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Credit contraction remains at 0.6 pct in March, balance at 165.02 bln
EconomyMacroeconomycame to 165.02 billion euros from 169.85 billion euros in the previous month, and has remained under... market has been experiencing a contraction for the last six years, with the loan balance down
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NBG reports net profits of 131 mln in Q1, accelerating profitability
EconomyBankingbillion in Q1. The latest results mean that since the end of 2015, NPE reduction has reached 7.2 billion euros. The bank has set a target to reduce their NPE pile by 11.1 billion euros to 4.3 billion up
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Eurosystem funding rises by 84 mln in Apr, ELA eliminated
EconomyMacroeconomyfar, Eurosystem funding has declined by 2.60 billion euros, reflecting a fall of 1.66 billion euros... to Greek banks has steadily declined by 148.63 billion euros. The majority of the fall (107.24
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IMF highlights bailout shortcomings in latest admission of programme errors
EconomyProgrammeA new internal evaluation document published by the International Monetary Fund on Monday can be added to the existing material that has been released by the IMF on Greece outlining what a formidable... was eliminated in 2015. The Fund has been by some distance the most forthcoming of all institutions
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Tsipras bids to maintain unity after heavy defeat for SYRIZA
PoliticsGreek Politicsand voters. Fylis did not seem optimistic that SYRIZA could overturn the lead New Democracy has built.... The figures from Sunday’s vote suggest that New Democracy has a strong chance of clinching an outright
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SYRIZA offers compromise over judicial dispute to prevent more turmoil before polls
PoliticsGreek Politicsor decisions. SYRIZA hit back by claiming that it has a constitutional right to make... image after Sunday’s election defeat, the government has decided to try to reach consensus
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New Democracy on course for clear majority, opinion polls suggest
PoliticsGreek Politics. Mitsotakis has ruled out working with Velopoulos if he gets into Parliament and has said he would
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Eurosystem funding drops by 399 mln in May, ELA collateral falls to zero
EconomyMacroeconomyso far, Eurosystem funding has declined by 3 billion euros, reflecting a fall of 2.06 billion euros... has steadily dropped. The total fall by May 2019 came to 149.02 billion euros. The majority
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Piraeus Bank issues Tier II bond to strong demand
EconomyBankingof increasing Piraeus Bank’s total capital ratio by around 90 bps. The issue has been rated Caa3... by Goldman Sachs International and UBS Investment Bank. The coupon of the issue has been set at 9.75
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Annual report shows majority of debt in official hands on favourable terms
EconomyThe Ministry of Finance (MoF) annual debt bulletin for 2018 has outlined the government's strategy for the management of its debt across 2018. The report outlined that Greece's exit from its economic... debt showed that the total figure has risen by 30.24 billion euros year-on-year and stood at 358.95
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