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  1. Drop in revenues drives Jan central government primary cash deficit to 149 mln

    EconomyMacroeconomy

    Greece’s central government primary cash balance recorded a deficit of 149 million euros in January 2015 from surplus of 812 million last year, according to the Bank of Greece (BoG). The central government net balance also displayed a deficit of 217 million from surplus of 603 million in January

    18%
  2. Newsletter 285 - 19/02/2021

    Newsletters

    investment budget came to 4.24 billion euros. Net revenues came to 3.85 billion euros, below target by 812

    17%
  3. Greek Jan-Apr primary budget surplus rises above 1 bln despite revenue shortfall

    Economy

    to beat targets by 310 million, yet at a slower pace compared to the previous months. The year... Investment Budget (PIB) balance (390 million) counterbalancing lower net revenues (1.05 billion). Revenues... the 2013 figure exceeded the annual target. Lower revenues and higher tax refunds led four-month net

    16%
  4. Newsletter 104 - 27/01/2017

    Newsletters

    ) to 615 million euros in the fourth quarter (Q4) of 2016, from 310 million in the previous quarter... in the last quarter of the year. Greek households’ net financial wealth tumbled by 37.5 percent during... bulletin. Specifically, the net financial wealth increased by 30.4 percent from Q1 2002 to Q4 2007

    14%
  5. Greece's golden visa scheme brings revenues, but risks as well

    EconomyFeatures

    3,644 Russia 429 990 Turkey 308 811 Egypt 109 265 Lebanon 109 310 Iraq 84 320 Ukraine 83 181 Syria... since 2011, focuses on high net worth investors. It has a higher threshold of 2 million euros and had

    13%
  6. Net interest income soars by 47 pct in 2023 as Eurobank reports net profit of 1.14 bln
    Image via www.eurobank.gr

    EconomyBanking

    Eurobank posted an adjusted net profit of 1.26 billion euros in 2023, compared to a profit of 1.18 billion euros in the previous year, a rise of 6.6 percent. Net profit was 1.14 billion euros vs... was 86.4 percent, up by 10.9 percentage points. P&L Net interest income in 2023 increased by 46.9 percent

    11%
  7. Credit contraction accelerates to 1.5 pct in Dec, net lending flow remains subdued
    Photo by Panayiotis Tzamaros/Fosphotos

    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

    10%
  8. Credit contraction decelerates to 0.9 pct in April, net additions climb to 659 mln
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    is 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

    10%
  9. Piraeus Bank posts net profit of 44 mln in Q3 from continued operations
    Image via www.piraeusbank.gr

    EconomyBanking

    Piraeus Bank’s third quarter (Q3) figures revealed net results from continued operations showing a profit of 44 million euros compared to a net profit of 20 million in Q2 2019. This marks a fifth consecutive quarter where net results have landed on a profit rather than loss. Net results overall

    10%
  10. Newsletter 279 -13/11/2020

    Newsletters

    balance decreased slightly to 147.25 billion euros. The net lending flow was positive by 230 million compared to outflows of 247 million euros in October. The corporate lending balance's net monthly flow...), rose by 2.72 billion in November. Net deposit movements in the Greek banking system were positive

    10%