The “noise” of the 11 of the ND and the “departing” trend…, scandals mount, the public umbrella in the banks, what is (not) playing with Optima bank, the leader Coca Cola, Bratakos does not lose the EBEA and a transfer… – Financial Postman – 2024-09-22 02:37:04

Since there is no opposition, they have told the ruling party to make some noise.

So the question asked by the New Democracy MPs themselves about the “red loans” did not cause much of an impression.

I’m not saying they weren’t right, but somewhere else the “Devil” eventually hid.

Take a look at the “11”

I simply recommend that you take a look at the “11” who asked the question.

Perhaps you will also see a “dissonance” that may concern us in the near future.

After all, the order that has been given is to stop the grumbling within the party. At home… not in the municipality.

Nothing is ruled out…

However, this combination will also have its victims…

Of course, no one wants to be on the opposite side, which is why even if I were to bet on a change of government, for reasons purely of the man’s desire, I would look towards Piraeus.

There is a… departing, let’s say, tendency.

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Scandals intensify

Have you noticed lately that the scandals being discovered by the authorities are getting a bit thicker huh?

It is no secret, after all, that criminal behavior with public money has increased excessively. What is being discovered is the tip of the iceberg.

After the EOPYY scandal and the drug prescriptions, another 140 people are now being investigated for money laundering.

There is also a football factor in it. Not unknown to the authorities, I learn, nor to Super League 2 circles.

Not even in the circles of some listed… in the construction industry.

The authorities know him

Of course the authorities know him. Very well.

His projects and days in the catering industry had rung the “bell”.

Not only in the North where it is active, but also in Paros.

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Excellent names

I see the nominations that will be in the EBEA elections on the last weekend of November as excellent.

The value of the loser gives glory to the winner…

You can’t even call the ballot of Nikos Sofianos weak, when he has Michalis Stasinopoulos of ELVALHALCOR and Tzouli Haida of Iktinos.

Of course, Yiannis Bratakos does not lose. And everyone already recognizes that.

And this was also seen in his recent presence in Thessaloniki, where all the chamber officials – voters were present.

In other words, we will not see the derby that many believe. After all, the work at EBEA needs abilities and skills that Yiannis Bratakos possesses.

He also has the know-how to cooperate with the government.

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For the business plan…

I informed you about the administrative changes at Coca Cola 3E the day before yesterday.

But I asked to know why they happened now. So they explained to me that in the multinational groups the changes at the management level take place at this time – that is, in September or at the latest in October.

Because the next year’s business plan is submitted by the end of November each year.

And the new manager has to design it himself – to be of course responsible for it. He cannot “run” the business plan of his predecessor.

That’s how these things are….

And revaluations

Now the soft drinks market this year has gone well. Bye very well.

And the companies in the sector also made revaluations. Justified.

Because the disasters in Brazil “hit” the production of citrus fruits – it is known that the raw material for the production of, for example, the orange tree comes from there.

And raw material prices increased more than 4 times. They could not do otherwise.

And sales

However, according to the data of Circana (formerly Iri) in the eight months of January – August, the sales of soft drinks increased by 7.5%, marking the largest increase of all the main categories of the market.

But that’s not all. The increase in sales volume is also impressive. This increased by 5.8%!

But I’m told that Coca Cola 3E sales growth moved to 12% to 13%. I remind you that it is the market leader. That’s it!

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Operating in a safe environment…

Have you heard or seen the message about online transactions…the one that says you are being transferred to a “secure environment”?

This is what comes to mind when I see what has been happening in the banking industry in recent years.

Zero risk… all guaranteed by the state.

Where do I start?

What to see first? How did problem loans plummet? With a guarantee even in their upper part (the good), from the Greek State. That is, the Hercules I and II program.

Shall I say about the building upgrade programs?

Shall I say about the “My Home” programs?

And so many other business loans that carry guarantees from the Greek State, or are co-financed or anything else one can imagine.

Yes, but…

Okay, the industry paid for the country’s fiscal crisis, but at some point it has to stand on its own two feet.

At least to fulfill its role in the economy. To “run” for customers and raise the competition thermometer a bit.

And I say this with a “line” in mind from the recent Goldman Sachs analysis.

Which said that for Greek banks, the main driver of credit expansion will be corporate lending.

For households… no reason.

And from 2027, the “greening” of non-performing exposures will also “play”.

Octane said the same

Octane said about the same, that the focus of the banks will be the repurchase of serviced loans.
That is, of successfully adjusted (reperforming) loans.
New loans are difficult… if the Greek State does not guarantee them.

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Optima bank

Speaking of banks, let me also bring you news from the front of Optima Bank, the only bank to mark with zero NPLs…

The buyout program was completed, demonstrating in the most unique way, as analysts say, the vote of confidence of the shares in the bank, which will be a key pillar of the banking system.

And in relation to what has been circulating in the past few days about Optima bank’s interest in acquiring shares in another banking group as well as the rumors that wanted the opposite, what I have to tell you is that the aforementioned information is categorically denied…

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New… “gathering”

Of course, it is not the only industry that seems not to “love” competition.

And I’m talking about private education, especially at the “top” level.

Because we may see the entry of funds and large investors, but the goal is mergers and the creation of chains.

Just a few days ago, Moraitis School joined the international Inspired Education Group.

It was preceded in July by the acquisition of 89% of Kostea-Geitonas (CGS) schools by Olympus Educational SA, which is allegedly controlled by a shipowner.

In fact, since May, CGS has signed a contract with Lamda Development for the development of a new educational institution in Elliniko.
The industry is slowly “coming together”…

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Quiz

For the end I kept a quiz for strong solvers, dare I say:

Which CFO leaves a position in a large industry to move to a “hot”, due to topicality, group…?