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Greek bank credit contracts by 2.5 pct in March
EconomyMacroeconomyreading since November 2011. However, the monthly flow turned negative with extended net deductions of 639 million euros from modest net additions of 74 million in February. The negative flow in March is almost equally split between household and corporate net deductions of 328 and 303 million
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Greek credit contracts by 2.4 pct in April for slowest drop since 2011
EconomyMacroeconomyOctober 2011. The monthly flow remained negative for the second straight month with net deductions easing... fell at a decelerating pace by 2 percent to 101.73 billion. Net deductions slipped to 261 million..., the year to date net flow shows net additions of 198 million. The contraction of loans to sole proprietors
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Bank credit eases 1.6 pct in August on slightly accelerating negative flow
EconomyMacroeconomy) with household lending net deductions at 267 million. The segmental breakdown displayed corporate lending rate... reading in the 8-month period with the year to date figure remaining slightly positive pointing to net.... Since the beginning of the year, net deductions in this segment reached 77 million with an overall
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Greek stocks slip 0.4 pct during week
EconomyPiraeus reported net loss of 37 million in the first quarter (Q1), while core pre-provision income (PPI) improved by 14 percent quarter on quarter (QoQ) on the back of net interest income (NII) rebound and cost containment. In contrast, NBG posted net profit of 81 million in Q1 with core PPI rising by 21
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Credit contraction decelerates to 1.9 pct in April, loan deductions drop to 117 mln
EconomyMacroeconomyfrom 2.1 percent in March, Bank of Greece (BoG) figures showed on Tuesday. Net deductions eased to 117 million in April, from 146 million in March, reflecting corporate net additions of 118 million more than offset by household net deductions of 189 million. Since the beginning of the year, the net
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Greek stocks climb 3 pct on week, banks post double-digit gains
Economyfrom 22 million in the previous week. Corporate news Alpha Bank posted net losses of 16.8 million... reported a positive bottom-line result for the second straight quarter with net profits at 46.2... this extraordinary item, the bank posted net losses of 26 million in Q2 from profits of 26 million in Q1. Core
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Credit contraction continues in July with 1.2 pct decline
EconomyMacroeconomyfurther to 189.18 billion euros. Moreover, the net lending flow showed net deductions of 435 million euros from 203 million in the previous month. The negative flow in July reflects net deductions of 163... billion euros while credit to insurance corporations had monthly net increases of 266 million to nearly 7
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Credit contraction eases to 0.9 pct in August
EconomyMacroeconomyfurther to 187.36 billion euros from 189.2 billion in July. Moreover, the net lending flow showed net deductions of 312.7 million euros from 456.1 million in the previous month. The negative flow in August comes as a result of net deductions of 150.4 and 134.1 million in the household and corporate
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Piraeus Bank posts pre-tax losses of 215 mln in H1
EconomyBanking(including the Covid-19 impairment impact of 324 million). Net profits in Q2 came to 82 million versus... million in Q2 from 187 million a year ago, an increase of 52 percent YoY. Net Interest Income (NII... coverage ratio stood at 169 percent in H1 and the net loans to deposits ratio came to 83 percent. Net
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Newsletter 271 -30/10/2020
than 200 euros per month. In Q2 2019, only 1 percent of employees had a net monthly income of 200... percent respectively. More starkly, in Q2 2020, 72.9 percent of employees earned a net monthly salary.... Primary expenditure came to 34.13 billion euros. Net revenues came to 33.50 billion euros, below
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