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Banking
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EconomyBanking
Positive sentiment around banks continues to grow This year’s positive story around Greek banks is gaining momentum as systemic lenders appear to be leaving behind them the troubled era of the debt crisis and the sector is recording solid profitability hinged on the ECB’s tightening of monetary policy.
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EconomyBanking
Alpha's net interest income rises to 863.7 mln, up 48.5 pct YoY Alpha Bank reported a net profit of 302.6 million euros in H1 2023, compared to a profit of 238.6 million euros in H1 2022.
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EconomyBanking Stress tests not proving stressful for Greek banks any longer The EBA announced at the end of last month the results of the EU-wide stress tests for 2023, which confirmed that the Greek banking sector has left behind the tumultuous period that followed the debt crisis when the exercise was usually a source of concern that unearthed capital shortcomings.
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EconomyBanking
NBG's NII jumps 75 pct to 1.05 bln in H1 National Bank of Greece (NBG) reported a core profit after tax of 508 million euros in H1 2023, compared to a profit of 142 million euros in 2022, a significant rise year-on-year.
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EconomyBanking
Piraeus Bank NII at 881 mln in H1 after nearly doubling YoY in Q2 Piraeus Bank posted a net profit of 300 million euros in H1 2023, with Q2 2023 profit at 120 million euros, up from 92 million in the same quarter of 2022.
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EconomyBanking
Eurobank's NII jumps by 56.2 pct in H1 to more than 1 bln Eurobank posted an adjusted net profit of 598.5 million euros in H1 2023, compared to a profit of 755 million euros last year, a drop of 20.7 percent.
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EconomyMacroeconomy
BoG sees 2.3 pct growth this year, urges reforms to restore per capita GDP to pre-crisis levels The Bank of Greece published its latest monetary policy report, which re-affirms the growth outlook for this year, the challenges that lie ahead for the new Greek government as well as an array of policy recommendations.
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EconomyBanking
NBG NII jumps 73 pct in Q1 to 497 mln National Bank of Greece (NBG) reported a profit after tax of 260 million euros in Q1 2023, compared to a profit of 360 million euros in 2022, a drop of 28 percent.
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EconomyMacroeconomy
BoG stresses need to avoid putting investment grade at risk In its latest financial stability report published on Thursday, the Bank of Greece highlights the progress achieved in domestic banking and notes the challenges that lie ahead for the sector and the Greek economy.
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EconomyBanking
Alpha Bank's normalised profit at 162 mln in Q1, NII jumps by 51 pct to 424 mln Alpha Bank reported a net profit of 111 million euros in Q1 2023, compared to a profit of 123 million euros in Q1 2022.