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Piraeus Bank posts net profit of 20 mln in Q2 from continued operations, NPE sales step up
EconomyBankingoperating expenses stood at 476 million in H1, reflecting a fall of 7 percent YoY. The cost-to-income ratio
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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
EconomyBankingare expected to continue to fall as processes are streamlined, including further digitalising initiatives
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PMI edges up to 54.9 in August as production, new orders soar
EconomyMacroeconomycreation remained strong, and backlogs of work continued to fall, outpacing new business orders
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H1 bank results show performance stabilising, laying ground for further improvement
EconomyBankinga fall of 7 percent YoY. The cost-to-income ratio stood at 53 percent on a recurring basis for H1
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Newsletter 218 -06/09/2019
to a fall of 0.8 percent in 2017. Properties in Athens and Thessaloniki recorded YoY price increases
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Tax cuts spearhead Mitsotakis's message in Thessaloniki
PoliticsGreek Politics, who wanted the media spotlight to fall on the measures he announced (or re-emphasised
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VAT gap remains high as non-compliance overtakes revenue rise
EconomyFeaturesalso worsened in Greece between 2016 and 2017 with a fall of 3.7 percent, again representing
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Unemployment drops to 16.9 pct in Q2, hitting eight-year low
EconomyMacroeconomy. The current quarter’s movement was driven largely by a fall in the number of unemployed by around
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Athens submits APS plan aiming to remove up to 30 bln of NPLs from bank balance sheets
EconomyBankinghave to fall to below 10 percent in order for Greek banks to be competitive and in a position
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Newsletter 220 -20/09/2019
in February, Czurda said that the NPE ratio would have to fall to below 10 percent in order for Greek
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