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BoG sets out positives and next steps for economy, forecasts 2.4 pct growth in 2020
Economy, which led to the capital controls being fully lifted on September 1, there is a notable increase... improved significantly compared to 2018, while capital adequacy remains satisfactory, at 15.9 percent CET1 and 16.9 percent capital adequacy ratio. Banks have managed to reduce NPEs by 10.6 billion
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Fitch raises Greece to 'BB,' two notches from investment grade, sees growth at 2.5 pct in 2020
Economyof Kyriakos Mitsotakis has made “swift progress” in reducing taxes on labour and capital and addressing... and macro environment allowed the complete lifting of capital controls in September of 2019 and deposits inflows improved the liquidity and funding profiles of the domestic lenders. The banks’ capital base
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EU's temporary framework for state aid in response to Covid-19 outbreak
Legalcover immediate working capital and investment needs. Safeguards for banks that channel State aid... are able to grant State guarantees relating to both investment and working capital loans at relatively.... This upper-limit can be very important given that the capital needs of some companies might exceed
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Newsletter 253 -05/06/2020
. The GDP movement in Q1 was largely driven by gross fixed capital formation declining by 8.4 percent QoQ, while gross capital formation rose by 3 percent compared to Q4. Imports of goods and services... by gross capital formation dropping by 5.1 percent while gross fixed capital formation dropped
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Alpha seals bad loans sale deal, lenders brace for NPE management in Covid-19 era
EconomyBankingin terms of capital and liquidity and is fully consistent with the Strategic Plan announced by Alpha Bank... into an agreement with Bain Capital Credit for the sale of a non-performing secured corporate loan portfolio code... amounts to 21 percent of the principal amount and the transaction has a neutral capital impact, NBG
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NBG results show net profits of 465 mln euros on strong income
EconomyBankingstable funding ratio exceeded 100 percent, exceeding regulatory thresholds. Capital The CET1 ratio..., as well as the benefit from the “quick fix” amendments to the Capital Requirements Regulation (CRR) due to the pandemic, with the Total Capital ratio at 16.9 percent. This provides a capital cushion
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Newsletter 262 -04/09/2020
. A breakdown of the components showed that GDP movement was driven largely by gross capital formation dropping by 9 percent while gross fixed capital formation dropped by 10.3 percent YoY. Exports of goods... was largely driven by gross fixed capital formation declining by 2 percent QoQ, while gross capital formation
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Newsletter 279 - 05/03/2021
, the government is in danger of losing the political capital it had built up from the competent handling... the bank last week announced an agreement with Davidson Kempner Capital Management over its 10.8 billion-euro Galaxy Project securitisation. That securitisation entails a capital hit of about 280 basis
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GDP falls 8.2 pct in 2020, but rises 2.7 pct QoQ in Q4
EconomyMacroeconomydecline in imports. Final consumption decreased 1.4 percent from Q3, while gross capital formation... percent), while gross capital formation dropped 19 percent. A breakdown of annual components showed... decline in final consumption. Imports decreased 6.8 percent, while gross capital formation rose 4.9
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Piraeus announces Q1 loss of 407 mln as provisions mount
EconomyBankingat the end of March, while net loans came to 37.4 billion. Capital The CET1 ratio as of Q1 was 12.1 percent, though this rises to 15.4 percent pro forma for share capital increase carried out in Q2. The total capital ratio at 14.2 percent, rising to 17.5 percent pro forma. The pro forma fully loaded
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