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National Bank posts losses of 159 mln in Q1 2015
EconomyBanking(PPI) eased 2 percent QoQ to 357 million in Q1 reflecting a drop in operating income and expenses.... On the flipside, the domestic lending spread slipped by 5 bps mainly arising from a 14 and 10 bps drop... credit legislation impact. The Basel III full loaded CET1 showed a slower drop to 8.7 percent in Q1
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Downturn in retail trade eases to 0.4 pct in March
EconomyMacroeconomypercent. The breakdown by sector of retail turnover showed a MoM drop in clothing and footwear (-10.3... years, the highest drop was recorded in furniture and electoral and household equipment (-45.5 percent..., turnover in automotive fuel posted a single-digit drop (-8.8 percent) supermarkets’ sales decreased
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Greek CPI falls by 2.1 pct in May, same as April
EconomyMacroeconomyThe rate of drop in the Greek consumer price index (CPI) was unchanged in May, when it remained... in the first ten days of the month. This is mainly demonstrated in the 12.1 percent MoM drop in clothing... and the large drop in oil prices. In their latest updated forecasts, the European Commission
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Travel receipts rise by 16.3 pct in April on jump in arrivals
EconomyMacroeconomywith the drop in payments led the April travel surplus to 311.9 million, up 40.5 percent from last year’s... France, which was the outperformer in the first quarter, showed a drop by 2 percent in April arrivals... in the other Greek airports rose by a modest 1.6 percent in May following a 3 percent drop in April
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Credit contracts by slower rate of 2.1 pct in May
EconomyMacroeconomy, according to the Bank of Greece (BoG). The May headline figure is the slowest drop since August 2011... in May from 2 percent in April. The headline figure for May indicates the lowest drop since November... in shipping due to transfer of loans. Unlike corporates, the drop in loans to sole proprietors accelerated
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Retail turnover fall accelerates to 3.3 pct in April
EconomyMacroeconomyStatistical Agency (ELSTAT). The April headline figure is the highest drop since December 2014..., which eliminate the impact of monthly seasonal effects, showed a drop in retail trade by 3 percent... and property taxes. The highest drop over this 6-year period was posted in furniture and electoral
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Newsletter 33 - 03/07/2015
recorded a sharp drop in excess of 50 percent amid a lack of cash and concerns about forthcoming.... There was also a faster drop in new orders, while new export orders fell for the eighth straight month... The drop in the turnover of Greece’s retail trade index fell by the faster rate of 3.3 percent in April
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Greek trade deficit plunges by 24.2 pct in May
EconomyMacroeconomybillion in May, which is the second lowest reading so far in 2015. The sharp drop in May trade... in May, which indicates the second highest reading year to date. The drop in imports also follows... by 12.6 and 2.9 percent respectively, resulting in a slower drop of trade deficit by 7 percent
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Unemployment rate slips to 25.6 pct in April, lowest since July 2012
EconomyMacroeconomywith a drop in the number of jobless by 1 percent compared to March. The drop in the number of unemployed.... The respective breakdown by age group showed a drop in the unemployment rate by more than 2 pp YoY
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Current account surplus at 407 mln in May - first positive balance since Sept 2014
EconomyMacroeconomyimproved by almost one third to 985 million from 1.46 billion last year, reflecting a double-digit drop... that resulted in a drop in oil imports by the Hellenic Petroleum, one of the two main Greek refineries... to a higher drop in imports (-9.6 percent) compared to that of exports (-7.8 percent). In absolute terms
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