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Alpha Bank posts net loss of 2.04 bln in Q2 after booking Galaxy Project securitization
EconomyBankingcapital increase that took place in July. The bank’s Total Capital Ratio stood at 17.4 percent after the share capital increase, down from 18.3 percent in Q1.
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PM presents warship, mutual defence deal with France as game changer
PoliticsGreek Politicsjets, taking the total it has ordered to 24. In his comments at the signing ceremony, Mitsotakis... for the Public Power Corporation to conduct a capital raise that will see the state’s stake reduced by 17... aware that PPC would announce a capital raise. The Capital Markets Commission is investigating
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Piraeus completes Sunrise II securitisation as banks stay focused on NPE reduction
EconomyBankingbillion euros. The loans will be derecognised from the bank’s statements in Q4 2021. The capital impact of the transaction is seen at 1 percentage point as of June 2021 total capital ratio, from... the Frontier securitisation after entering talks with a consortium of Fortress, Bain Capital
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BoG stresses need to avoid putting investment grade at risk
EconomyMacroeconomyof losses due to balance sheet clean up, and this is an internal capital generation. Sector profits came to 3.6 billion euros in 2022, from losses of 4.8 billion euros in 2021. Tier 1 capital in the banking sector in December 2022 was 14.5 pct, while the total capital ratio was 17.5 pct, both below
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Underwhelming GDP highlights investment falling short of mark
EconomyMacroeconomyalso grew by 3.7 pct thanks to a solid tourism season that favoured exports of services, to a total.... In the final budget for 2023, the Finance Ministry expected fixed capital formation to grow by 15 pct in 2023... of the RRF loans via commercial banks. In the end, fixed capital formation grew last year by just 4 pct
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Greece's ongoing divestment from banking sector creates new lender, stirs controversy
EconomyBanking, as it will have total assets of just over 7 billion euros, compared to assets that range between 73 and 79... was used by both the finance minister and the Bank of Greece governor. The deal sees a capital injection... of the latest share capital raise. The new bank will have a capital ratio of 15 pct and through its
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Megafire surges into Athens suburbs, posing major challenge for PM
PoliticsGreek Politicsof a total 556 million earmarked by authorities for the beefing up of the country’s firefighting...The megafire that broke out over the weekend north of Athens reached the capital’s suburbs... that are normal for this time of year, was that the fire reached fully built-up areas in the capital’s
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Marginal deposits outflow of 212 million euros in August
EconomyMacroeconomy, time deposits eased 0.7 percent mom to 100.1 billion accounting for 62 percent of total. The monthly.... Savings increased 0.9 percent mom to 44.4 billion (27 percent of total) with inflows of 0.39 billion... of total). Monthly flow stayed positive for the sixth consecutive month with marginal inflows of 0.05
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Deposits down for fourth month in a row as tax obligations rise
EconomyMacroeconomythe 100 billion mark for the first time since December 2012, accounting for 61 percent of total... percent mom to 44.13 billion (27 percent of total) with monthly flow turning negative at 268... increase at 2.8 percent with balances reaching 18.01 billion (11 percent of total). Monthly flow stayed
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General gov't cash surplus rises to 3.54 bln at end of Feb, more than double last year
EconomyMacroeconomypercent of total, followed by hospitals at 887 million accounting for 18 percent of total After a drop... total), followed by long-term bonds (74.52 billion – 23.4 percent of total) and T-Bills (14.98 billion – 4.7 percent of total).
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