank posts net loss of 10.9 mln in Q1
Alpha Bank reported a net loss of 10.9 million euros for the first quarter (Q1) of 2020 compared to net profits of 5.4 million euros in Q4 2019.
NBG results show net profits of 409 mln euros on strong trading income in Q1
National Bank of Greece (NBG) reported a net profit of 409 million euros from continued operations in the fιrst quarter (Q1) of 2020, compared to 18 million euros in Q4.
Fourlis Group reports lower Q1 revenue, Hellenic Exchanges see higher trading
Fourlis Group has reported an decrease in sales of 12.6 percent in their first quarter (Q1) results for 2020.
Economic sentiment at 88.5 in May, consumer confidence begins to stabilise
Greece’s economic sentiment (ESI) fell by 10.8 points month-on-month in May to reach 88.5 points, European Commission (EC) figures showed on Thursday.
Athens welcomes volume, form of Commission's pandemic recovery plan
There was a pleasant surprise for Greece on Wednesday when the European Commission announced its proposal for a Recovery and Resilience Facility (RRF) of 750 billion euros, which will be attached to the 1.1 trillion euros multi-year fiscal framework of 2021-2027.
EYDAP reports net profit increase of 21 pct for 2019
The Athens Water Supply and Sewerage Company (EYDAP) has released its full year financial results for 2019, showing that turnover increased by 0.4 percent for the year in question, coming in at 323.7 million euros versus 322.4 million euros in 2018.
Gloomy preliminary results for Aegean as state support talk gathers pace
Greece’s national airline, Aegean Airlines, has sounded the alarm over its first quarter (Q1) results which showed a sharp drop in revenues in the third month of the quarter, dragging the entire quarter down.
BoG governor renews calls for launch of bad bank and ESM use
Bank of Greece governor Yannis Stournaras has reiterated calls for the immediate implementation of Greece’s bad bank to deal with the reduction of NPEs.
April budget primary balance shows deficit of 1.52 bln as state revenues miss target by 7.5 pct
The budget primary balance recorded a deficit of 1.52 billion euros in the first four months of 2020, compared to a surplus of 1.46 billion noted a year earlier, the final Finance Ministry (MoF) budget execution bulletin for April showed on Monday.
Exposure to tourism sector a concern for banks despite effort to save season
As Greece moves to reopen its tourism season, the implications for Greece’s banking sector could be widespread thanks to the loan exposure that Greek banks have to this sector.