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Piraeus posts 7 mln net profit in Q2, NPE stock down for seventh straight quarter
EconomyBanking-default rate has returned to pre-Q1 levels and currently stands at almost 18 percent from 22-23 percent... and administrative costs by 4 and 6 percent respectively. The number of branches and employees has..., the cost of risk stood at 2.2 percent, at the high end of management expectations. Balance Sheet
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Economic sentiment at 101.9 pts in Jan, consumer confidence dips by 0.7 pts
EconomyMacroeconomyto 76.3 in August 2015 due to the prevailing uncertainty. As confidence has slowly returned, the ESI has gradually improved, especially after May 2017 and the successful conclusion of the second..., representing an improvement of 2.2 points. Construction showed a marked improvement in January, rising from
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Greek health care spending in the spotlight
EconomyFeaturesdeveloped for physicians in line with international practice, and an electronic prescription system has been... 2.6 to 2.2 percent of GDP over the same period, from the highest to the second highest in the EU... that the economy itself has shrunk drastically over the same period. While Greece topped the tables
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Strong interest as Greece issues first 52-week T-Bill in almost eight years
Economyand 26-week issues that Greece has been rolling over throughout the crisis and are mostly held by Greek... percent. The issue before that had a much milder borrowing cost of 2.2 percent. Following what... government has at its disposal (including the primary surplus, repos, cash buffer and programme
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Economic sentiment drops in March after reaching recent high, consumer confidence stable
EconomyMacroeconomy, although 1.5 points below the December 2017 reading. Over the last 12 months, ESI has improved... points to 2.2, remaining in positive territory and above the -0.4 figure it reached at the close... in February. Construction confidence has marginally improved during 2018 from the -58.3 of December 2017.
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Industrial production rises by 1.1 pct in March
EconomyMacroeconomyin the mining and quarrying production index (-10.2 percent), the water supply production index (-2.2 percent..., staying negative for a second month. In the year so far, industry confidence has declined by 1.4... almost one full year during which the reading has stayed above the 50-mark threshold
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Alpha Bank makes loss of 52.9 mln in Q2, reaching profit of 12.3 mln in H1
EconomyBankingcompared to the figure of 16.4 million in Q1. Since June 2017, NPL stock has declined by 2.3 billion... funding has declined by around 4.3 billion euros. The decline was achieved mainly by deposit inflows... billion QoQ to 37.2 billion at the end of Q2, increasing by 2.2 billion since December 2017. Deposits
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Industrial production grows by 1.9 pct in July for year's second highest rise
EconomyMacroeconomyin the electricity production index and 2.2 percent in the water supply production index. The European..., industry confidence has risen by 6.1 points. Additionally, the latest Markit Manufacturing PMI came to 53.9 points in August from 53.5 in July. The index has stayed above the 50-point mark for close
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Moody's explains cautious approach to Greek credit rating upgrade
Economyof being completely removed by early next year. The funding situation of the banks has improved... although has been lowered from ‘Very High’ previously, the sector is characterized by very weak asset... by 2 percent this year and accelerating mildly to 2.2 percent in 2019. The total fiscal balance is seen
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Eurobank to merge with Grivalia Properties and create SPV to cut bad loans
EconomyBankingOne of Greece’s four systemic banks, Eurobank, has announced shortly after releasing its third... of a share-swap transaction. The value of the deal has not yet been publicly disclosed. Grivalia is 51.4... worth around 2.2 billion, pro-forma as of the end of September 30, 2018. Eurobank CEO Fokion Karavias
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