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Credit contraction accelerates to 1.5 pct in Dec, net lending flow remains subdued
EconomyMacroeconomy. The monthly flow remained subdued for the second straight month with net deductions of 28.7 million euros in December from net additions of 61.7 million in November. The modest negative flow in December reflects household and sole proprietors’ net deductions of 157 and 15 million respectively mitigated
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Credit contraction decelerates to 0.9 pct in April, net additions climb to 659 mln
EconomyMacroeconomyis the lowest rate of decline since April 2011. More importantly, the net lending flow stayed positive.... The April figure is the highest reading since June 2012, when net additions stood at 853 million. The positive flow in April is almost entirely attributed to corporate sector net additions of 763
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Newsletter 277 -11/12/2020
PM rebuffs Covid-19 criticism Mitsotakis defends govt stance but is forced to extend some measures until Jan After being forced to extend Covid-19 restrictions into January, Prime Minister Kyriakos Mitsotakis tried to defend this week his, and his gover...
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Credit contraction slows to 1.3 pct in March on net additions of 307 mln
EconomyMacroeconomyof decline since July 2011. The net lending flow turned positive for the first time since December, with net additions of 307 million in March from net deductions of 101 million in the previous month. The positive flow fully reflects corporate net additions of 487 million, while household lending net
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Piraeus Bank posts net profit of 14 mln in Q1 from continued operations
EconomyBankingPiraeus Bank’s first quarter (Q1) results revealed net results from continued operations showing a profit of 14 million euros compared to a net profit of 145 million in Q4 2018. The latest results reflect a fourth continuous quarter of profitability for the bank. Net results overall came
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Piraeus Bank posts net profit of 49 mln in Q4 and 270 mln in 2019
EconomyBankingPiraeus Bank’s final quarter (Q4) results showed profits of 189 million euros compared to a net profit of 49 million euros in Q3 2019. The latest results mark a sixth consecutive quarter where net results have landed in profit. For 2019, net results showed a profit of 270 million euros versus net
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Piraeus Bank's net profit at 278 mln in Q1, net interest income at 481 mln
EconomyBankingPiraeus Bank posted a net profit of 278 million euros in Q1 this year, from 282 million euros in Q1 2025. Net interest income (NII) came to 481 million euros in Q1, while net fee income was 210 million euros, from 481 million and 160 million euros respectively in Q1 2025. Net trading result
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Credit contraction slows to 2 pct in Dec on net loan additions of 210 mln
EconomyMacroeconomyof Greece (BoG) data showed on Friday. The net lending flow turned positive for the first time since June 2015 with net loan additions of 210 million euros in December from deductions of 458 million... eased to 96.36 billion euros in December. Following the positive flow in December, the full year net
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Net job hirings rise again, reaching 19,281 in July - highest since 2001
EconomyMacroeconomyThe employment balance was kept positive for the sixth successive month with net hirings reaching 19,281 in July 2016 from net departures of 16,658 a year ago, the Labour Ministry’s information... that the 15-24 years old group recorded net hirings of 22,533 followed by the next age group (25-29
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Alpha Bank posts net profits of 98 mln in Q2
EconomyBankingAlpha Bank reported net profits of 98 million euros for the second quarter (Q2) of 2020 compared to a net loss of 11 million euros in Q1 2020. On an aggregate basis, net profits in the first half (H1..., NII came to 772 million euros, edging down by 0.7 percent YoY. The Net Interest Margin (NIM
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