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Piraeus Bank posts 721 mln profit in 9M, NII up to 1.47 bln
EconomyBankingPiraeus Bank posted a net profit of 721 million euros in 9M 2023, with Q3 2023 profit at 279 million euros, from 331 million euros in 9M 2022. Normalised operating profit was 577 million euros in, with 277 million euros in Q3, from 729 million in 9M 2022. Asset quality The NPE ratio dropped to 5.5
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Chinese State Grid makes highest bid of 320 mln for 24 pct stake in ADMIE
EconomyCorporation submitted the highest binding offer of 320 million euros for the acquisition of a 24 percent stake... to participate in the second phase of the tender process, which included the submission of binding offers. The deadline for the submission of binding bids, which was initially set on October 12, after
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PPC lignite unit bids fall flat in blow to privatisations
EconomyFeatures. PPC received one binding offer for the Melitis unit in Florina from Mytilineos which was reportedly... in a binding offer for either unit after deciding that the structure of the deal and the share... Terna consortium have indicated that they would submit a binding offer based on an alternative version
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Talks to begin on plan to rescue PPC from dire financial straits
Economybe “crazy enough” to buy it. The DG Comp team arrives as the deadline looms for binding offers... in February collapsed. During the initial process, PPC received one binding offer for the Melitis unit... of the two lignite units if no binding offers are received by the renewed deadline. The discussions
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Many obstacles to clear in Greece's digital leap
EconomyFeaturesremains below 50 pct, which may be partly due to limited demand and partly due to the high cost... for operators to extend their coverage into the Middle East, which may in turn incentivise more.... However, while progress may be in sight for a key precondition of a “digital transformation
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A closer look at Greece's Q3 2023 national accounts
Agorato 2022-Q3, real GDP increased by 2.1 percent. This means that real GDP may grow by 2 percent or slightly..., or incipient weakness, there may emerge thoughts that “monetary policy is too tight,” or the government should... attention may then shift to other levers in the toolbox, rather than always thinking of credit and fiscal
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BoG awaits go-ahead from DG Comp over NPL scheme
EconomyBankingin Greece. Also during June, Eurobank announced that it had entered into a binding agreement with PIMCO’s... make up the portfolio, with 40 percent of the properties located in Athens. Non-binding bids... FPS fully. In late July, Alpha Bank launched the first round of bidding for its project Orion
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Banks remain largely profitable in Q2, with focus on NPL reductions
EconomyBanking’s various portfolios, management noted that a binding offer had been received for the sale... that it had entered into a binding agreement with Intrum for the purchase of 30 percent... in the coming months represent a mix of new auctions and re-auctions from postponed bidding due to the virus
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Newsletter 301 - 18/06/2021
showed significant improvement in May, as the economy re-opened and the vaccination programme accelerated... on budget transfers for a long period of time to withstand the effects of the pandemic and this may have... tensions. 2 Budget primary shows deficit of 8.17 bln in May Expenditure excluding interest payments
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