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ECB's negative opinion on foreclosure bill creates another obstacle in bailout talks
EconomyProgramme) publishing on April 10 its opinion on the draft law on the suspension of primary residence foreclosures... net for vulnerable home owners as a permanent solution. In addition, the ECB suggests that the Greek.... For tackling the humanitarian crisis, the ECB would favour the development of a social safety net
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Eurobank posts net profits of 38 mln in Q4 and 230 mln in 2016
EconomyBankingEurobank recorded net profits of 38.3 million euros in the fourth quarter (Q4) of 2016 from 85.4... since 2010. Its net profits reached 230.1 million in 2016 from losses of 1.18 billion a year ago, mostly... attributed to an NPE corporate loan sale of 150 million, while the NPE net flow stood at -65 million
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Net job hirings at record high of 38,517 in March, lead to positive balance in Q1
EconomyMacroeconomyThe employment balance remained positive in March 2017, with net hirings climbing to 38,517 from... to March net hirings, ahead of the Easter period, was accommodation (+11,898), followed by retail trade... with net hirings at 33,638 from net departures of 4,879 in the 2-month period. In addition, net hirings
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Piraeus Bank records net losses of 6 mln in Q1, further reduction in NPE stock
EconomyBankingPiraeus Bank trimmed its net losses to 6 million euros in the first quarter (Q1) of 2017 from 12... and liquidations (4.5 billion). Selected sales are seen at 2 billion. P&L Net interest income (NII... The bank also presented its 2020 agenda, envisaging an improvement in the net interest margin from 270
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Net job hirings turn negative by 14,402 in August to highest aggregate figure on record
EconomyMacroeconomyof positive net growth in the job market. Compared to August last year when a negative hirings balance... was noted in all age categories except for 45-64 year-olds, where net hirings rose by 2,296...). The biggest industry sectors contributing to net hirings were education (+5,251) and wholesale (+3,079
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Net job hirings of 17,128 in September after brief dip
EconomyMacroeconomyThe employment balance returned to positive territory in September with a net figure of 17,128... on Friday. The September balance is the seventh reading of net growth in the job market in the last eight months. A negative figure of 14,402 was noted in the net hirings balance of August this year
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NBG reports net loss of 35 million in Q3, NPEs fall for sixth quarter
EconomyBankingNational Bank of Greece (NBG) reported a net loss of 35 million euros in the third quarter (Q3... of a net loss of 178 million euros. The Q3 result includes a loss of 44 million from continued... anticipated losses of under 30 million, driven by lower net interest income from the deleveraging
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Alpha Bank posts net profits of 59.4 mln in Q2, NPE sales worth 3.7 bln planned for remainder of year
EconomyBankingAlpha Bank reported net profits of 59.4 million euros for the second quarter (Q2) of 2019, growing from net profits of 27.5 million posted in Q1. In the aggregate period, net profits came to 86.9 million euros in the first half (H1) of 2019, strongly growing from net profits of 12.6 million seen
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NBG reports net profits of 122 mln in Q2, highlights successful bond sale
EconomyBankingNational Bank of Greece (NBG) reported a net profit of 122 million euros from continued operations...-on-quarter (QoQ), this represents a decline of 7 percent. For the first half (H1) of the year, net... quarter of the year. P&L Net interest income (ΝΙΙ) rose by 6 percent QoQ to 309 million, which
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Alpha Bank posts net profits of 4.7 mln in Q3
EconomyBankingAlpha Bank reported net profits of 4.7 million euros for the third quarter (Q3) of 2019, falling sharply from net profits of 59.4 million euros in Q2. In the aggregate period, net profits came to 91.5 million euros in the nine month period (9M) of 2019, strongly growing from net profits of 53.7
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