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Piraeus Bank posts net profit of 49 mln in Q4 and 270 mln in 2019
EconomyBankingin 2019 stood at 982 million, a drop of 6 percent YoY. This trend improved the group’s recurring cost... came to 710 million, with inorganic initiatives contributing 193 million. The cost of risk as a percentage of net loans stood at 1.9 percent, with the organic cost of risk at 1.4 percent
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NBG results show net profits of 18 mln in Q4 and 484 mln in 2019
EconomyBankingwas driven by securities interest income absorbing the cost of the Tier II issuance in H2 2019... by around 1,100 employees. Loan impairments came to 107 million in Q4 with a cost of risk of 153 bps. During 2019, loan impairments amounted to 330 million with the full year cost of risk coming to 116
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Piraeus Bank posts pre-tax losses of 133 mln in 9M
EconomyBankingthis year. Excluding Covid-19 impact and cost of the voluntary exit scheme, pre-tax profits stood..., operating expenses came to 686 million euros, down by 8 percent YoY. The cost-to-income ratio stood at 47... on the back of the carve-out of the NPE servicing platform and the 2019 voluntary exit scheme. The cost
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Mitsotakis rules out another lockdown, dismisses criticism of new Covid measures
PoliticsGreek Politicsthe government of double standards and political opportunism and industry reacting to the cost... a complacent view of the pandemic, as well as the rising cost of living. Cost In his interview... against extensive support packages. The prime minister sought to address concerns about the rising cost
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Opposition cries foul on government's tax priorities
PoliticsGreek Politicspromises to the middle class with tackling steep increases in the cost of living, its policy choices... that tackling the cost of living crisis will require more decisive interventions like cutting fuel bills... for radical measures to bring down cost of living increases, which its leader Dimitris Koutsoumbas said
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Govt unveils new round of energy subsidies as fiscal space narrows significantly
PoliticsGreek Politicsas the opposition upped the pressure on ministers over the cost of living crisis, knowing that New Democracy..., which ballooned as a result of the multiple Covid relief packages since 2020, and because the cost... Minister Kyriakos Mitsotakis in the wake of the recent snowstorm, with an estimated cost of 350
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PM focuses on high prices, food supplies as snap election option fades away
PoliticsGreek PoliticsThe cost-of-living crisis remains the government’s number one priority after little progress... and sanctions on Russia could have on the cost and availability of food products in the coming... in the short-term. Snap elections The knock-on effect of the high cost of living already looks to have
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Much riding on EU approval of plan to cap energy prices
PoliticsGreek Politics– a policy that is the main weapon in New Democracy’s bid to fight back against the cost-of-living... suppliers being paid for the actual cost of energy (lignite, natural gas, hydroelectric and RES... cost of living, which is being led by energy prices. This was emphasised by the latest inflation data
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Newsletter 337 - 13/05/2022
once the cost of fixed price contracts has been deducted. Early estimates floated in the media have... as the cost of living has become the top concern for voters, according to recent opinion polls. SYRIZA’s... a millstone around the party’s neck.EconomyData pointing to protracted cost-of-living crisis is mountingAny
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Govt lines up new handouts to fight inflation as SYRIZA moves to election footing
PoliticsGreek PoliticsThe government is unfurling more voter-friendly measures in a bid to counter the impact of the cost... Pass will run for three months and will begin in July, with a fiscal cost of 300 million euros... is providing the fiscal space for the latest measures, which combined come to a cost of around half a billion
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