The Bank of Greece (BoG) has proposed transferring €69.6 million of its 2024 profits to the Greek state following a meeting of its General Council. The bank’s net income for the year was €436 million, a 19.8% decrease from the previous year. Additionally, shareholders will receive a statutory dividend of €13.3 million, with the Greek state benefiting from significant interest payments on its deposits.
Tag: Greek state
The Bank of Greece (BoG) will transfer €69.6 million in profits from the 2024 fiscal year to the Greek state, following approval from its General Council. Despite a decline in net income and a sharp drop in pre-provision profits, the bank’s net profit reached €82.9 million after releasing provisions. Additionally, the Greek state and General Government bodies benefited from increased interest on their deposits, receiving €730.4 million and €392.3 million, respectively. The final profit allocation awaits shareholder approval.
The deadline for property owners to submit their declarations to the Land Registry is fast approaching. By November 30, those who haven’t yet registered their property rights—such as ownership, usufruct, or mortgages—must complete the process or risk being blocked from conducting transactions like sales or transfers. This strict deadline applies to all real estate beneficiaries, including individuals, legal entities, and the Greek State. With no extension expected, property owners must act quickly to avoid fines and costly legal procedures.
Greece’s Hellenic Republic Asset Development Fund (HRADF) has signed a 40-year sub-concession agreement with Lamda Corfu Marina for the construction and management of a Mega Yachts Marina in Corfu. With an investment exceeding €50 million, the marina will feature 410 berths for yachts up to 140 metres, marking Greece’s largest greenfield marina project in two decades.
The Hellenic Data Protection Authority has imposed significant fines on both Member of the European Parliament (MEP) Anna-Michelle Asimakopoulou and the Greek state in the aftermath of the “email gate” scandal.
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The glory days of aviation in Greece began on April 6, 1957, when Aristotle Onassis…
Greek shipping tycoons Panagiotis and Giorgos Angelopoulos on Tuesday announced the donation of 1,000,000 euros…
As Greece commenced its fourth attempt since 1975 to make changes to the country’s Constitution,…
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The European Commission announced its approval for the Greece – Bulgaria Interconnector (IGB) gas pipeline…