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Piraeus Bank posts net profits of 31 mln in Q3, records improved asset quality trends
EconomyBanking-performing loan (NPL) formation for the third successive quarter with Q3 figure at -335 million euros...) and to a lesser extent to mortgages (-41 million), while consumer credit posted a slightly positive NPL formation of 5 million. NPLs As a result, the NPL ratio edged down for the second consecutive quarter
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Eurobank records net profits of 85 mln in Q3, updates on NPE reduction targets
EconomyBanking-performing loan (NPL) formation for the second successive quarter of -28 million in Q3 from -16 million in Q2. In Greece, the negative NPL formation stood at -17 million in Q3 and reflected a negative... to loan deleveraging, the NPL ratio edged up to 34.8 percent in Q3 from 34.7 percent in Q2
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Eurobank net profits decline by 22.5 pct in 2017, NPE reduction beats target
EconomyBanking, also staying negative for a fifth quarter, while in consumer loans, NPE formation was -5 million. NPL... formation of 26 million in Q3. The NPL stock was reduced by around 1.2 billion QoQ to 15.8 billion with the NPL ratio slipping to 33.2 percent in Q4 from 35.2 percent in Q3. The NPL coverage ratio edged
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Alpha Bank posts net profits of 27.5 mln in Q1, ELA eliminated
EconomyBankingperiod a year ago, NPLs have declined by 2.2 billion euros. By segment, NPL formation in the wholesale.... Within retail NPL formation declined in all three sectors. Specifically, small business loan NPLs fell... million. The reduction in the NPL stock led to an improvement in the NPL ratio to 32 percent in Greece
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Incorporating impact of Ukraine war, EC revises growth forecast down to 3.5 pct
EconomyMacroeconomyIn its spring forecasts, published on Monday, the European Commission incorporated the impact of the conflict in Ukraine on the growth outlook for the eurozone, with the Greek growth rate for this year now revised down to 3.5 pct, from the 4.9 pct inclu...
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Economic sentiment approaches pre-Ukraine war high, consumer confidence highest since 2021
EconomyMacroeconomyGreece’s economic sentiment (ESI) recorded a solid rise of almost 2 points in June, after a minor 0.6-point drop in May, according to European Commission figures released on Thursday. Sentiment has been improving in six of the last eight months and is n...
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Trump trade war could take a toll on Greek economy
EconomyMacroeconomyAs the Trump presidency nears the end of its first month in office, it is clear that America First will dominate US economic and foreign policy, and the protectionist approach to US trade will be the cornerstone of Donald Trump's goals for economic and ...
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Parties gear up for fresh tug-of-war over Tempe investigation
PoliticsGreek PoliticsIt looks like the latest showdown between the government and the opposition over the Tempe issue is due to begin next week, when PASOK is expected to propose that the immunity of former Transport Minister Kostas Karamanlis be lifted so that he can face ...
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Iran war fallout impacts Mar prices as energy drives 3.9 pct YoY CPI rise
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) accelerated significantly in March with a rise of 3.9 percent year-on-year (YoY), from 2.7 percent in the previous month, according to the data released on Wednesday by the Hellenic Statistical Authority (ELSTAT). The...
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IMF sees war having moderate impact on economy, while fiscal outlook remains solid
EconomyMacroeconomyThe IMF published this week its latest macroeconomic and fiscal forecasts in the context of the spring meetings with the World Bank, capturing the effects of the Iran conflict and its impact on the global outlook. For Greece, the Fund sees a stable grow...
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