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Piraeus Bank posts net profit of 94 mln in Q3 and 40 mln in 9M
EconomyBankingoperating expenses also showed a decline of 6 percent. This was attributed to the bank’s cost... at reducing administrative costs, such as reduced advertising. The cost-to-income ratio in 9M decreased... came to 461 million against 832 million for the same period last year. The cost of risk for Q3
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Alpha Bank posts net profits of 27.5 mln in Q1, ELA eliminated
EconomyBanking. The recurring cost to income ratio came to 54.7 percent in the quarter from 53.4 percent in the previous quarter. Management noted that operating cost reduction was achieved through a combination.... As a result, in Q1 2019, the cost of risk fell to 137 bps over gross loans versus an average cost
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Piraeus Bank posts net profit of 14 mln in Q1 from continued operations
EconomyBankingwholesale funding cost impact following the total elimination of Emergency Liquidity Assistance (ELA... quarter, reflecting a fall of 8 percent both on a QoQ and YoY basis. The cost-to-income ratio stood... million compared to 163 million in Q1 2018. Cost-of-risk for Q1 2019 was at 181 bps. The Cost
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Govt augments support for businesses, workers as total outlay on economic boost reaches 6.8 bln
Economyincludes the state covering the cost of up the social security contributions for up to 2.4 mln... to the finance minister, the cost of suspending tax obligations will reach 2.1 bln euros. The suspension... on the payroll as well as the self-employed contributions will cost another 1.6 bln. One-off financial
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Newsletter 246 -03/04/2020
-employed under the protective umbrella, which includes the state covering the cost of up the social.... According to the finance minister, the cost of suspending tax obligations will reach 2.1 billion... the contributions of employees on the payroll as well as the self-employed contributions will cost another 1.6
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Changes to energy subsidies aimed at winning over middle class
PoliticsGreek Politicsto disassociate his government from the cost-of-living crisis. He explained that the war in Ukraine has been... scheme for this month and June would cost 900 million euros. This will mostly be covered by money from the Energy Transition Fund. The handouts of up to 600 euros will cost 280 million euros, which
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Newsletter 400 - 03/11/2023
is evidence of how sensitive the government is to the cost-of-living issue, which it sees... are “very” worried about the cost of living, while another 23 pct are “quite” worried. Among..., according to 46 pct of respondents, followed by the cost of electricity (23 pct) Over the past
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Newsletter 408 - 19/01/2024
PoliticsSame-sex marriage dominates, cost-of-living measures adoptedEven before the details... that the public does not see marriage equality as an important issue when compared to the cost of living... it to be of no importance. The government is aware that concerns about the cost of living outstrip any other worries among
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Water shortages a growing concern as government warns bills could increase
PoliticsGreek Politicsnetworks, while major projects to meet the capital’s needs look set for delays and further cost..., will have to contribute to the cost of the projects through customer bills. The ministry’s general... to be increased to reflect the cost of the necessary works. The proposed solution would involve extending
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Mitsotakis delivers major tax-cut package as he seeks to stay course for another term
PoliticsGreek Politicscost of 1.76 billion euros in 2026. It will rise to 2.46 billion in 2027, essentially taking up that year’s fiscal space. The tax scale interventions will cost 1.2 billion in 2026 and 1.6 billion in 2027. Changes in taxation of the self-employed have a fiscal cost of 400 million euros, booked mostly
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