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SYRIZA, PASOK leaders prepare responses to stark choice presented by PM
PoliticsGreek PoliticsInterior Minister Stelios Petsas in a TV interview, when he suggested that Greeks will have to adapt over...As SYRIZA leader Alexis Tsipras and PASOK chief Nikos Androulakis prepare to travel to Thessaloniki to provide their responses to Prime Minister Kyriakos Mitsotakis’s speech at the trade fair
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Credit contraction accelerates to 1.5 pct in Dec, net lending flow remains subdued
EconomyMacroeconomy. The monthly flow remained subdued for the second straight month with net deductions of 28.7 million euros in December from net additions of 61.7 million in November. The modest negative flow in December reflects household and sole proprietors’ net deductions of 157 and 15 million respectively mitigated
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Credit contraction decelerates to 0.9 pct in April, net additions climb to 659 mln
EconomyMacroeconomyis the lowest rate of decline since April 2011. More importantly, the net lending flow stayed positive.... The April figure is the highest reading since June 2012, when net additions stood at 853 million. The positive flow in April is almost entirely attributed to corporate sector net additions of 763
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Piraeus Bank posts net profit of 44 mln in Q3 from continued operations
EconomyBankingPiraeus Bank’s third quarter (Q3) figures revealed net results from continued operations showing a profit of 44 million euros compared to a net profit of 20 million in Q2 2019. This marks a fifth consecutive quarter where net results have landed on a profit rather than loss. Net results overall
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Newsletter 277 -11/12/2020
PM rebuffs Covid-19 criticism Mitsotakis defends govt stance but is forced to extend some measures until Jan After being forced to extend Covid-19 restrictions into January, Prime Minister Kyriakos Mitsotakis tried to defend this week his, and his gover...
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Newsletter 279 -13/11/2020
balance decreased slightly to 147.25 billion euros. The net lending flow was positive by 230 million compared to outflows of 247 million euros in October. The corporate lending balance's net monthly flow...), rose by 2.72 billion in November. Net deposit movements in the Greek banking system were positive
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Credit contraction slows to 1.3 pct in March on net additions of 307 mln
EconomyMacroeconomyof decline since July 2011. The net lending flow turned positive for the first time since December, with net additions of 307 million in March from net deductions of 101 million in the previous month. The positive flow fully reflects corporate net additions of 487 million, while household lending net
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Piraeus Bank posts net profit of 14 mln in Q1 from continued operations
EconomyBankingPiraeus Bank’s first quarter (Q1) results revealed net results from continued operations showing a profit of 14 million euros compared to a net profit of 145 million in Q4 2018. The latest results reflect a fourth continuous quarter of profitability for the bank. Net results overall came
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Piraeus Bank posts net profit of 49 mln in Q4 and 270 mln in 2019
EconomyBankingPiraeus Bank’s final quarter (Q4) results showed profits of 189 million euros compared to a net profit of 49 million euros in Q3 2019. The latest results mark a sixth consecutive quarter where net results have landed in profit. For 2019, net results showed a profit of 270 million euros versus net
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Newsletter 35 - 17/07/2015
be lowered by SMP and ANFA income of 7.7 billion to 74 billion, which is its official estimate for the net... will continue to hover above Greece until the third bailout has been agreed. Interior Minister Nikos Voutsis... in Greece will have to prepare for a rigorous stress test by the European Central Bank (ECB
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