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Alpha Bank's NII at 1.65 bln in 2023, rising by 41 pct
EconomyBankingmillion in 2022, up by 75 percent. Asset quality Following a very busy 2021 in terms of the balance sheet clean-up, the NPE ratio reached 6 percent in 2023, from 7.8 percent in 2022. The Group’s NPE cash coverage stood at 45 percent in 2023. P&L NII was 1.65 billion euros in 2023, up by 41 percent year
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First round of HFSF's divestment from systemic banks concludes with 28 bln realised losses
EconomyBankingThe Hellenic Financial Stability Fund (HFSF), which was set up at the start of the debt crisis.... Eurobank ended up with the ownership of the healthy part of the Hellenic Post Bank, and took ownership of Proton Bank, which also had received 550 million euros to tidy up its balance sheet. The healthy part
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Bravo, Bank of Greece
Agoraconfidence in the authorities’ efforts on behalf of Greece. The public needs good data to make up... for optimism bias; authorities always want to talk things up, which presents risk that the public often does... that it influences politics, and trust in government. Setting up expectations that you may underperform
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Vehicle sales rise by 17.3 pct in Feb, led by passenger cars
EconomyMacroeconomy. The remainder was made up of lorries (2,319) up by 7.6 percent and buses (71) down by 31.7 percent..., road motor cars have risen by 11.4 percent annually. Passenger cars were up by 13.8 percent
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Government turns attention to migration, hoping to avoid another front before EP vote
PoliticsGreek Politics. The migrants are mostly Egyptian in nationality, so Mitsotakis is hoping to take the issue up... Greek Solution has been edging up in the opinion polls over the last few weeks. Opinion poll As he... up to 6.5 pct. No other party registered more than 3 pct in the GPO survey. The poll also
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Government tries to contain fallout from breach of voters' data
PoliticsGreek Politics, arguing that the three officials have been offered up as scapegoats to prevent more questions being..., with the list ending up in the hands of an ND MEP. The opposition parties are also pointing to the fact... its way to Assimakopoulou would seriously undermine the postal vote, which Mitsotakis held up
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Investigations into voter email leak continue despite denials from government
PoliticsGreek Politicsoverseas voters in the run-up to the European Parliament elections are set to continue despite efforts... to encourage voters to sign up to vote by mail. New Democracy’s efforts to ringfence the postal voting..., resulting in over 70 percent of Greeks suspecting the government of a cover-up. From a political
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Industrial turnover returns to growth in Jan with 3.2 pct YoY rise, falls sharply MoM
EconomyMacroeconomyby 5 percent, from 4.1 percent in the previous month. Manufacturing revenue was up by 3.2 percent, with the mining and quarrying up by 10.7 percent. Manufacturing turnover decreases were recorded... in February picked up pace for the first month running and was the strongest for two years. Meanwhile
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Waning support in opinion polls generates concern for government
PoliticsGreek Politicsprojected support at 34.4 pct, up slightly from 33.9 pct. SYRIZA has enjoyed a significant rise from last month, moving up to 13.4 pct from 11.9 pct. PASOK’s support has edged down from 13.9 pct to 12.5 pct... as possible. Should PASOK end up behind SYRIZA, even when the leftists have been through so much
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Producer prices continue to slide, down by 4.3 pct YoY in Feb
EconomyMacroeconomyand manufactured food products increased by 1 percent. Goods sold to the foreign market were up by 2.1... up by 0.3 percent, durables up by 4 percent and non-durable consumer goods increased by 5.6 percent.
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