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Eurobank posts loss of 94.4 mln in Q1 as NPLs, Eurosystem funding rise
EconomyMacroeconomyand the remaining 9.1 billion to ECB funding, mostly EFSF bonds. The bank disclosed it has unencumbered.... 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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Greek banks brace for recapitalisation, with Piraeus initiating a bond swap offer
EconomyBankingbe approved. The legal framework for the recapitalisation process has not yet been clarified... and 16 million of lower Tier I (hybrid) securities. The exchange offers to bondholders two options
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Vast majority of Athens homeless ended up on streets during crisis
Societyof their home, research stemming from a Norwegian-funded antipoverty programme for the Greek capital has... into a hostel-like structure. “They reminds me of prison. I’ve did 15 years in jail and don’t want
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TV permit auction boosts Greek coffers but questions linger
PoliticsGreek Politicslinks to SYRIZA. Kalogritsas senior was the publisher of daily newspaper “I Proti” between 1986... hours of Friday. Pappas, Tsipras’s most trusted lieutenant, has overseen the process from start
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NBG sale of its 75 pct stake in Ethniki Insurance improves capital ratio by more than 100 bps
EconomyBankingsaid in a statement. “I have been looking for opportunities to invest in Greece for quite some time. We are delighted our search has culminated in such an excellent fit for our long-term strategy”, EXIN
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Some loose ends ahead of Eurogroup, questions remain over IMF's role
EconomyProgrammea press briefing on Thursday, IMF spokesman Gerry Rice underlined that no date has been set for when... on the reforms and progress on debt relief,” he said. “I wouldn't speculate on deadlock in debt
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S&P: Greek covered and securitised bonds rated investment grade for first time since 2011
EconomyBankingfor Piraeus Bank’s Class A residential mortgage-backed securitisation portfolio, Estia I, was raised from... the next two years”. Greece’s next scheduled rating is on July 20. Upgrades It has so far been a positive
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Speculation about May elections revived by SYRIZA officials' comments
PoliticsGreek Politicsbe on another date [apart from the end of the government’s four-year term], by which I mean May.” His comment... between the church and the state. There has been speculation that in the wake of the church’s negative
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Mitsotakis sworn in as prime minister as attention turns to Cabinet picks
PoliticsGreek Politicscomplex next door. “The hard work begins today,” Mitsotakis said after his swearing in ceremony. “I have.... Hatzidakis is another minister whose prior experience with his portfolio should come in useful as he has
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BoG governor renews calls for launch of bad bank and ESM use
EconomyBankingBank of Greece governor Yannis Stournaras has reiterated calls for the immediate implementation of Greece’s bad bank to deal with the reduction of NPEs. Speaking before a parliamentary committee... securitisations under the code name Cairo I and II, with a total value of 7.5 billion euros. The applications
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