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Greek banks' equity raising could keep official support to a minimum
EconomyFollowing the disclosure of Greek banks’ capital shortfall by the ECB’s Single Supervisory Mechanism (SSM) on October 31, Greek banks submitted their capital action plans to the SSM last week to cover the emerging capital needs.
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Eurobank presents 2.12 bln equity raising plan to cover capital needs
EconomyBankingEurobank presented on Tuesday its recapitalisation plan to cover the capital needs that were announced by the ECB on Saturday.
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National Bank reveals capital plan, which includes sale of whole Finansbank stake
EconomyBankingNational Bank (NBG) revealed on Tuesday its capital plan to address the shortfall that emerged from the comprehensive assessment conducted by the ECB's Single Supervisory Mechanism (SSM).
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Cabinet act firms up details of CoCos issuance by Greek banks
EconomyThe cabinet act clarifying technical details related to the Contingent Convertible Securities (CoCos) was published in the Government Gazette on Tuesday.
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Piraeus Bank reveals mitigating actions aimed at reducing size of capital increase
EconomyBankingPiraeus Bank revealed on Monday the capital actions that it intends to submit to the ECB’s Single Supervisory Mechanism (SSM) to cover the capital shortfall that resulted from the comprehensive assessment.
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Marginal changes in loan and deposit rates in Sept
EconomyMacroeconomyAfter a sharp reduction of 62 basis points (bps) in the preceding two months, Greek households’ new time deposit rate remained broadly stable at 1.18 percent in September from 1.19 percent in August, Bank of Greece (BoG) figures showed on Monday.
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Sharp increase for Greek bank provisions in Q2 due to capital shortfall highlighted by ECB
EconomyBankingFollowing the publication of their capital needs resulting from the comprehensive assessment conducted by the ECB’s Single Supervisory Mechanism (SSM), Greek banks released on Saturday evening their second quarter (Q2) financial results.
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ECB sees Greek banks' total capital needs at 14.4 bln, recap plans to come
EconomyThe ECB’s Single Supervisory Mechanism (SSM) announced on Saturday the outcome of the comprehensive assessment of Greek banks, which consisted of an Asset Quality Review (AQR) and a stress test under a baseline and an adverse scenario.
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Eurobank makes 877 mln bond exchange offer to cover part of its capital shortfall
EconomyBankingEurobank became on Thursday the third Greek bank to announce a Liability Management Exercise (LME) involving a voluntary exchange offer for a total nominal value of 877 million euros in outstanding bank bonds.
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Alpha makes 1.09 bln bond swap offer to boost capital
EconomyBankingFollowing Piraeus Bank a few days ago, Alpha Bank announced on Wednesday a voluntary exchange of 1.09 billion euros (nominal value) outstanding bonds.