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Greece in Figures 2008 - Icap

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www.f<strong>in</strong>dbiz.gr Η Ελλάδα σε Αριθµούς 2010<br />

The top 300 bus<strong>in</strong>esses, ranked by <strong>2008</strong> turnover and exclusive of banks and other f<strong>in</strong>ancial <strong>in</strong>stitutions, accounted for a<br />

hefty 54.7% of overall turnover and for 64.7% of total net <strong>in</strong>come. While their share on turnover <strong>in</strong>creased only slightly<br />

between 2007 and <strong>2008</strong>, that of pre-tax profits <strong>in</strong>creased by almost six percentage po<strong>in</strong>ts, <strong>in</strong>dicat<strong>in</strong>g that large and very<br />

large firms did much better than smaller firms.<br />

ROE <strong>in</strong> the non-bank and f<strong>in</strong>ancial services sector deteriorated sharply <strong>in</strong> <strong>2008</strong>. It dropped by five percentage po<strong>in</strong>ts, from<br />

10.6% to 5.6%. Decreases were recorded <strong>in</strong> all size groups. Medium and small sized companies recorded the highest ROE,<br />

while that of the largest companies decreased substantially. Of course, this reversal <strong>in</strong> rank<strong>in</strong>gs may prove to be only<br />

temporary and due to cyclical reasons.<br />

14<br />

12<br />

10<br />

8<br />

6<br />

4<br />

2<br />

0<br />

Return on Equity of the Corporate Sector: 2007-<strong>2008</strong><br />

Distribution by Employment Category<br />

(Exclusive of Bank<strong>in</strong>g, Insurance, and F<strong>in</strong>ance)<br />

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