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Alpha Bank posts net profits of 53 mln in 2018
EconomyBanking. In retail, negative formations of 186 million were noted. This was split between mortgages (-131 million... loans. In 2018, the bank completed three major bad loan portfolio sales, totalling 2.2 billion euros... euros in total and consist of individual corporate loan sales and an unsecured portfolio. Overall
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Italian support over Libya buoys Athens as it looks to build broad East Med alliance
PoliticsForeign PolicyJurisdictions Memorandum that Turkey signed last November with the UN-backed government in Libya... signed by Libya and Turkey on the delimitation of the continental shelf is unacceptable, infringes... on the issue of Libya. Government spokesman Stelios Petsas confirmed on Tuesday press reports that Greece
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Piraeus Bank posts net loss of 232 mln in Q1 due to Covid-19 impact
EconomyBankingmillion euros versus 363 million euros in Q4 2019. A total of 1.5 billion in new loans were disbursed since early March, totalling 2.2 billion since the start of the year. Funding costs (i.e. interest... to late May. The liquidity coverage ratio stood at 131 percent in Q1 and the net loans to deposits
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Athens ups diplomatic effort as Turkey plans hydrocarbon research in Greek continental shelf
PoliticsForeign Policyon the memorandum signed with the UN-recognised government in Libya’s Tripoli (GNA). Athens has also asked from... that Ankara has demarcated from its shores to the point where its sea borders meet Libya, based... Ankara for the sake of either the EU-Turkey deal on migration, or developments related to Libya
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PM lines up Israel visit, discusses conflict with Erdogan
PoliticsForeign PolicyPrime Minister Kyriakos Mitsotakis is planning to visit Jerusalem and hold talks with Benjamin Netanyahu not only to express solidarity to Israel but also to act as a European mediator, according... counterpart Burak Aksapar are meeting on Tuesday. Their talks are aimed to raise open bilateral
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Athens wary of implications from Erdogan's cancelled trip to Washington
PoliticsForeign Policya conference on Jerusalem held in Istanbul today. He called Israeli Prime Minister Benjamin Netanyahu... with his counterpart, Burak Akcapar in İstanbul on April 26 for the 6th round of discussions
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Newsletter 234 -10/01/2020
with Ankara, which escalated following Turkey’s decision to sign a maritime agreement with Libya... actions in Libya, as well as the two memoranda signed between Ankara and Tripoli. However, Turkey’s... reported that Athens would ideally like the target to be reduced to 2.2 pct, but that even
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Industrial production rises at slightly faster pace of 2.2 pct in Dec
EconomyMacroeconomyThe Greek Industrial Production Index (IPI) increased by 2.2 percent in December after a downward... of the total index. In addition, mining and quarrying production edged up 0.6 percent. On the flipside... IPI rebounded 2.2 percent from the previous month, after contracting by 1 percent in November
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Retail sales rise by 2.2 pct in December, average growth of 1.7 pct in 2017
EconomyMacroeconomyGreece’s retail sales rose by 2.2 percent year-on-year in December after November’s upwardly.... December’s growth of 2.2 percent compared to December 2016 indicates a slight underperformance... estimated to reach 4.09 billion euros, from 4.03 billion in 2016. Overall in 2017, total retail
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Piraeus enters agreement for sale of 2.2 bln loan portfolio
EconomyBankingcard debt to the value of 2.2 billion euros, or 385 million in on-balance sheet gross book value... billion compared to December 2017. The total volume of NPLs was reduced by 1.1 billion QoQ. During... than the previous target by 2.2 billion. The targeted reduction in NPLs is stated as 47 percent
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