BANK OF GREECE Balance Sheet and Profit and Loss Account for financial year 2022

Balance Sheet and Profit and Loss Account for financial year 2022 At its meeting on 2 March 2023, the General Council of the Bank of Greece approved the Bank’s audited Annual Accounts for the financial year ended 31 December 2022. 

The Bank’s net income of financial year 2022 amounted to €938.7 million, compared with €1,011.0 million in the previous year, having decreased by 7.2%, while total expenses before provisions amounted to €349.3 million, from €361.4 million in 2021, having decreased by 3.3%. 

The Bank’s profit before provisions in 2022 amounted to €589.4 million, from €649.6 million in the previous year, having decreased by €60.2 million. Net profit amounted to €456.8 million, following an increase in provisions by €132.6 million. 

The General Council of the Bank of Greece, in accordance with Article 71 of the Bank’s Statute, decided to propose to the General Meeting of Shareholders: the distribution of the statutory dividend to shareholders, in the amount of €0.6720 per share (unchanged from the previous year), totalling €13.3 million; an increase in the extraordinary reserve by €42.7 million; and the transfer of €400.7 million to the Government. 

 Income - Net interest income, income from financial operations and the pooling and redistribution of the Eurosystem’s monetary income amounted to €784.8 million, from €855.9 million in 2021, having decreased by 8.3%. - Net income from fees and commissions increased by 1.6% to €130.3 million, from €128.2 million in 2021. - Income from equity shares and participating interests amounted to €4.0 million, from €10.8 million in 2021, having decreased by 63.0%. - Finally, other income amounted to €19.6 million, up by 21.7% from €16.1 million in 2021. 21 El. Venizelos Str., GR 102 50 Athens, Greece. Tel: +30 210 320 3446-8 press@bankofgreece.gr | www.bankofgreece.gr 2 | 

 Expenses Total expenses before provisions, i.e. staff costs and pension benefit expenses, other administrative expenses and depreciation costs, amounted to €349.3 million, from €361.4 million in 2021, having decreased by €12.1 million. 

This change was mainly due to a decline in staff costs and pension benefit expenses, as a result of the actuarial remeasurement of the net defined benefit obligation in respect of the pension plan of the Bank, which fully covers the cost of pension benefits for its staff. 

The Bank’s assets as at 31 December 2022 stood at €238.5 billion, up by €0.9 billion compared to the previous year. The total amount of accumulated provisions stood at €4,465.8 million, compared with €4,838.1 million in 2021.

QUEST HOLDINGS purchase of 6.000 Quest Holdings S.A. shares

Quest Holdings S.A. informs the investors that, according to article 49 of the Law 4548/2018 and in compliance with the terms of the Regulation no.2273/2003 of the Commission of the European Communities, as well as by virtue of the Decision of the Regular General Assembly of its Shareholders dated 15/06/2022 and the Decision of the Board of Directors dated 03/01/2023, proceeded on March 2, 2023 through the member of the A.S.E. “Eurobank Equities”, with the purchase of 6.000 Quest Holdings S.A. shares at an average price of 5,13 euro per share and with a total transaction value of 30.774,82 euro.

Following this, the Company holds 752.766 own shares, or 0,7021% of the total outstanding shares.

When is the right time to sell stocks

Investing in the stock market can be a great way to grow your wealth over time. However, knowing when to sell your stocks can be just as important as knowing when to buy them. The decision to sell can be influenced by a variety of factors, including market conditions, company performance, and personal financial goals.

Here are some key factors to consider when deciding whether it's time to sell your stocks:

Changes in Company Performance

One of the most important factors to consider when deciding whether to sell a stock is changes in the company's performance. If the company is struggling to meet its financial goals, experiencing declining revenue or profits, or facing other major challenges, it may be a sign that it's time to sell. Similarly, if the company is going through major changes, such as a merger or acquisition, it may be a good idea to reevaluate your position.

