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Between Scylla and Charybdis
Agorasince last Friday. The imposition of capital controls, the closure of banks and the generally restricted movement of capital. Having already established that Greece’s lenders have the upper hand... for a new package with Tsipras’s government, the capital controls will remain in place – they will actually
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For Greek banks, it's business as unusual
Agora- although domestic and external capital controls - continue, it is appropriate to take stock... citizens and businesses to return parts of that capital flight back to bank coffers. * In the meantime, non... months. * The closure of Greek banks and the introduction of capital controls have contributed
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Newsletter 36 - 24/07/2015
the key message in Tsakalotos’ statement to parliament. The capital needs of Greek banks will Until bank... of capital controls since June 29, 2) the banks’ financial results for the second quarter of 2015, 3... on July 17, the transaction is marginally capital accretive for Eurobank and capital neutral
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If it's debt restructuring you're looking for, Regling's not your man
Agora. In contrast the ESM is an intergovernmental organization with subscribed capital of 700 billion euros, actual paid in capital of 80 billion euros and a current lending capacity of 500 billion euros... thanks to its strong capital base and the backing of highly rated eurozone countries, in the event
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NBG reports net losses of 401 mln in Q3, NPL formation accelerates in Greece
EconomyBankingattributed to the bank holiday and the imposition of capital controls as well as increased fee expense... deferred tax credit (DTC) of 510 million, while the goodwill impairment did not affect capital. The key challenge for NBG in the short term is the coverage of its capital needs of 1.58 billion under
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Last round of Greek banks' recapitalisation drastically shifts shareholder structures
Economyof 5.4 billion, while NBG’s capital was also boosted by burden-sharing measures involving bail.... As a result, the Hellenic Financial Stability Fund (HFSF) share in banks’ share capital was notably diluted... respectively. In Eurobank, Fairfax and Capital hold 16.88 and 8.34 percent of the bank’s shares
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Greeks’ mutual mistrust eases, survey indicates
Societysurvey on social capital has found. In the twelve years since a similar survey was conducted, Public.... The study, entitled Social Capital in Greece, found that the levels trust were higher greater among... (47 percent) enjoy a “medium” degree of social capital, the amount deemed adequate to access
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HELEX H1 2016 results show continuing drop in profits
Economycompared to 18.5 million euros for the same period last year. After subtracting the Hellenic Capital... reduction. The average capitalization of the Greek capital market dropped by 13.9 percent compared... promote the Greek capital market, inform listed and non-listed companies about the new tools
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The story behind Attica Bank, the non-systemic lender thrust into the spotlight
EconomyBankingand 1.02 billion in the adverse scenario. Following a capital plan submitted by the bank to BoG, its capital shortfall was reduced to 748.7 million and Attica proceeded to a share capital increase... that capital increase, the bank’s phased-in Common Equity Tier 1 (CET1) ratio reached 17.64 percent
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BoG reveals figures for repatriation and banknotes returning to banking system
EconomyBankingon the evolution of Greek banks’ deposits since the imposition of capital controls at the end of June 2015... reflects the significant capital flight evident in the first half of 2015, when the monthly capital... was the provision of the legal framework of capital controls that allowed repatriated funds to be transferred
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