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ECB tests find negligible capital shortfalls at Greek banks
Economy(Eurobank) appearing to have a capital shortfall and even in that case it being less than 18 million euros. The test comprises of two main pillars for the identification of bank’s capital shortfalls. The first is an Asset Quality Review (AQR), with a capital benchmark of Common Equity Tier 1 (CET1) of 8
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Greek bank capital increases: A breakdown of what has been achieved
Economycapital increase this month, raising 2.5 billion on May 9. The transaction was reportedly two times... the announcement of capital needs by the Bank of Greece (BoG). They completed capital increases of 1.2... by international investors. The four banks conducted capital increases without the participation
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Greek banks' capital backstop and the funding gap: An uneasy relationship
Economyperiod of uncertainty regarding the bolstering of their capital base and ability to raise fresh money... a total of 3.1 billion or 14 percent of capital needs from private investors, exceeding the 10 percent... the stability of the Greek banking system through the strengthening of banks’ capital adequacy. Its scope does
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National Bank follows other Greek lenders' by opting for capital increase
EconomyBankingan Extraordinary General Meeting for May 10 to approve a capital increase of up to 2.5 billion euros. NBG... banks’ capital needs - that its capital plan “will address the capital needs without raising new equity capital”. At that time, NBG reiterated its intention to cover a large part of its capital
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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. Piraeus’s capital needs at 2.21 billion euros under the baseline scenario of the stress test
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Greek banks' capital actions underway, state aid seen as low as 4.7 bln
EconomyFollowing the submission of Greek banks’ capital actions to the Single Supervisory Mechanism (SSM... in capital mitigating actions, which reduces their capital shortfall accordingly. The actions approved... for Piraeus. We present below the current state of play with Greek banks’ capital increases. Alpha
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Eurobank gears up for crucial but contentious capital increase
EconomyBankinga share capital increase that will ensure its capital adequacy but which has many opponents due...) at Eurobank approved on April 12 a capital increase of 2.86 billion to address its 2.95 billion capital... after the bank announced in mid-November plans to initiate a capital increase of circa 2 billion
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Bank framework paves way for Eurobank capital increase, gives HFSF flexibility
EconomyBankingAlpha and Piraeus banks successfully completed at the beginning of the week their capital increases... that two of the four Greek systemic banks have more than covered their capital needs recently determined... in the sector. On top of that, both have enough capital to proceed to the repayment
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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. The capital shortfall resulted from a comprehensive assessment conducted...) and a stress test under a baseline and an adverse scenario. Eurobank’s capital needs were the lowest among
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The year that Greece (nearly) saw it all
Agorain banks being closed for five weeks and capital controls being imposed for the foreseeable future. A weak... unjust country in EU, study finds Nov 2
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