The net private sector deposit movement in the Greek banking system in April turned positive to 1.35 billion euros, from a negative flow of 989 million euros in March, and negative movement of 258 million seen in February, based on Bank of Greece (BoG) figures released on Friday.
National Bank of Greece (NBG) reported a profit after tax of 208 million euros from continued operations in Q1 2022, compared to a profit of 583 million euros in the same quarter of 2021, a drop of 64 pct.
The growth in building permits picked up pace again in February, with total permits rising by 13.7 percent year-on-year (YoY), from 4.3 percent in January, according to the latest data released by the Hellenic Statistical Agency (ELSAT) on Friday.
Alpha Bank reported a net profit of 125 million euros in Q1 2022, compared to a loss of 282 million euros in the same quarter of 2021.
Eurobank posted an adjusted net income of 305 million euros in the first quarter of 2022 (Q1), compared to a profit of 72 million euros last year.
Inflation and economic bounce boost tax revenues as Jan-Apr budget primary balance beats target by 1.65 bln
The budget primary balance for the first four months of 2022 was confirmed at a deficit of 799 million euros, compared to a deficit of 6.2 billion euros during the same period last year, according to the final Finance Ministry (MoF) budget execution data released on Wednesday.
The Greek government came into office in 2019 promising tax cuts and the adoption of the Stability and Growth Pact escape clause by the eurozone during the pandemic allowed New Democracy to reduce the tax wedge on labour, along with 43 billion euros of Covid-related relief over 2020 and 2021.
The final report linked to the reviews that formed part of the enhanced surveillance framework Greece has been operating under since the summer of 2018, was released yesterday, signaling the end of another chapter in the Greek crisis.
Greece’s travel balance recorded a surplus of 77 million euros in March, from 63 million euros in February, according to Bank of Greece (BoG) data released on Monday.
Growth in industrial turnover continues in Mar as manufacturing, petroleum products lead 38.3 pct rise
Greece’s industrial turnover growth remained strong in March, rising by 38.3 percent year-on-year (YoY), from a slightly upwards revised 34 percent in February, according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday.