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Piraeus snaps up share in MIG to complete series of corporate moves
EconomyBankingof 1.19 billion euros, EBITDA turned positive at 8.6 million, while net loss narrowed to 234.5... at 209 million. Net Asset Value (NAV) stood at 967 million corresponding to 1.26 euros per share
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Greek central government debt inches down to 320.42 bln in Q1
Economya net increase in repo loans by 2.07 billion. The latter appears in the debt structure for the first... billion by the end of Q1 2014, the IMF net financing has been reduced accordingly to 25.4 billion
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Alpha Bank posts loss of 94.1 mln in Q1
EconomyBankingAlpha Bank, the third largest Greek bank by total assets, posted a Q1 net loss of 94.1 million euros from profit of 230.4 million last year. The latter excludes the negative goodwill of 3.28 billion... on year (YoY). On the revenue front, net interest income (NII) soared 43.8 percent YoY to 471
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Piraeus Bank reports loss of 247 mln for Q1
EconomyBankingPiraeus Bank concluded the first quarter (Q1) reporting season for Greek banks by posting a net loss of 247 million from 700 million in Q4. Lower loss on a quarterly basis mainly reflects a 39... million in Q4. In contrast, net interest income (NII) rebounded 0.9 percent QoQ to 479 million, largely
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Deposits rise for third straight month in May, reaching 162.1 bln
EconomyMacroeconomyGreek private sector deposits rose 0.4 percent month on month (MoM) in May, with balances reaching 162.1 billion euros, according to the Bank of Greece (BoG). The net flow remained positive... for the third successive month, the year to date net flow is still negative with outflows amounting
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Greek primary budget surplus reaches 712 mln in first half of 2014
Economytarget. Overall, net revenues eased 0.9 percent to 20.65 billion, marginally above target, as better... there was a net increase of arrears at 489 million so far in 2014. As expected, interest payments increased month
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Greek gg debt down by 1 pp in Q1 2014, still at 174.1 pct of GDP
Economyat 321.66 billion at the end of May. The evolution within 2014 incorporates a net decrease in the long-terms bonds by 8.2 billion euros, which is counterbalanced by a net increase of 4 and 4.3 billion
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Q2 GDP contraction at 0.3 pct, strong Q3 needed to achieve target of annual growth
EconomyMacroeconomyof Greece (BoG) H1 data, non-residents’ direct investment in Greece showed a net inflow of 936 million. In addition, under the portfolio investment a net inflow of 4.6 billion was recorded, mainly
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Greek debt: A case of learned helplessness?
Agoraon a net basis did not exceed 51.2 billion euros. This is a product of the eurozone denying... social welfare, the safety net for the most vulnerable and more targeted public investment
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Wealth in Greece plunged by 170 bln since 2007, report finds
Society, the UK and Italy. The average net wealth per adult stood at 167,100 euros in 2013. However... a net wealth of at least 850,200 euros and make up almost 50 percent of total European wealth, while
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