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  1. Greek private sector sees net job departures of 9,954 in Jan

    EconomyMacroeconomy

    The hirings balance showed net departures of 9,954 in January, up from last year’s figure of 9,273... 2014, when net hirings of 6,397 were recorded. This year’s figure is the second lowest negative... of mechanical equipment (+309). On the flipside, the highest net departures were posted in food services

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  2. Net job hirings of 14,437 in the Greek private sector in February
    Photo by MacroPolis

    EconomyMacroeconomy

    The employment balance displayed net hirings of 14,437 in February, down by 687 from last year’s...), wholesale trade (+1,198) and food and catering services (+1,196). In contrast, the highest net...). The aggregate figures for the 2-month period showed net hirings of 4,483, lower by 1,368 from last

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  3. Eurobank remains profitable with net profits of 46.2 mln in Q2
    Photo by MacroPolis

    EconomyBanking

    Eurobank remained profitable for the second straight quarter, albeit with lower net profits of 46.2... reflecting positive top line trends and cost containment. In particular, net interest income (NII... on ELA and pillar II bonds more than offsetting lower loan NII. Net interest margin (NIM) improved

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  4. Piraeus Bank posts net profits of 31 mln in Q3, records improved asset quality trends
    Photo by MacroPolis

    EconomyBanking

    Piraeus Bank reported a positive bottom-line result for the second straight quarter, with net... quarter. For the 9-month period, the bank posted net profits of 14 million from losses of 621 million a year ago. The quarter on quarter (QoQ) improvement in profitability reflects a rebound in net

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  5. Eurobank records net profits of 85 mln in Q3, updates on NPE reduction targets
    Photo by MacroPolis

    EconomyBanking

    Eurobank posted an improvement in net profits to 85.4 million in the third quarter (Q3) of 2016... by 4.3 percent quarter on quarter (QoQ) to 218 million euros, reflecting a slight rise in net interest... net loans) falling by 30 bps QoQ to 194 bps in Q3. During the conference call, the management guided

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  6. Credit contraction stable at 1.6 pct in Feb, net deductions drop to 101 mln

    EconomyMacroeconomy

    of Greece (BoG) figures showed on Monday. Meanwhile, net deductions significantly slowed to 101... months, the corporate sector has posted cumulative marginal net deductions of 10 million, while... since early 2011 with cumulative net deductions of 40.8 billion over this period dragging down the loan

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  7. Alpha Bank reports net profits of 20 mln in Q4, leading full-year earnings to 42 mln
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyBanking

    Alpha Bank remained profitable for the second straight quarter in Q4 2016, with net profits of 20.1 million euros from 41.1 million in the previous quarter. For the whole year, the bank recorded net...) to 301.6 million in Q4, mostly reflecting a rebound in net interest income (NII). Asset quality

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  8. NBG records net profits of 73 mln in Q4, turns profitable for whole year
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyBanking

    National Bank of Greece (NBG) remained profitable in the fourth quarter (Q4) of 2016, with net... reported net profits of 53 million from huge losses of 2.61 billion in 2015, which included extended... year, core PPI rose by 29 percent to 881 million, mostly on the back of improving net interest

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  9. Net job hirings hit high of 92,132 in April, driving 4-month figure to new record
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    The employment balance remained positive in April 2017, with net hirings rising to 92,132 from... by the 45-64 group (+25,854). The biggest contributor to net hirings were accommodation (+45,763), mostly due... figures for the 4-month period point to net hirings of 125,770, up by around 1,000 from last year’s

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  10. Eurobank records 40 mln net profits in Q2 and third quarter of negative NPE formation
    Photo by MacroPolis

    EconomyBanking

    Eurobank remained profitable in the second quarter (Q2) of 2017, with net profits slightly... percent quarter on quarter (QoQ) to 215.9 million largely on improved net interest income (NII... (provision over net loans) of 1.9 percent from 1.94 percent in Q1 and 2 percent in H1 2016. Balance

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