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Credit contraction accelerates to 1.5 pct in Dec, net lending flow remains subdued
EconomyMacroeconomy. The monthly flow remained subdued for the second straight month with net deductions of 28.7 million euros in December from net additions of 61.7 million in November. The modest negative flow in December reflects household and sole proprietors’ net deductions of 157 and 15 million respectively mitigated
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Credit contraction decelerates to 0.9 pct in April, net additions climb to 659 mln
EconomyMacroeconomyis the lowest rate of decline since April 2011. More importantly, the net lending flow stayed positive.... The April figure is the highest reading since June 2012, when net additions stood at 853 million. The positive flow in April is almost entirely attributed to corporate sector net additions of 763
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Piraeus Bank posts net profit of 44 mln in Q3 from continued operations
EconomyBankingPiraeus Bank’s third quarter (Q3) figures revealed net results from continued operations showing a profit of 44 million euros compared to a net profit of 20 million in Q2 2019. This marks a fifth consecutive quarter where net results have landed on a profit rather than loss. Net results overall
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Piraeus snaps up share in MIG to complete series of corporate moves
EconomyBankinga premium of 10.2 percent on MIG’s current price of 0.49 euros. Piraeus Bank has committed to convert... of 1.19 billion euros, EBITDA turned positive at 8.6 million, while net loss narrowed to 234.5... at 209 million. Net Asset Value (NAV) stood at 967 million corresponding to 1.26 euros per share
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Greek banks on cusp of improved liquidity conditions
Agoraposition and boosting their net interest income (NII) and fee income as well as enhancing... funding entailing a positive impact of 130 million euros on their net interest income (NII.... However, it would reduce the country’s risk premium with a positive impact on bond prices
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Newsletter 277 -11/12/2020
PM rebuffs Covid-19 criticism Mitsotakis defends govt stance but is forced to extend some measures until Jan After being forced to extend Covid-19 restrictions into January, Prime Minister Kyriakos Mitsotakis tried to defend this week his, and his gover...
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Credit contraction slows to 1.3 pct in March on net additions of 307 mln
EconomyMacroeconomyof decline since July 2011. The net lending flow turned positive for the first time since December, with net additions of 307 million in March from net deductions of 101 million in the previous month. The positive flow fully reflects corporate net additions of 487 million, while household lending net
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Piraeus Bank posts net profit of 14 mln in Q1 from continued operations
EconomyBankingPiraeus Bank’s first quarter (Q1) results revealed net results from continued operations showing a profit of 14 million euros compared to a net profit of 145 million in Q4 2018. The latest results reflect a fourth continuous quarter of profitability for the bank. Net results overall came
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Piraeus Bank posts net profit of 49 mln in Q4 and 270 mln in 2019
EconomyBankingPiraeus Bank’s final quarter (Q4) results showed profits of 189 million euros compared to a net profit of 49 million euros in Q3 2019. The latest results mark a sixth consecutive quarter where net results have landed in profit. For 2019, net results showed a profit of 270 million euros versus net
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Newsletter 453 - 28/02/2025
grown for left-wing populists Course for Freedom, who are in joint fifth place with SYRIZA at 7 pct... of Reason have grown to 6 pct from 4 pct. The findings are in line with the overall trend noted in recent... by over 7 points. Deposits Deposits contracted sharply in January with a net decrease of 4.79 billion
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