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  1. Exposure to tourism sector a concern for banks despite effort to save season
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyBanking

    As Greece moves to reopen its tourism season, how the industry will respond and cope in the new global enviroment for travel has implications for Greece’s banking sector. Based on data from Bank of Greece's financial stability report, as of mid-2019 Greek banks had exposures to businesses of 122.5

    2%

  2. Travel balance falls by 53.6 pct in March
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    Greece’s travel balance fell to 31.6 million euros in March from 68.1 million a year ago, Bank of Greece (BoG) data has shown. This is equal to an decrease of 53.6 percent year-on-year (YoY). Receipts came to 92.1 million euros for the month, falling by 71 percent YoY. Travel payments also

    2%

  3. BoG governor renews calls for launch of bad bank and ESM use
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyBanking

    Bank of Greece governor Yannis Stournaras has reiterated calls for the immediate implementation of Greece’s bad bank to deal with the reduction of NPEs. Speaking before a parliamentary committee, Stournaras said that plans for the bad bank should be progressed immediately, as such solutions

    2%

  4. Govt pushes tourism message, digests EU stimulus proposal
    Photo by MacroPolis

    PoliticsGreek Politics

    and that, as such, it is in a strong position to receive tourists safely over the coming months. Greece has started to make

    2%

  5. Athens welcomes volume, form of Commission's pandemic recovery plan

    Economy

    euros, mainly in the form of grants funded via joint debt issuance,” he said. “The bar has been set

    2%

  6. Alpha Bank posts net loss of 10.9 mln in Q1
    Photo by MacroPolis

    EconomyBanking

    . The bank has booked 120 million in Covid-19 provisions above underlying loan losses with Q1 2020 CoR

    2%

  7. Eurobank net profits at 56.8 mln in Q1
    Image via www.eurobank.gr

    EconomyBanking

    on fee and commission income. The bank has also instated payment moratoria for a number of eligible

    2%

  8. Piraeus Bank posts net loss of 232 mln in Q1 due to Covid-19 impact
    Image via www.piraeusbankgroup.com

    EconomyBanking

    loans to BC Partners-owned United Group has been completed. The bank is continuing with preparations

    2%

  9. Lockdown reduced spread of Covid-19 by 80 pct, research indicates
    Photo by MacroPolis

    Society

    Greece’s early and aggressive tackling of the coronavirus pandemic in the country led to a drop in transmissions by 81 percent, a new research paper has shown. The research team includes contributions from the leading voice in the country’s response, Professor Sotiris Tsiodras. It showed

    2%

  10. April drop of 9.9 pct for industrial production largest since 2011 as virus takes toll
    Photo by MacroPolis

    EconomyMacroeconomy

    month-on-month to stand at -15.4 points. Year-on-year, industry confidence has fallen by 15.2 points

    2%