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  1. Greek stocks surge 9 pct, up for third successive week

    Economy

    Eurobank posted on Wednesday a net loss of 175.3 million euros in the fourth quarter (Q4) reflecting improved quarter on quarter (QoQ) net interest income, marked rebound of fee income and higher loan impairments. On Thursday, Alpha also reported a net loss of 533.1 million euros on the back

    6%
  2. NBG records loss of 2.05 bln in Q4 on one-offs and jump in credit risk provisions
    Photo by MacroPolis

    EconomyBanking

    NBG concluded on Tuesday the release of Greek core banks’ fourth quarter (Q4) results, posting net.... Net interest income (NII) edged up 1 percent QoQ to 474 million euros, largely due to lower... guided for a sharp reduction in cost of risk (provisions over net loans) from 329 bps in Q4 to 150-170

    6%
  3. Newsletter 70 - 15/04/2016

    Newsletters

    document estimates net savings of 2.5 percent of GDP are required to achieve a much lower primary surplus... a record low of 692 in absolute terms. Net hirings in March The employment balance showed net

    6%
  4. Newsletter 73 - 13/05/2016

    Newsletters

    38 months. Housing and transport prices, which fell by almost 5 percent, fuelled April’s drop. Net hirings up in April Greece saw net hirings of 90,631 in April, up by 10,408 compared... of 124,545 departures. The biggest positive contributors to net hirings were accommodation (+46,086), food

    6%
  5. Newsletter 75 - 27/05/2016

    Newsletters

    company OTE and Hellenic Petroleum. On the bank front, Piraeus posted on Wednesday a net loss of 37 million for the first-quarter (Q1). It is worth highlighting the quarter-on-quarter (QoQ) rebound in net... for the first time since 2008. Ethniki (NBG) released its Q1 results on Thursday, with net profit at 87 million

    6%
  6. Encouraging signs for Greek banks in Q1 results but NPL management looms large
    Photo via Flickr https://flic.kr/p/4hVnhM

    Agora

    enhanced with two banks, NBG and Eurobank posting net profit of 87 and 60 million euros respectively, while Alpha and Piraeus recorded relatively modest net losses of 2 and 37 million respectively. The first positive development relates to a further quarter on quarter (QoQ) improvement in their net

    6%
  7. Credit contraction accelerates to 2 pct in May on increased loan deductions of 357 mln

    EconomyMacroeconomy

    , Bank of Greece (BoG) figures displayed on Monday. Net deductions increased to 357 million euros... moderate at 68 million. The year-to-date net deductions stand at 1.46 billion in the 5-month period... million. Since the beginning of 2011, when Greek bank credit turned negative, cumulative net

    6%
  8. Technical MoU provides more detail on fiscal brake, arrears and privatisations

    EconomyProgramme

    mechanism adopted recently, the technical MoU clarifies that, in case it is activated, the net fiscal..., net of EU transfers to the Greek budget for migration-related costs, are excluded from... that the government has cleared net arrears for an amount equivalent to 80 percent of the previous disbursement

    6%
  9. HELEX H1 2016 results show continuing drop in profits
    Photo via www.helex.com

    Economy

    that the net profits of the group came to 3.2 million euros compared to 5.4 million euros in H1 2016... half results could be gauged from the group’s Q1 2016 results, where net profits fell by 54 percent, fuelled by Greece’s rocky economic outlook. Annual results for 2015 showed a fall in net

    6%
  10. One-off loss affects NBG’s P&L, NPE stock drops by 900 mln in Q2
    Photo by MacroPolis

    EconomyBanking

    National Bank of Greece (NBG) recorded net losses of 3.06 billion in the second quarter (Q2... and capital. Excluding this extraordinary item, net losses stood at 26 million in Q2 from profits of 26... million, mainly reflecting lower costs related to pillar II bonds. Net interest income (NII) edged up 1

    6%