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Credit contraction edges up to 2.1 pct in Jan on deductions of 512 million
EconomyMacroeconomyGreek bank credit contraction slightly accelerated to 2.1 percent in January from 2 percent in December, Bank of Greece (BoG) figures displayed on Thursday. The net lending flow turned negative again.... The contraction in Greek bank credit remains unabated since January 2011 with cumulative net deductions of around
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Piraeus posts 1.24 bln loss in Q4 on jump in loan provisions
EconomyBankingPiraeus became on Wednesday the third Greek bank to report a net loss in Q4 of 2015 after declaring a profit in Q3. More specifically, Piraeus said its losses came to 1.24 billion euros in the final.... Net interest income (NII) remained stable QoQ at 463 million, while fell by 4 percent to 1.88
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Budget primary surplus surges to 3.04 billion, extending outperformance
EconomyMacroeconomyby more than 1 billion coupled with an increase in net revenues by 800 million. Compared to targets..., net revenues rose by 11.1 percent to 8.1 billion, 323 million better than target. Primary expenditure
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Greek stocks rise 2.4 pct, up for fourth straight week
Economynet losses of 1.24 billion euros in Q4 as it was largely burdened by a jump in loan provision... by higher operating expenses also including one-off items. Titan reported on Thursday Q4 net loss of 2.4
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Primary cash surplus quadruples to 2.09 bln in first two months of 2016
EconomyMacroeconomy(BoG) figures displayed on Wednesday. The net balance of the central government also posted a surplus... in the 2-month period with net revenues rising by 11.1 percent to 8.1 billion, while expenditure
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Greek stocks fall 3.1 pct over week, volumes soar on Friday due to FTSE reclassification
Economy. Corporate news Motor Oil posted on Friday afternoon net profit of 29.4 million in the fourth quarter... million last year. NBG reported on Tuesday net loss of 2.05 billion in the fourth-quarter (Q4
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Greek banks: Taking stock of a rough 2015 and looking at what lies ahead
AgoraGreek banks concluded the release of fourth-quarter (Q4) results in the first half of March. All core banks posted net loss at the bottom line largely due to one-offs, higher provisions and seasonally increased operating expenses. Starting from the top line, net interest income (NII) rebounded 0.9
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Current account deficit jumps to 742 mln in January
EconomyMacroeconomyprimarily stems from lower net transport receipts. In addition, travel receipts fell by 4.7 percent...-Bills. On the liabilities’ front, a net decline of 416 million was posted attributed to a decrease
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Greece’s dramatic year reflected in ATHEX 2015 results
EconomyThe Board of Directors of Hellenic Exchanges-Athens Stock Exchange (ATHEX) released its annual financial results for 2015 on March 21, 2016, showing that the consolidated net after tax profits... of Greece during 2015. The net after tax profits per share in 2015 amounted to 0.14 euros compared to 0.33
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Jan-Feb budget primary surplus soars to 3.04 bln, aided by underspend and PIB revenues
EconomyMacroeconomyin net revenues by more than 800 million. In addition, the 2-month primary surplus outperformed... million in the 2-month period. This was 45 million short of the target. Overall, net revenues rose by 11.1
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