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ECB tests find negligible capital shortfalls at Greek banks
Economy. The first is an Asset Quality Review (AQR), with a capital benchmark of Common Equity Tier 1 (CET1) of 8...) in the baseline stress test and 2 billion (CET1 at 8.87 percent) in the adverse scenario, which fully offset... the net capital issuance of 1 billion (capital increase of 1.75 billion minus repayment of state
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Greek loan rates remained well above euro area average in October
EconomyMacroeconomyin October was posted in corporate loans with fixed maturity for amounts above 1 million euros where... and 1 million euros. In the other lending segments, the rate of housing loans fell below.... For consumer loans without a defined maturity (mainly credit cards) the rate marginally rose by 2 bps to 14.48
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Greek banks set for early ELA return in apparent precautionary move
Economytranslation of 1.5 – 2 billion euros on domestic deposits. Most analysts expected Greek lenders to make... would no longer be eligible for ECB funding from March 1. However, it appears that liquidity... bank bonds would not qualify for ECB funding eligibility as of March 1, 2015. This date coincides
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Central gov't cash surplus reaches 1.42 bln in 2014 after 1.19 bln deficit in Dec
EconomyMacroeconomyrevenues grew by 1 percent to 47.1 billion euros, with December revenues up 5.1 percent. MoF data.... However, both years’ figures are not fully comparable since they incorporate: 1) Payments of state arrears to the private sector of 6.16 billion euros in 2013 and 1.15 billion in 2014. 2) Greece’s
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Moody's explains why it sees SYRIZA win as credit negative
Economytakeaways from the report include: 1) New coalition government will likely challenge troika stance 2... program. Moody’s forecasts GDP growth at slightly above 1 percent in 2015, while sees significant
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Newsletter 13 - 30/01/2015
surpluses of between 1 and 1.5 percent of GDP rather than the current target of 4.5 percent. What... figures showed sight and savings recorded inflows of 1 billion each. On the flipside, there were... hit its lowest reading since February 2014. 2 When less is more The new government would be wise
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Greece and lenders with conceptual, as well as practical, gaps to bridge
PoliticsGreek Politics. These are: 1) Negotiating directly with European institutions and the International Monetary Fund 2... the relaxation of fiscal targets (Varoufakis says he is aiming for a primary surplus of 1 to 1.5 percent
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Newsletter 15 - 13/02/2015
revenues fell short of target by almost 1 billion euros. According to the Finance Ministry... to an incremental cost of 600 million for Greek banks on an annual basis, which rises near to 1... and government esimates. 2 From party to national leader Tsipras is more politically proficient than most
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Unemployment rate eases to 25.4 pct in Feb, as number of unemployed falls
EconomyMacroeconomy. The breakdown by gender showed unemployment among men slipped by 2 percentage points (pp) YoY to 22.4... end at 14.8 percent, also showing a drop by 1 pp MoM. In its spring economic forecasts released... though that the EC’s projection for 2015 points to a drop by almost 1 pp YoY.
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Eurobank posts loss of 94.4 mln in Q1 as NPLs, Eurosystem funding rise
EconomyMacroeconomy. The management also said that additional 2 billion can be collateralized. During the conference... by 2.5 billion. Gross loans rebounded by 1 billion QoQ to 52.9 billion in Q1, yet this mostly.... The bank’s phased-in Common Equity Tier I (CET1) ratio further eased by 1 pp QoQ to 14.2 percent
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