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Alpha Bank turns profitable in Q1 as last year's clean-up efforts pay off
EconomyBankinga very busy 2021 in terms of the balance sheet clean-up - which consisted of the Project Galaxy... and commission income increased by 30 percent in Q1, to 108 million euros. Trading income was also up to 103... The Group’s net loans amounted to 37.8 billion euros in Q1 2022, a drop from 39.4 billion in Q1 last year
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Industrial production on up again in May as manufacturing expansion triggers 3.2 pct rise
EconomyMacroeconomy-on-month (MoM), the index recorded a rise of 2.4 percent in May, after a drop of 9.1 percent MoM in April.... The monthly movement was led by electricity supply, up by 6.2 percent, while manufacturing was up
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NBG reports 652 mln profit in 9M, core PPI up 14 pct
EconomyBankingoperations in 9M 2022, compared to a profit of 732 million euros in the same quarter of 2021, a drop..., was up by 8 percent to 1.21 billion euros. Operating expenses in 9M 2022 were stable at 583 million euros, up by 2 percent YoY. Balance Sheet Group deposits amounted to 55.68 billion euros in 9M
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Sentiment edges up by 1.4 pts in Jan, consumer confidence unchanged
EconomyMacroeconomy, rising by 1.5 points from the previous month. The euro area’s ESI was 95.8 points, also up by 2.3 points from December. The recovery in Greece’s consumer confidence following the sharp pandemic drop... gains in January, up by 11.5 points to 17.5. from 10.5 points in February last year. Finally
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Industrial production drops for fourth straight month in Dec, up by 2.3 pct in 2022
EconomyMacroeconomy, the index was up by 2.3 percent in the rolling 12-month period. Month-on-month (MoM), the seasonally... supply, followed by a drop of 13.4 percent in mining and quarrying, and 2.7 percent in water supply... by water supply, up by 1 percent, mining and quarrying with 0.9 percent rise and manufacturing
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Tsipras resignation opens up debate about SYRIZA's future
PoliticsGreek PoliticsSYRIZA’s share of the vote drop from 31.5 pct in July 2019 to 17.8 pct on June 25. Although... be split up to allow a new leader to be picked at the earliest juncture, with the conference... results, opening up the possibility of a much broader political crisis.
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PM prepares to set out policy agenda, SYRIZA gears up for leadership vote
PoliticsGreek Politics, with a final 0.6 percentage point drop by the end of the year. This will take the reduction... of candidates has drawn more attention to SYRIZA’s leadership vote, which may end up benefitting the party... of the hopefuls. In fact, there is speculation that Tsakalotos is simply standing to help shore up
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Pace of credit growth picks up in Nov, at 2.8 pct, led by loans to insurance companies
EconomyMacroeconomyThe credit expansion in the Greek private sector slightly picked up pace in November, rising by 2.8 percent year-on-year (YoY), up from 2.1 percent in October, Bank of Greece (BoG) figures released... in October. The corporate lending balance’s net monthly flow was positive by 777 million euros, after a drop
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Growth in vehicle sales remains subdued in June, H1 up by 6.5 pct YoY
EconomyMacroeconomy) in June, after a drop of 0.8 percent in May, according to Hellenic Statistical Authority (ELSTAT... percent annually and used cars had a decrease of 7.4 percent. The remainder was made up of lorries (2,713... annually. Passenger cars were up by 7.5 percent, lorries decreased by 3.2 percent and buses rose
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Building activity rises by 10.5 pct YoY in Aug, up 19.5 pct in 8M
EconomyMacroeconomyrecorded in Western Macedonia with 47.6 percent. The largest drop was in Central Greece with 17.1 percent... were up by 19.5 percent YoY to 20,508. The corresponding surface area was up by 20 percent while
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