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Net profit of 87 mln for NBG in Q1
EconomyBankingby 1 billion in 2017, while the NPL ratio is seen down to mid-teens in the medium-term... down to 51.5 billion. At the same time, deposits in Greece fell by 2.5 percent QoQ to 35.7 billion
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Newsletter 75 - 27/05/2016
lawmaker stepped down from her position immediately (she was replaced by Giorgos Kyritsis... and that the issue of debt relief is kicked down the road far enough so that it does not become a controversial
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Q1 GDP contracts 0.5 pct QoQ and 1.4 pct YoY, slightly worse than flash estimates
EconomyMacroeconomyposted in Q4 2015. A similar trend was also displayed in the YoY comparison with GDP down 1.5 percent... markedly down by 5.2 percent QoQ and 23.4 percent YoY. The Bank of Greece balance of payments data for Q1
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Credit contraction decelerates to 1.9 pct in April, loan deductions drop to 117 mln
EconomyMacroeconomyGreek bank credit contraction slowed down for the second straight month to 1.9 percent in April from 2.1 percent in March, Bank of Greece (BoG) figures showed on Tuesday. Net deductions eased to 117... with cumulative net deductions of 38 billion leading balances down 21.6 percent over the end-2010 figure
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Greek stocks rebound 1.9 pct during week
Economydecision. They rebounded by 3.7 percent on Friday. Overall, they ended marginally down (-0.4 percent... week. Corporate news OPAP posted first quarter (Q1) net profit of 43 million, down 26 percent
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Coalition and New Democracy at odds over anti-government protests
PoliticsGreek Politics, drew an immediate response from New Democracy, which demanded that Fylis step down. It is not the first... that the government stands down. The stance taken by the two sides is reminiscent of the rallies last summer
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Current account deficit narrows to 822 mln in April
EconomyMacroeconomyas travel receipts fell by 7 percent to 443.3 million with non-residents’ arrivals down by 3.5 percent... by 5.3 percent, leading the 4-month travel surplus down by 5.1 percent to 370.1 million. BoG also said
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Russia and China prove hot topics in Tsipras-Obama talks at NATO Summit
PoliticsForeign Policyleader’s “position was quickly slapped down by US President Barack Obama.” In Warsaw, Tsipras also... to play down the significance of the incident. In fact, government officials note
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Newsletter 83 - 22/07/2016
Financial Stability Fund (HFSF), he decided to step down to facilitate the entrance of new figures... 600 million. The growing surplus stems from below-target primary expenditure. Turnover index down
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Current account deficit widens to 412 mln in May
EconomyMacroeconomy, while non-residents’ arrivals edged down by 1.3 percent. BoG noted that the soaring primary income.... Reserve assets edged down month on month to 6.68 billion euros in May from 6.78 billion in April
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