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Eurobank net profits from continued operations fall by 12.2 pct in 2018
EconomyBankingbillion in February 2019. As of February 2019, Emergency Liquidity Assistance (ELA) has been fully... has already attracted interest. “Based on our results and the current execution pace, we remain
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Industrial production up by 3.4 pct in Jan for third straight rise
EconomyMacroeconomyfrom -4.6 points. Year-on-year, industry confidence has deteriorated by 5.4 points. Additionally... with the improving tend that has been in place since June 2017. Output growth was the joint fastest since March
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PM seeks to douse snap election talk, points to October polls
PoliticsGreek PoliticsAmid growing speculation that Alexis Tsipras is thinking of rejecting the option of holding snap general elections in May, the prime minister has given the strongest public indication yet that he... that it has no validity since the same does not apply for candidates in local elections
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Piraeus Bank posts net profit of 185 mln in 2018
EconomyBankingin Q4. The latest quarter marks 13 straight quarters in which NPE formation has declined. The bank reported that across the last 12 months, NPE reduction has come to 5.5 billion euros, and the bank
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BoG report notes challenges to Greek economy, issues warning over high fiscal targets
EconomyThe Bank of Greece’s (BoG) annual report has outlined a number of challenges and proposals for the Greek economy, and included a downward revised forecast for growth. BoG governor, Yannis Stournaras... was the fact that the BoG has revised its growth forecast for 2019 to 1.9 percent from 2.5 percent
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Eurosystem funding falls by 1.24 bln in Jan, banknotes in circulation fall below Nov 14 figure
EconomyMacroeconomyGreek banks’ Eurosystem funding declined by 1.24 billion euros month-on-month (MoM) in January, the Bank of Greece's (BoG) final financial statement for January 2019 has revealed. As of January... of 126.57 billion in June 2015, Eurosystem funding to Greek banks has declined by roughly 116.74
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Industrial production up by 2.3 pct in Feb
EconomyMacroeconomy) data revealed on Tuesday. The index has stayed positive for four consecutive months so far, after... by 1.1 points month-on-month to stand and -2.3. Year-on-year, industry confidence has improved by 1
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IMF sees Greece on course to meet fiscal targets and reduce debt
EconomyProgrammesees compliance with the primary surplus target that Greece has agreed with its creditors. The primary.... Revenue collection On the revenue front, the Independent Agency for Public Revenue (IAPR) has
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Confrontation over graft claims moves into overdrive
PoliticsGreek Politicsto bribery and money laundering allegations linked to pharmaceutical giant Novartis. Loverdos has said that he will ask for his immunity to be lifted so that he can prove his innocence. The affair has
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Eurosystem funding falls by 625 mln in Mar, banknotes in circulation rise by 120 mln
EconomyMacroeconomyby 2.93 billion. In the year so far, Eurosystem funding has declined by 2.69 billion euros, reflecting... this peak, Eurosystem funding to Greek banks has steadily declined by 148.71 billion euros
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