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Eurobank to merge with Grivalia Properties and create SPV to cut bad loans
EconomyBankingpercent of Eurobank. The merger will create the best capitalised bank in Greece, with total capital ratio... that is expected to increase the bank’s capital value by 1 billion euros. The deal will take the form... to cause capital requirements of between 1.1 to 1.2 billion euros due to the difference between the book
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GDP falls by 1.6 pct QoQ in Q1 and by 0.9 pct YoY
EconomyMacroeconomyof the total figure in Q1, with private consumption representing around 77.3 percent of all final... fixed capital formation declining by 8.4 percent QoQ, while gross capital formation rose by 3... showed that GDP movement was driven largely driven by gross capital formation dropping by 5.1
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GDP falls by 14 pct QoQ in Q2 and by 15.2 pct YoY to reach historic low
EconomyMacroeconomyconsumption represents the majority of GDP, making up around 94 percent of the total figure in Q2... a contraction. The GDP movement in Q2 was largely driven by gross fixed capital formation declining by 2 percent QoQ, while gross capital formation also fell by 4.5 percent compared to Q1. Imports
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GDP grows by 2.3 pct QoQ in Q3 and drops by 11.7 pct YoY as services exports crash
EconomyMacroeconomyconsumption represents the majority of GDP, making up around 92 percent of the total figure in Q2... percent. Gross fixed capital expenditure dropped by 0.4 percent QoQ while gross capital formation.... Imports of goods and services rose by 6.4 percent YoY. Gross fixed capital formation fell by 0.3
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Moody's upgrades Greek banks to stable, sees NPLs peaking at 37 pct this year
Economyprofitability in 2015. That said Greek banks have reduced their Eurosystem funding to 19 percent of total... and regained access to the interbank market and international capital banks are seen by Moody’s...) will progressively increase. Moody’s "central" stress test scenario points to capital needs of 7.5
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21,717,120,000
Agora21,717,120,000 – This, as we have just discovered, is the total amount of money that has left... of the European Stability Mechanism’s (ESM) paid in capital, which was announced on May 1 as the fund reached its full capital amount following the transfer of five installments since the end of 2012. The cost
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If it's debt restructuring you're looking for, Regling's not your man
Agoraof different maturities. The EFSF has a total of over 199 billion euros under its funding programme.... In contrast the ESM is an intergovernmental organization with subscribed capital of 700 billion euros, actual paid in capital of 80 billion euros and a current lending capacity of 500 billion euros
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Greek stocks up by 1.3 pct this week on banks’ 12.4 pct rebound
Economyannounced on Thursday a bond swap offer for a total consideration of 593-million-euor senior unsecured... 2.7 percent, led by a sharp rise of bank shares by 13.9 percent amid rumors that capital needs would... reopened after the imposition of capital controls, it has recorded losses of 14 percent. Banks
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BoG reveals figures for repatriation and banknotes returning to banking system
EconomyBankingto the 11-month period of 2016 bringing the total amount at 7.9 billion over this 17-month period. Unlike... on the evolution of Greek banks’ deposits since the imposition of capital controls at the end of June 2015... reflects the significant capital flight evident in the first half of 2015, when the monthly capital
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Mandatory e-payments come into force as Greece seeks to boost card use further
EconomyFeaturespayment system, or who pay the fine within 30 days, will be subject to a fine of half the total... with most customers preferring cash. The advent of capital controls two years ago began to change... in ample will avoid the fine. Capital controls Greece has long been a nation of cash lovers, much
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