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  1. General gov't cash surplus sees large contraction in Jan-Feb, arrears edge up

    EconomyMacroeconomy

    entities. Similar to January, the state budget recorded the highest surplus at 852 million, yet

    11%
  2. Greeks express most negative sentiments about economy in global poll
    Photo by Panayotis Tzamaros/Fosphotos

    Society

    survey was conducted in March and April 2017 through face-to-face interviews with 852 respondents

    11%
  3. Travel balance increases by wide margin in June from last year's tourism collapse
    Photo by MacroPolis

    EconomyMacroeconomy

    to 790.7 million euros for the month, increasing by 852 percent year-on-year (YoY). Travel payments

    11%
  4. Piraeus Bank net losses at 332 mln in Q4 2014, NPLs drop under 39 pct
    Photo by MacroPolis

    EconomyBanking

    Piraeus Bank reported net losses of 332 million euros the fourth quarter (Q4) of 2014 from 1.56 billion in Q3, which were exceptionally high due to a sharp rise in impairment losses to 2.24 billion... trading losses. Net interest income (NII) rose 0.8 percent QoQ to 513 million euros, mainly

    11%
  5. National Bank posts net loss of 1.1 bln in Q4
    Photo by MacroPolis

    EconomyBanking

    National Bank (NBG) posted a net loss of 1.11 billion in the fourth quarter (Q4) of 2014 from profit of 30 million in Q3. The Q4 bottom-line results were burdened by one-off items of 1.09 billion... in operating income on higher trading losses and a 7 percent rise in operating expenses. Net

    11%
  6. NBG reports net losses of 401 mln in Q3, NPL formation accelerates in Greece
    Photo by MacroPolis

    EconomyBanking

    National Bank (NBG) released its third-quarter (Q3) financial results on Monday, which showed net losses eased to 401 million euros from 1.61 billion in Q2. Bottom-line results reflect almost halving... of 738 million, with the bulk (around 650 million) related to Finansbank goodwill impairment. Net

    11%
  7. ATHEX net profits down 54 percent in Q1 2016
    Photo via www.helex.com

    Economy

    The Hellenic Exchanges-Athens Stock Exchange (ATHEX) released its financial results for Q1 2016 after close of business on Monday, showing that the consolidated net after tax profits of the group... unease that caused a 57 percent drop in net consolidated profits compared to 2014. The turnover

    11%
  8. Piraeus reports net loss of 37 mln in Q1, records negative NPL formation for first time since 2008
    Photo by MacroPolis

    EconomyBanking

    Piraeus Bank posted a net loss of 37 million euros in the first quarter (Q1) of 2016 from 1.24 billion in the previous quarter, primarily burdened by exceptionally high loan provisions, and 67... (QoQ) on the back of net interest income (NII) rebound and cost containment. NII rose 3 percent QoQ

    11%
  9. Net profit of 87 mln for NBG in Q1
    Photo by MacroPolis

    EconomyBanking

    National Bank of Greece (NBG) posted net profit of 87 million euros in the first quarter (Q1) of 2016 from a loss of 2.05 billion in Q4 and 159 million a year ago. Core pre-provision income (PPI... and reduced operating expenses. In more detail, net interest income (NII) rebounded 1 percent QoQ

    11%
  10. Piraeus Bank’s bottom line turns profitable with 20 mln net profits in Q2
    Photo by MacroPolis

    EconomyBanking

    Piraeus Bank turned net losses of 37 million euros in the first quarter (Q1) of 2016 to profits of 20 million in Q2, which include a one-off trading gain of 77 million from the acquisition of Visa... by a rise in core expenses by 3 percent. Net interest income (NII) edged up by 1 percent QoQ to 484 million

    11%