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Alpha Bank posts net profits of 98 mln in Q2
EconomyBankingpercent, while NPE coverage increased to 44.4 percent. Total coverage stands at 101.3 percent. NPL... stood at 14.7 billion, unchanged from Q1 2020. The group NPL ratio stood at 30.2 percent, down from 32.7 percent a year ago. The NPL coverage ratio stood at 64 percent, while total coverage including
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Eurobank net results show profit of 176 mln in H1
EconomyBankingsecuritisation. The NPL balance came to 4.8 billion euros. The NPL ratio came to 12 percent in H1 from 25.9 percent in H1 2019 while the NPL coverage ratio came to 77.5 percent from 69.1 percent in H1. P&L NII
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Eurobank net results show loss of 1.08 bln in 9M
EconomyBankingto 62.5 percent in 9M. The NPL balance came to 4.8 billion euros. The NPL ratio came to 11.7 percent in Q3 compared to 12 percent in Q2. NPL coverage ratio came to 79.7 percent from 68.6 percent in 9M
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NBG results show net profits of 602 mln euros in 9M
EconomyBanking. The domestic non-performing loan (NPL) edged down to 7 billion euros in Q3 from 7.1 billion euros in Q2. This led the group NPL ratio to stand at 20.4 percent. The NPL coverage ratio stood at 81
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Strong tourism season confirmed by Q2 accommodation turnover
EconomyMacroeconomyThe Turnover Index in Accommodation and Food Services rose by 6.7 percent in the second quarter (Q2) after a 44.9 percent increase recorded in Q1, according to Hellenic Statistical Authority (ELSTAT). Q2 figure is the third highest reading since 2006 (w...
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Greek trade deficit shrinks by 4.4 pct in October on back of strong exports
EconomyMacroeconomyAfter a sharp rise by 34.2 percent in September, Greece’s trade deficit narrowed by 4.4 percent in October, according to the Hellenic Statistical Authority (ELSTAT). The absolute figures show that the October trade deficit stood at 1.77 billion after re...
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IMF sees contraction of 0.6 pct this year before strong rebound in 2017
EconomyThe International Monetary Fund has provided its latest macro forecasts for Greece in the World Economic Outlook (WEO) published on Tuesday. The fund expects Greece to return to growth in 2017 after contracting further this year. In particular, GDP is s...
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Despite strong rebound on Friday, Greek stocks dive 5.2 pct during week
EconomyDespite a rebound of 5.4 percent on Friday, the Greek stock market fell 5.2 percent this week amid the negative sentiment that prevailed in the global markets until Thursday largely fuelled by Brexit concerns. The European Stability Mechanism (ESM) boar...
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Wages index sees strong rebound of 4.6 pct in Q2
EconomyMacroeconomyThe seasonally adjusted (SA) Wages Index increased for the third straight quarter at a notably accelerating pace of 4.6 percent in the second quarter (Q2) of 2016 following a rise by 0.7 percent in Q1, Hellenic Statistical Authority (ELSTAT) figures dis...
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Stournaras outlines conditions for strong 2017 growth, calls for debt relief measures soon
EconomyMacroeconomySpeaking at the congress of the Association of Greek Tourism Enterprises (SETE) on Monday, the Bank of Greece (BoG) governor Yannis Stournaras repeated his belief that the domestic economic will start recovering in the second half of this year. Stournar...
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