GREECE
Markets
• Piraeus Bank’s profit after tax (normalized) in 4Q24 stood at EUR 336mn compared to EUR 326mn in 3Q24. Reported Net Profit in 4Q24 stood at EUR 184 mn compared to EUR 211 mn in 4Q23. FY24 profit was EUR 1,238mn compared to EUR 1,047mn in FY23. The Bank’s NPE ratio reduced to 2.6% VS 3.5% a year. Total Capital ratio and CET1 ratio (pro forma) stood at 19.9% and 14.7%.
Source: athexgroup.gr
• According to Bloomberg , Eurobank will proceed with the signing of a memorandum of understanding with SC Ventures, a member of Standard Chartered, marking the start of new partnership to promote innovation and growth, Greek Lender says in statement.
Source: Bloomberg
CYPRUS
Macro/Political
• The Cyprus Composite Leading Economic Index (CCLEI) recorded a y-o-y increase of 2.1% in January 2025, following the y-o-y increases of about 1.8% recorded in December and November 2024,
Source: University of Cyprus
• The Harmonized Index of Consumer Prices rose by 2,9% (y-o-y) and decreased by 1.4% (m-o-m).
Source: Cystat
