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Eurobank net profits at 6 mln in Q2 amid increasing securitisations
EconomyBankingEurobank recorded net profits of 6 million euros in the second quarter (Q2) of 2019 compared to net.... On an aggregate basis, net profits in the first half (H1) came to 25.7 million euros, down by 27.8... and discontinued operations of 4 million. Net results before discontinued operations
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Eurobank net profits at 56.8 mln in Q1
EconomyBankingEurobank recorded net profits of 56.8 million euros in the first quarter (Q1) of 2020 compared to net profits of 32.6 million in Q4. The relevant net profit in Q1 2019 stood at 22 million euros. Adjusted net profit was reported at 59.6 million euros in Q1, and came to 95.4 million in Q4. Core pre
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Alpha Bank Q3 results reflect net profits of 43.8 mln
EconomyBankingAlpha Bank reported net profits of 43.8 million euros for the third quarter (Q3) of 2020 compared to a net profit of 97.5 million euros in Q2 2020. On an aggregate basis, net profits in the nine... the lower wholesale funding and deposit cost. The Net Interest Margin (NIM) remained stable QoQ at 2.3
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Wealth inequality in Greece has grown at faster rate than eurozone peers during crisis
SocietyThe economic crisis has increased wealth inequality in Greece at a much faster pace than in other eurozone countries, according to a recent report by Credit Suisse. According to the Global Wealth Report published earlier this month, Greece ranks as havi...
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Programme review talks continue, progress on tax, pensions and NPLs at a premium
EconomyProgrammeDiscussions between the mission chiefs and Greek authorities on pension reform and tax measures continued over the weekend but still left significant gaps on both fronts. Nevertheless, following a 2.5-hour meeting on Sunday afternoon, Finance Ministry s...
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Greece and Turkey go into new round of exploratory talks with trust at a premium
PoliticsForeign PolicyAfter months of bilateral tension over maritime borders and gas exploration rights, Turkish and Greek diplomats are scheduled to resume in Istanbul this Monday, January 25, the exploratory talks long-standing territorial disputes in the Aegean between t...
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Greek banks' equity raising could keep official support to a minimum
Economya share capital increase of 1.68 billion to avoid any state aid. HFSF is controlling 66.24 percent... is not expected to be concluded within 2015, thus the bank will seek for state aid to cover the whole amount..., revaluation of its available-for-sale (AFS) portfolio of 95 million in Q3, additional Q3 net profits
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Newsletter 53 - 27/11/2015
will have to seek state aid worth 5.7 billion in total. Despite the successful outcome of the capital... includes the common shares HFSF will receive in exchange for the state aid it will provide to the bank... of the bail-in process and b) 677 million euros (corresponding to 25 percent of the state aid
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Weak banks drag Greek stocks down by 6.5 pct during week
Economycompleted, while Piraeus also received the state aid of 2.7 billion on December 1. The Athens Stock Exchange... million. Corporate news Ellaktor posted on November 30 Q3 net losses of 35.6 million euros from profits... results with net profits at 4.5 million euros from 0.8 million a year ago. Sales rose by 43.8 percent
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Newsletter 434 - 27/09/2024
the gains in productivity. Indicatively, labour productivity in manufacturing has grown by 20.4 pct since... into this bracket.MacroeconomyCharts of the weekDeposits The net deposit movement in the Greek banking system returned... of just 102 million euros, after an outflow of 2.14 billion euros in July. Credit has grown by 6.9
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