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Credit growth stable at 0.9 pct in Oct, led by lending to corporates
EconomyMacroeconomyby 148 million, following positive by 611 million euros in the previous month, taking the balance
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Alpha Bank's NII at 1.65 bln in 2023, rising by 41 pct
EconomyBankingAlpha Bank reported a net profit of 611 million euros in 2023, compared to a profit of 368 million euros in 2022. Normalised profit after tax for 2023 was 780 million euros, from 398 million in 2022, a rise of 96 percent. Core pre-provision income (PPI) in 2023 was 1.25 billion euros, from 717
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Construction shows first signs of recovery in 2025 as building activity rises 31.6 pct YoY in May
EconomyMacroeconomyin Attica (611), in line with the historical trend, and the smallest number of permits were issued
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Greek economic sentiment for May at highest point since August 2008
EconomyMacroeconomyGreece’s economic sentiment improved by 3.7 points to 99.1 in May, after falling by 2.1 points in April, according to the European Commission (EC). The headline figure reached a low of 74.8 points in March 2009, and hovered between 75 – 90 points until ...
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First signs from new Greek government point to awkward meetings with lenders
EconomyProgrammeThe first signs of the new Greek government intentions on the economic front were already indicated right after its formation. The Alternate Minister for Shipping Theodore Dritsas told reporters – before he was sworn in – that the privatisation process ...
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Greek deposits nosedive by 12.8 bln in Jan as balances reach lowest point since Aug 2005
EconomyMacroeconomyGreek private sector deposits fell for the fourth successive month in January at the accelerating pace of 7.6 percent month on month (MoM), with balances reaching 148.04 billion euros, according to the Bank of Greece (BoG). The January figure is the low...
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Greece’s price index falls to second lowest point in 12 years
SocietyCommunications are hugely more expensive while prices for transport services are considerably cheaper than the EU average, according to data on price levels on consumer goods and services released by Eurostat last week. Based on price surveys covering m...
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Marinopoulos travails point to wider difficulties for supermarket sector
EconomyFeaturesIt’s been a dramatic few days for the Marinopoulos, Greece’s biggest supermarket chain. The company filed for protection from its creditors last Tuesday amid 1.3 billion euros of debt, an unprecedented amount for a Greek company. A court granted it temp...
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Greece's pursuit of normality has only one starting point
AgoraIf you got your hands on a European Commission report that outlined issues of loss of reform momentum, resistance to public sector changes, loss of fiscal discipline, a delayed privatisation programme hampered by strong political opposition, an absence ...
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Athens details fiscal counter-measures, a vital selling point for Tsipras
EconomyProgrammeThe expansionary counter-measures designed to balance the new fiscal interventions that Greece will have to implement, initially outlined by Finance Minister Euclid Tsakalotos at a press conference after Friday’s Eurogroup, were detailed in a report pub...
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