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Greek bank capital increases: A breakdown of what has been achieved
Economywith cancellation of pre-emptive rights. A few weeks earlier, Eurobank had raised a higher amount..., 84 percent in NBG and Alpha and 95.2 percent in Eurobank by injecting an aggregate capital of 25.5... in Eurobank as it had fully covered its capital shortfall. Since the HFSF did not participate in recent
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The government decisions that could shape the future of Greek banks
Economy. HFSF currently holds: 1) a minority stake in Eurobank (35.41 percent) and 2) a majority stake... place in Eurobank on February 1, when Nick Karamouzis was named new non-executive chairman... was perceived as market-friendly by the investment community since Karamouzis has served as Eurobank
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Car sales up by 20.8 pct in August but rise continues to slow
EconomyMacroeconomyThe rate of increase in the number of road motor vehicles going into circulation for the first time... monthly reading. In absolute figures, the number of road motor cars in August stood at 5,862, which... figure for the 8-month period showed road motor cars soared 27.5 percent to 68,888
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Improving car sales in Greece continue with 27.9 pct rise in May
EconomyMacroeconomyΤhe number of road motor vehicles (going into circulation for the first time) continued posting... figures showed the number of road motor cars stood at 13,000 in May, which is the highest reading over the past 4.5 years (since January 2011). The bulk (more than 85 percent) of road motor cars stem
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After Q3 results, what next for Greek banks?
Agoraof voluntary retirement schemes (Eurobank and Piraeus) and cost synergies from recent acquisitions...) ranged from a low of 49 percent for Eurobank and Piraeus to a high of 55 percent for National... threshold), National at 9.4 percent (moderate capital buffer of 200 million) and Eurobank at the low
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What do EBA tests reveal, or fail to highlight, about Greek banks?
EconomyGreek banks (Alpha, Eurobank, National and Piraeus) that participated in the EU-wide exercise... (according to CRD3 rules) at 14.4 percent (from 13.9 percent in first half results), Eurobank at 12.4 percent... the material difference (4.3 percentage points) of Eurobank ratios under the two methodologies
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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... shortfalls, whilst Eurobank and National (NBG) displayed a capital shortfall of 71 and 273 million... no shortfall and Eurobank has practically no shortfall. This seems an indirection of the country report
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Greece prepares more measures to support economy after Eurogroup relaxes fiscal restrictions
EconomyProgramme’s 37-billion-euro “Corona Response Investment Initiative,” which will be directed at health care
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Turkey closes borders, Greece keeps up pressure
PoliticsForeign Policyissues the Ministers also talked about ways to restrict the spread of corona virus. New challenges
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Newsletter 245 -27/03/2020
. In addition to the emergency quantitative easing programme launched by the European Central Bank, a “corona
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