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Newsletter 73 - 13/05/2016
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
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Newsletter 75 - 27/05/2016
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
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Encouraging signs for Greek banks in Q1 results but NPL management looms large
Agoraenhanced 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
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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
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Technical MoU provides more detail on fiscal brake, arrears and privatisations
EconomyProgrammemechanism 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
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HELEX H1 2016 results show continuing drop in profits
Economythat 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
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One-off loss affects NBG’s P&L, NPE stock drops by 900 mln in Q2
EconomyBankingNational 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
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Greek stocks drop 1.5 pct during week, banks post losses of 7.7 pct
Economyon the sidelines. Corporate news Piraeus Port Authority (OLP) posted net profits of 1.6 million... Power Company (PPC) net profits fell to 57.1 million in H1 from 105.6 million last year, with turnover... (EYDAP) said H1 net profits edged up 1.5 percent to 17.3 million reflecting a rise in turnover by 1.8
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Greek stocks climb 5 pct on week led by double-digit bank gains
Economyin the scheduled semi-annual index review. Corporate news Grivalia Properties’ net profits tumbled 62... that showed net profits improved to 31 million from 20 million in the previous quarter. The bank also... displayed an increase in its net profits to 85 million in Q3 from 46.2 million in Q2, while updated
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Greek stocks rise for third consecutive week as trading increases
Economylevel since the last week of June, from 50 million in the previous week. Corporate news OPAP’s net... showed net profits more than doubling to 76.1 million in Q3, while gross profits also notable improved..., while EBITDA fell to 113.7 million from 125.7 million a year ago. NBG turned profitable in Q3 with net
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