Market Conditions

Another important factor to consider is overall market conditions. If the market is experiencing a downturn, it may be a good time to sell your stocks to minimize your losses. On the other hand, if the market is on an upswing, you may want to hold on to your stocks to take advantage of potential gains. Keep in mind, however, that it can be difficult to predict market movements, so it's important to have a long-term investment strategy in place.

Your Investment Goals

Your personal financial goals should also play a role in deciding when to sell your stocks. For example, if you need to free up cash for a major purchase or to pay off debt, selling your stocks may be a good option. Similarly, if you're nearing retirement and want to minimize risk, it may be a good time to start selling some of your more volatile stocks.

Diversification

Another factor to consider is the overall diversification of your portfolio. If you have too much of your money invested in a single stock or sector, you may want to sell some of your shares to spread out your risk. By diversifying your portfolio, you can minimize the impact of any one stock or sector on your overall investment performance.

Valuation

Finally, it's important to consider the current valuation of your stocks. If a stock has significantly outperformed its peers or its historical valuation, it may be time to take some profits and sell some shares. Similarly, if a stock is trading at a significant premium to its peers or its historical valuation, it may be time to sell.

In conclusion, deciding when to sell your stocks is an important part of managing your investments. By considering factors such as changes in company performance, market conditions, your investment goals, diversification, and valuation, you can make informed decisions about when to sell and when to hold on to your stocks. Remember, investing in the stock market involves risk, so it's important to have a long-term investment strategy and to seek the advice of a financial professional if you're uncertain about your investment decisions.

Eurostat: Inflation in Greece fell to 6.5% in February - To 8.5% in the Eurozone

 Eurostat: Inflation in Greece fell to 6.5% in February - To 8.5% in the Eurozone

The technology revolution ChatGPT is here

The man who brought the revolution with computers 50 years ago and founder of Microsoft hastened to calm the anxieties of employees, stressing that ChatGPT is not yet a danger to our "bread" but OpenAI's chatbot will change the world.

"Until now, artificial intelligence could read and write, but it couldn't understand the content," the billionaire emphasized in a podcast to Germany's Handelsblatt. “ChatGPT,” he pointed out, “has shown us what artificial intelligence is capable of and its impact on the workplace will be extremely positive.

He even added that while AI still makes big mistakes, it could make office work easier by improving worker efficiency and productivity. “We have a tool that can make work even more efficient - from going through invoices to writing letters. Reading and writing are now within the capabilities of A.I. (Artificial intelligence ss: Artificial Intelligence) and this will have a very broad and constructive impact", he estimated.

"Think of the time doctors spend with the bureaucratic issues that we should be able to get rid of," he said, but admitted that he was "biased" in favor of A.I. At the same time, he predicted that A.I. will continue to cause "trembles" in workplaces especially since technology will rapidly evolve over time. "The progress in the next two years will be even greater," he found.

Τarget price above 30 euros gives a new report by Wood for Mytilineos.

Τarget price above 30 euros and specifically at 32.2 from 26 euros previously, with an upside of 30%, gives a new report by Wood for Mytilineos.

The key behind this increase in price - target of the analyst from Wood, is the even better entrenchment of the market for the new level of profitability of Mytilineos from now on. In a relatively conservative approach, as he characterizes it, he foresees a steady increase in the company's profitability in the following years, which for 2023 is placed at €921 million and for 2024 and thereafter steadily above €1 billion.

Due to the maintenance of consistently high profitability from now on, Wood predicts that Mytilineos can invest €600-700 million each year, and thus based on the company's investment returns, it can grow steadily its profitability by €100 million. the year without affecting its financial leverage. Which is estimated by Wood to be kept particularly low and healthy relative to the competition.

A few words about Jumbo stock

Jumbo (BELA.AT)

Jumbo S.A. is a Greek toy retailer that was founded in 1986. The company is known for its wide selection of toys, games, and children's products, as well as its iconic Jumbo stores. Jumbo has become a household name in Greece and is one of the country's most popular retailers.

In recent years, Jumbo has expanded its operations beyond Greece, opening stores in other European countries such as Bulgaria, Cyprus, and Romania. The company's success has been attributed to its focus on offering high-quality products at affordable prices, as well as its strong brand recognition and loyal customer base.

