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Piraeus Bank posts net loss of 232 mln in Q1 due to Covid-19 impact
EconomyBankingholding company listed on the Athens Stock Exchange. Capital The pro-forma CET1 ratio as of Q1 was 13.2 percent and total capital ratio at 15.2 percent. Management noted that the loss making result... for the reduction of the capital ratios. The fully loaded CET1 and total capital ratio stood at 10.8
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BoG stresses more work needed on NPE reduction, pushes bad bank idea
EconomyBankingcombined with concern over the quality of banks capital base due to high reliance on deferred tax... of banks to create new capital due to low profitability, which most likely will adversely affect the portion of deferred tax credits (DTC) on regulatory capital, currently standing at 75 pct. Bad bank
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Piraeus Bank posts pre-tax losses of 215 mln in H1
EconomyBankingimproved to 83 percent versys 85 percent a year earlier. Capital The Common Equity Tier 1 (CET1) ratio of the group in H1 came to 14 percent, while total capital stood at 16 percent. Fully loaded CET1 and the total capital ratio stood at 11.5 percent and 13.5 percent, respectively. Pro-forma
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All eyes on Piraeus as share price tumbles amid coupon payment concerns
EconomyBankingthe crisis, HFSF holds roughly 40 pct of the share capital in National Bank of Greece, 26.4 pct... led by John Paulson, repeated their proposal of a share capital increase of 800 million euros, before... capital increase would exclude the state and the holding of HFSF would be significantly diluted
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GDP rises by 4.4 pct QoQ in Q1 and falls 2.3 pct YoY
EconomyMacroeconomywas largely driven by a 19.1 percent increase in gross capital formation, and a 4 percent increase... capital formation -- or capital investment -- growing a more modest, though still impressive 3... percent), while gross capital formation dropped 19 percent. Gross fixed capital formation increased
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BoG cautiously optimistic on economy and banking sector
Economyremains one of the strongest pillars of Greece’s recovery. Profitability, liquidity, and capital.... Capital ratios also remained solid: the Common Equity Tier 1 stood at 15.8 pct and total capital at 20.4.... To bolster resilience, it raised the countercyclical capital buffer by 0.25 percentage points. BoG’s
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Debt relief or debt restructuring for Greece?
Agoraafford to wait that long. Nor can a eurozone member state be excluded from international capital... result was the implosion of the banking sector and the first-time introduction of capital controls...-offs that banks incurred. Post PSI they had negative capital on their balance sheets. In stark contrast
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On Portugal, PSI and a national salvation pact
AgoraFounded in October 2011, Tortus Capital pursues an opportunistic investment strategy across the capital structure, focusing on sovereign credit, corporate credit, equities, and special situations... returned to capital markets with a bond syndicated tap to create a specific website http
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Alpha Bank posts loss of 94.1 mln in Q1
EconomyBankingand large business sector. The bank noted that the shift of Greek large companies to the debt capital... securitisation of shipping loans, issue of covered bonds and tapping capital markets. The bank’s pro-forma (for the capital increase of 1.2 billion completed in April) Basel III Core Tier 1 (CET1) ratio
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HFSF 2013 annual report unveils accumulated losses of 15.1 bln and potential recovery value of 34.4 bln
EconomyBankingpaid-up capital of 49.7 billion. The difference of the two figures primarily stems from...: a) an increase in capital by 7.2 billion, from the last tranche of EFSF notes HFSF received at the end... by the four systemic banks in December 2012 for their capital advance. On the cost front, personnel
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