Economy

Global IPO volumes fell 46%, with proceeds down by 58% 1H year-over-year. With global activity almost halved in YTD 2022, the Americas market recorded the biggest decline. Middle East and India were some of the rare bright spots amidst a bearish market.

The Governor of the Hellenic Development Bank, Yiannis Stournaras, asked for an upgrade of the Hellenic Development Bank's role.

The bank is preparing for a c. €100 million share capital and a friendly merger with the Cooperative Bank of Chania.