Jumbo is a publicly traded company, with shares listed on the Athens Stock Exchange. The company has a strong financial track record, with consistent profitability and steady revenue growth over the years. As a result, Jumbo shares have been a popular investment choice for many Greek and international investors.

Overall, Jumbo is a well-known and successful company in Greece, with a strong brand and a loyal customer base. Its shares have been a popular investment choice for those looking to invest in the Greek stock market.

A long-term strategy, investing in stocks can yield significant returns over time

Written by Bullmarkets-Exchanges

Investing in the stock market can be a daunting prospect, especially for those who are new to the game. However, with careful consideration and a long-term strategy, investing in stocks can yield significant returns over time. In this article, we will explore the benefits of investing in stocks long term, particularly in the context of light, a renewable energy company.

Light, a company that specializes in the development and production of renewable energy solutions, has been gaining popularity in recent years. With a strong focus on sustainability, the company has been making significant strides in the renewable energy industry, with a particular emphasis on solar energy. For investors looking to invest in the future of clean energy, light is a company worth considering.

One of the main benefits of investing in stocks long term is the potential for significant returns. While short-term investments may yield quick profits, the real gains are made over time. By investing in a company like light for the long term, investors can benefit from the company's growth as it expands its operations and improves its profitability. This can lead to substantial returns on investment, particularly as the demand for renewable energy solutions continues to increase.

Another benefit of investing in stocks long term is the opportunity to benefit from compounding interest. When investors reinvest their dividends back into the company, they can benefit from the power of compounding interest. Over time, this can lead to substantial gains in the value of the investment.

In addition, investing in stocks long term allows investors to take advantage of market fluctuations. While short-term investors may panic and sell their stocks during market downturns, long-term investors can take a more measured approach. By holding onto their stocks during market fluctuations, long-term investors can benefit from the eventual rebound of the market and the resulting increase in stock prices.

For those interested in investing in light, there are a few things to keep in mind. Firstly, it is important to research the company thoroughly and to understand its business model and financials. This can help investors make informed decisions about whether the company is a good long-term investment. Additionally, investors should consider diversifying their portfolio to minimize risk.

In conclusion, investing in stocks long term can be a smart strategy for those looking to build wealth over time. By investing in companies like light, which are at the forefront of the renewable energy industry, investors can benefit from the potential for significant returns as well as the opportunity to contribute to a more sustainable future. However, it is important to conduct thorough research and to maintain a diversified portfolio to minimize risk.

Hellenic Telec (OTEr) ATH - DIVIDENDS

Investing can be a great way to grow your wealth and secure your financial future.

Investing can be a great way to grow your wealth and secure your financial future. However, it's important to approach investing with a clear plan and understanding of the risks involved. Here are some steps you can take to invest wisely:

Set your investment goals: Before you start investing, you need to determine your financial goals. Do you want to save for retirement, pay for your child's education, or build up an emergency fund? Your investment strategy should align with your financial objectives.

Create a budget: Determine how much money you can afford to invest each month. Look at your expenses and determine where you can cut back so that you can save more for your investments.

Choose your investment strategy: Depending on your goals and risk tolerance, you can choose from a range of investment options such as stocks, bonds, mutual funds, exchange-traded funds (ETFs), real estate, and more.

Research potential investments: Once you have determined your investment strategy, research potential investments to find ones that align with your goals and fit your risk profile. Look at factors such as historical performance, fees, and management quality.

Diversify your portfolio: It's important to diversify your investments to reduce risk. Avoid putting all your money into one investment or sector.

Monitor your investments: Keep track of how your investments are performing and adjust your strategy as needed. Avoid making impulsive decisions based on short-term market movements.

Consult with a financial advisor: If you're new to investing or unsure about your investment strategy, consider consulting with a financial advisor who can provide personalized advice based on your financial situation and goals.

Remember, investing comes with risks, and there are no guarantees of returns. However, by taking a thoughtful and strategic approach, you can increase your chances of achieving your financial goals.

Bullmarkets-Exchanges