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ECB clears banks after stress tests, approves change to DTCs as momentum builds
EconomyBanking, for Piraeus Bank the total capital depletion was roughly 480 basis points for the stress test period... but was postponed due to the pandemic was capital depletion from credit risk, market risk and income-generation... of the year to improve their balance sheets through bad loan securitisations, or capital actions, like
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Newsletter 365 - 13/01/2023
in total capital needs of 40.54 billion euros, of which 27.5 billion related to the four core banks... the exit will take place, with a broad split between transactions taking place in the capital... the dominant shareholder in the banks’ share capital. controlling 98.56 pct of Eurobank, 84.39 pct
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HFSF sets out bank divestment strategy, marking final chapter in turbulent story
EconomyBanking(PSI) and credit loss projections for 14 Greek banks resulted in total capital needs of 40.54 billion... split between transactions taking place in the capital markets and direct sales of packages of more...’ share capital. controlling 98.56 pct of Eurobank, 84.39 pct in NBG, 83.66 pct in Alpha and 81.01 pct
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Greek gg primary cash surplus at 2.2 bln in 2014, arrears down to 3.75 bln
EconomyMacroeconomysettling at 1.77 billion making up 47 percent of total arrears. Tax refunds were the only subsector... percent of total. Hospitals’ arrears are the third key contributor with the outstanding figure at 606 million at the end of 2014 corresponding to 16 percent of total. The other three subsectors make up
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Greek central gov't debt rises to recent high of 181.1 pct at end of Q4 2014
EconomyMacroeconomystanding at 217.92 billion making up more than two-thirds (67.2 percent) of total debt. Note that total disbursements from the EU/IMF reached 226.5 billion at the end of 2014, of which 194.7 billion... to 217.9 billion. Bonds are the second key component of debt with a total amount of 66.42 billion
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General gov't primary surplus shrinks to 419 mln in January
EconomyMacroeconomymillion) with the outstanding amount at 708 million making up 19 percent of total arrears. Social... remaining by far the largest contributor (48 percent) to total arrears. Tax refunds fell MoM by 107... of total). The other subsectors showed slower changes with state budget arrears down 22 million MoM to 135
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General gov't primary surplus halves in Q1, arrears and guarantees jump
EconomyMacroeconomyand reached 2.01 billion in March making up 45 of total arrears. Hospital arrears are following suit at 903 million, the highest reading since October, corresponding to 20 percent of total. Tax refund arrears amounted to 688 million (15 percent of total), while the arrears of other three gg bodies
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General gov't cash primary surplus to May halves, arrears keep rising
EconomyMacroeconomyin May make up 44.3 percent of total. Since last December they jumped by 416 million or which 74... percent of total arrears. Despite a rise by 42 million in May, tax arrears have slightly dropped by 21 million year to date to 734 million making up 14.6 percent of total arrears. State budget arrears
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General gov't primary cash surplus shrinks in first half of 2015 as state arrears grow
EconomyMacroeconomyand 573 million YtD to 2.34 billion in June. This corresponds to around 44 percent of total arrears... to 1.11 billion making up around 21 percent of total. State budget arrears reached 601 million in the first half, accosting for more than 11 percent of total, while their YtD increase was the third
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Hotel guest numbers up 8.7 percent in 2014
Economythat in 2014 a total of 17.7 million people booked into hotels and campsites, compared to 16.3 million in the previous year. These 17.7 million guests stayed a total of 75.4 million nights, which... arrivals slipped from 34.7 to 31.9 percent, while their proportion of the total nights spent also
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