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  1. Piraeus Bank posts net profit of 185 mln in 2018
    Image via www.piraeusbankgroup.com

    EconomyBanking

    in 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

    2%

  2. BoG report notes challenges to Greek economy, issues warning over high fiscal targets
    Photo by Panayotis Tzamaros/Fosphotos

    Economy

    The 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

    2%

  3. Eurosystem funding falls by 1.24 bln in Jan, banknotes in circulation fall below Nov 14 figure

    EconomyMacroeconomy

    Greek 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

    2%

  4. Industrial production up by 2.3 pct in Feb
    Photo by Panayotis Tzamaros/Fosphotos

    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

    2%

  5. IMF sees Greece on course to meet fiscal targets and reduce debt

    EconomyProgramme

    sees 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

    2%

  6. Confrontation over graft claims moves into overdrive
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    to 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

    2%

  7. Eurosystem funding falls by 625 mln in Mar, banknotes in circulation rise by 120 mln
    Photo by MacroPolis

    EconomyMacroeconomy

    by 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

    2%

  8. Credit contraction remains at 0.6 pct in March, balance at 165.02 bln
    Photo by Aggeliki Koronaiou/Fosphotos

    EconomyMacroeconomy

    came 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

    2%

  9. NBG reports net profits of 131 mln in Q1, accelerating profitability
    Image via www.nbg.gr

    EconomyBanking

    billion 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

    2%

  10. Eurosystem funding rises by 84 mln in Apr, ELA eliminated
    Photo by MacroPolis

    EconomyMacroeconomy

    far, 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

    2%