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Newsletter 401 - 10/11/2023
from 46 pct for Alpha Bank, close to 60 pct for Piraeus and 55 pct for Eurobank. The latest set of results built on the positive momentum in the sector, which started a few weeks ago with Eurobank’s... lenders continue to be expansive in their business plans in the region after Eurobank grew its stake
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Greek credit contracts by 4 pct in Jan, NPLs rise to 31.2 pct in Sept
EconomyMacroeconomyThe year on year (yoy) credit contraction in the Greek market marginally accelerated for the second straight month to 4 percent in January from 3.9 percent in December, with balances reaching 217.61 billion euros, according to the Bank of Greece (BoG). ...
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Industrial production up 1.1 pct in Jan, first consecutive rise since Aug 2007
EconomyMacroeconomyThe Greek Industrial Production Index (IPI) showed an increase of 1.1 percent for the second straight month in January, following a 0.5 percent rise in December, according to the Hellenic Statistical Authority (ELSTAT). It is noted that the IPI had retr...
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Drop in Greek industry's turnover index slowed to 4.1 pct in Jan
EconomyThe drop in Turnover Index in Industry decelerated to 4.1 percent in January from a double-digit decline in the preceding three months, according to the Hellenic Statistical Authority (ELSTAT). The headline figure continued heading south for the fifth s...
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General gov't primary cash surplus for Jan-May reaches 1.22 bln as arrears drop
EconomyMacroeconomyThe Greek general government (gg) primary cash surplus amounted to 1.22 billion euros in the 5-month period from a deficit of 1.62 billion in the corresponding period last year, according to the gg bulletin released by the Ministry of Finance (MoF). Exc...
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Leaders draw battle lines as Greece heads to snap polls on Jan 25
PoliticsGreek PoliticsGreece is heading to snap elections on January 25 after Parliament failed to elect a president in the third and final vote on Monday. As expected, the coalition candidate Stavros Dimas failed to gather the 180 votes needed in the ballot. The only surpri...
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Growth in new car registrations slows to 12.8 pct in Jan
EconomyMacroeconomyAfter reaching a historic high of 69.3 percent in December, the growth rate in the number of road motor vehicles (going into circulation for the first time) slowed to 12.8 percent in January, according to the Hellenic Statistical Authority (ELSTAT). Not...
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Greek primary budget surplus halved in Jan as revenues miss target
EconomyGreece’s budget execution showed the primary surplus halving to 443 million euros in January from 835 million last year, according to the Finance Ministry (MoF) preliminary budget bulletin published on Thursday. This was the first bulletin released by t...
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Greek CPI falls 2.8 pct in Jan for second largest drop since 2001
EconomyMacroeconomyThe drop in Greek consumer price index (CPI) accelerated for the second straight month to 2.8 percent in January from 2.6 percent in December, according to the Hellenic Statistical Authority (ELSTAT). This is the second highest negative reading since 20...
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Primary budget surplus 923 mln short of target in Jan as revenues fall by 18.4 pct
EconomyGreece’s final budget execution data confirmed preliminary figures released on February 12 and showed the primary surplus halved to 443 million euros in January from 835 million last year. The primary surplus figure for January missed the target of 1.37...
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