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Greek primary cash surplus reaches 1.8 bln in H1 2014
EconomyMacroeconomy. Since the beginning of the year, state arrears have posted a net increase of 591 million, of which 444... are following suit at 790 and 666 million respectively. The year to date net increase of 591 million... a net drop of 71 and 40 million year to date. The bulk of social security funds’ arrears stems from
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Eurobank reports loss in Q4 and for 2015, management expects bank to turn profitable in 2016
EconomyBankingEurobank kicked off the fourth-quarter (Q4) reporting season of Greek banks posting net loss..., the bank posted net loss of 1.18 billion euros from 1.22 billion in 2014. Pre-provision income (PPI... performance, with net interest income (NII) improving 4.3 percent QoQ to 375.3 million. The NII growth mainly
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Newsletter 194 -15/02/2018
at the same time. Speaking on Open TV, Interior Minister Alexis Haritsis insisted that possible technical...Primary residences deal secured Govt set to send proposal to institutions after finding common... The approval of the government’s plan surrounding foreclosure guidelines for primary residences is expected
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Piraeus Bank net losses at 332 mln in Q4 2014, NPLs drop under 39 pct
EconomyBankingPiraeus 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
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National Bank posts net loss of 1.1 bln in Q4
EconomyBankingNational 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
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NBG reports net losses of 401 mln in Q3, NPL formation accelerates in Greece
EconomyBankingNational 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
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ATHEX net profits down 54 percent in Q1 2016
EconomyThe 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
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Piraeus reports net loss of 37 mln in Q1, records negative NPL formation for first time since 2008
EconomyBankingPiraeus 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
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Net profit of 87 mln for NBG in Q1
EconomyBankingNational 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
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Piraeus Bank’s bottom line turns profitable with 20 mln net profits in Q2
EconomyBankingPiraeus 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
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