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Government eases capital controls further, aiming to restore depositor confidence
EconomyFollowing pledges earlier in the month, the government has now further relaxed the capital controls... on July 27. The other key measures easing capital controls are the increase from 10 to 30 percent... euros could return to Greek banks in the wake of capital controls relaxation. In its scheduled rating
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In latest review of loan quality, BoG says capital ratios to remain high after targeted NPE reduction
EconomyBanking. It concluded that Greek banks have capital buffers to withstand even more aggressive cut in their NPE... capital) stood at 126 percent, up from 124 percent at the end of 2015. Overall, Greek banks... also presented the outcome of a sensitivity analysis that examines the impact on banks’ capital
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Capital controls eased, allowing larger withdrawals and doubling limit on business transfers abroad
EconomyMacroeconomyGreece’s Finance Ministry (MoF) announced on Thursday that the capital controls introduced... of capital controls in the near-term, 79 percent did not expect to withdraw their savings once capital... announced on May 2017 a roadmap to relax capital controls and eventually lift the restrictions through
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Alpha Bank announces 800 mln share capital increase; Q1 net loss of 282.2 mln
EconomyBankingcarry out an 800 million euro share capital increase. The bank attempted to put a positive spin... -- by labelling it as “growth capital” and explicitly tying it in with the influx of Next Generation EU funds..., tourism and shipping,” Psaltis continued, adding that the “capital raise will allow Alpha Bank to grow
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Greece’s return to capital markets: Why not try a diaspora bond first?
AgoraGreece’s return to international capital markets during the course of 2014 is currently the talk... surplus, whose size appears to be changing on a weekly basis, the objective of returning to capital... capital markets. After the recent successes of Ireland, Spain and Portugal to issue sovereign debt
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Alpha makes 1.09 bln bond swap offer to boost capital
EconomyBankingcould boost its capital base by up to 586 million euros for the cash consideration or by a maximum... strengthen its capital base by a maximum of 415 million euros for the cash consideration or by up... banks to conduct such voluntary bond exchange offers to reduce the capital shortfall that will arise
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Banks reveal new capital structures, ex-bondholders sell shareholdings
EconomyFollowing the relevant approval by the Hellenic Capital Market Commission (HCMC), the four core banks published their prospectuses for the capital increases, which revealed among others, the official... the capital increase, foreign institutional investors held 23.63 percent of Alpha share capital
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Finance Ministry publishes roadmap for relaxation of capital controls
EconomyMacroeconomyThe Finance Ministry (MoF) published the roadmap for the relaxation of capital controls on Monday... noted. Capital controls were imposed at the end of June 2015 and a number of ministerial decisions... steps for further relaxation of capital controls should be implemented as soon as possible and need
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Bank stress tests find no capital needs, clearing path for MoU exit
EconomyBankingthe health of the domestic lenders and to have a complete picture about any potential capital needs... percent for Piraeus. Under the adverse scenario, the capital of Greek lenders is seen being depleted by 9 percentage points, or 15.5 billion euros in 2020. The capital depletion for Alpha is 8.56
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Most Greek businesses feel capital controls impact, 69 pct see turnover drop
Economyshowing the impact that capital controls, imposed on June 29, have had on local businesses... after the imposition of capital controls. In an effort to address the constraints in cash flow... of the surveyed firms said they estimate capital controls will remain intact for more than 3 month
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