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NBG posts net loss of 423 mln in Q4; profit of 38 mln in 2020
EconomyBankingNational Bank of Greece (NBG) reported a net loss of 423 million euros in the fourth quarter (Q4) of 2020, compared with a profit of 101 million euros in Q3. Only accounting for continuing operations... announced that it has entered into a definitive agreement for the sale of 90 percent of Ethniki Insurance
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Credit growth edges up to 1.1 pct in Nov
EconomyMacroeconomyreleased on Wednesday showed. The growth in credit expansion has remained broadly stable after... of 101 million euros, from outflow of 67 million euros in October. This took the balance to 5.96 billion
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Inflation and economic bounce boost tax revenues as Jan-Apr budget primary balance beats target by 1.65 bln
EconomyMacroeconomymillion euros, while non-allocated expenditure of 862 million euros has not materialised yet. Interest... for furloughs was 101 million euros and an extraordinary grant to national health provider EOPYY came to 60
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Economic sentiment sees marginal recovery in Aug as most sectors face challenging conditions
EconomyMacroeconomyGreece’s economic sentiment (ESI) reversed the recent declines, growing by a marginal 0.5 points to 101.5 in August, after declining by 3 points to 101 in July, according to European Commission.... The recovery in Greece’s consumer confidence, which began following the pandemic, has hit some serious
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Energy pushes industrial turnover growth up by 38.9 pct YoY in Jul, as index records rare monthly drop
EconomyMacroeconomyposted growth of 18.2 percent in March 2021 and has been growing ever since. In May this year... to 101.5 in August, after declining by 3 points to 101 in July.
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Budget reaches 8.63 bln primary surplus in 2024 thanks to tax outperformance and underspend
EconomyMacroeconomy1.16 billion euros from the RRF, in line with the revised target. It has allocated 3.4 billion euros from the RRF, above target by 101 million euros.
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Budget execution shows surplus of 811 mln at start of 2014
EconomyMacroeconomy1 billion euros compared to the initial estimate of 812 million incorporated in the 2014 budget... the ESA-95 methodology. Thus, the equivalent MoF projection of 812 million under EAP stands at 3.9
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Samaras finger wagging at troika a sign of pressure on Greek government
PoliticsGreek PoliticsPrime Minister Antonis Samaras took the unusual step of criticising the troika on Tuesday... demands. We are at the end of 2014 and nobody has the right to treat us like they did two-and-a-half... where he has to adopt new measures just weeks before the presidential vote takes place in Parliament
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Piraeus Bank seals milestone deal with KKR over 1.2 bln of non-core assets
EconomyBankingIn an unusual move by the standards of the Greek banking sector, Piraeus Bank has announced an agreement with leading global investment firm KKR for the transfer and securitisation of 1.2 billion... and Millennium Bank) over the past two years, Piraeus has the highest NPL ratio among its domestic peers at 39
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Tsipras gives air of resistance but leaves door ajar for agreement
PoliticsGreek Politicsraised eyebrows given that Tsipras’s other meetings were with party leaders. It is highly unusual... — MacroPolis (@MacroPolis_gr) June 16, 2015 The survey also has some useful pointers for Tsipras... (@MacroPolis_gr) June 16, 2015 Although the survey indicates Tsipras has strong backing for coming
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