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  1. Piraeus Bank raises 1.38 bln in share capital increase
    Photo by MacroPolis

    EconomyBanking

    Piraeus Bank completed its 1.38 billion euros share capital increase, pricing its new shares...”. The capital increase is a central plank of Piraeus Bank’s balance sheet clean-up plan, which includes a raft... capital enhancements, including the carve-out and sale of the bank’s cards merchant acquiring

    3%

  2. A return to capital markets for Greek banks but no return to domestic lending
    Photo by Can Esenbel [www.mundanepleasures.com]

    Agora

    of foreign investors' interest for bond placements and capital-raising initiatives. First, Piraeus Bank... international capital markets in 2009. In a second move both Alpha Bank, Greece’s fourth-largest lender... capital from foreign investors this week. More specifically, Piraeus raised 1.75 billion euros of equity

    3%

  3. Bond issued for capital support of Greek banks in 2009 reaches maturity

    Economy

    of Understanding with the troika, the Greek government passed a bank liquidity and capital support bill (Law 3723/2008). This consisted of two pillars: The first related to capital enhancement of up... billion euros. The capital support for banks was implemented as a capital increase with the issue

    3%

  4. Capital controls in Greece? A response to Professor Sinn
    Photo by MacroPolis

    Agora

    While capital controls might be an appropriate intermediate solution for Greece as argued... a capital controls regime for Greece, since the cost of a funded capital controls regime is lower than Grexit. In fact, capital controls are a likely intermediate outcome as they would isolate the Greek

    3%

  5. Fitch puts Greek banks' capital needs between 11.2 and 15.9 bln
    Photo by MacroPolis

    Economy

    to be counted as core capital. Fitch examines two scenarios in its July 24 report to determine Greek banks’ capital needs, which are projected at 11.2 and 15.9 billion euros respectively under... to continue to qualify as core capital. 5) Target Common Equity Tier 1 (CET1) ratio at 12 percent

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  6. Eurobank makes 877 mln bond exchange offer to cover part of its capital shortfall
    Photo by MacroPolis

    EconomyBanking

    securities. According to the terms of the exchange offer, the part of the upcoming capital increase... would be equal to the issue price of the share capital increase. Our understanding is that the maximum capital boost for Eurobank from the LME could reach 750-780 million. The offer period is expected

    3%

  7. Capital controls to be abolished ahead of schedule
    Photos by Dennis Skley via Flickr https://flic.kr/p/qcppmH

    EconomyBanking

    with the full lifting of the capital controls that have been in place in Greece since the summer of 2015. Speaking in parliament at the start of the week, Mitsotakis said that the damaging capital controls... and banking system”. The lifting of capital controls had been indicated in New Democracy’s election campaign

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  8. Piraeus and Alpha forge ahead with share capital raises and securitisations
    Photo by MacroPolis

    EconomyBanking

    capital increase of 1.38 billion euros, following a three-day book-building process that priced the 1.2... that will proceed with a share capital increase of 800 million euros. The Extraordinary General Meeting... pct of the share capital has declared its intention to participate in the share offering

    3%

  9. Greek banks' potential capital shortfalls set to be reduced by more than 2.5 bln
    Photo by MacroPolis

    Economy

    in order for the resulting capital benefits to banks to be incorporated in the ECB-EBA stress tests. According to our initial estimate a month ago, the capital cushion would reach 2.3 billion euros... Equity Tier 1 (CET1) capital. The new legislation related to the conversion of DTA to tax credit, which

    3%

  10. Capital controls to ease further from the beginning of September
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    September 1 as part of government moves to further relax the capital controls in place since 2015... to the relevant customs authority. The measures were announced just over two years after capital controls... to gradually lift capital controls in light of improving macroeconomic conditions in Greece. In May

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