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Greek stocks edge up, with banks rising for third straight week
Economy, the restrictions on domestic investors imposed due to capital controls remain intact. The average daily... a dividend yield of 2.2 percent, on Friday. The BoD of Folli-Follie Group set the ex-date for the capital return of 0.30 euros per share on September 22. The capital return implies a yield of 1.5 percent
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S&P affirms Greek ratings at 'CCC+/C' with stable outlook
Economypercent in 2017 and 2018. The key negative risk factor relates to the imposition of capital controls... ESM programme. S&P anticipates capital controls will not be lifted until the completion of the banking system’s capital requirements seen late this year or in early 2016. Overall, the rating agency
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Greek stock market unmoved by election result, edges down 3.2 pct over week
Economypoints on the last session, extending its losses in the post-capital controls period to 15.3... indicating their capital needs would be higher than initially anticipated. Since the beginning of August... very adverse economic environment. Folli-Follie share traded ex-capital return of 0.30 euros per share
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Piraeus Q3 trading update shows significant acceleration in NPL formation
EconomyBankingbond swap offer, with the bank aiming to strengthen its capital base by up to 585 million in case all... in the aftermath of capital controls. On a positive note, the bank said the interbank repo activity... they will be announced shortly after the release of their capital needs by the Single Supervisory
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Marginal changes in loan and deposit rates in Sept
EconomyMacroeconomyin the domestic market with the four systemic banks reducing interest rates after the imposition of capital.... The roll-over of time deposits is prohibited due to the capital controls, unless the automatic... of capital controls, it was the highest in the eurozone. Overall, the weighted average rate on total new
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Coalition in rush to wrap up pending bailout issues
EconomyProgrammein a segregated account in Luxemburg. Greek banks are starting the book building process to raise capital from private investors but at least two banks are expected to seek official capital support to cover their capital shortfall under the adverse stress test scenario. New prior actions According
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Q3 GDP slips 0.9 pct QoQ on lower private consumption and investment
EconomyMacroeconomy. Investments Gross fixed capital formation dived 7 percent QoQ in Q3, yet at a slightly slower pace compared to the 8.9 percent fall in Q2, amid capital controls. The YoY drop rate markedly accelerated... 5.9 percent in Q2 largely reflecting the impact from the imposition of capital controls. The breakdown
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S&P upgrades Greece’s rating by one notch, sees compromise on pension reform by March
Economyby consumption despite two general elections, referendum, imposition of capital controls and further... banks, to eventually require capital support, it also highlights that the recent recapitalization has.... However, S&P anticipates only gradual lifting of capital controls including withdrawal limits
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Current account deficit falls to 780 mln in Dec and 7.5 mln in 2015
EconomyMacroeconomybanking system due to the capital controls. Excluding oil and ships, exports of goods rose by 4.6...’ surplus by 6.9 percent in 2015 is attributed to lower net transport receipts amid capital controls... mainly reflecting an inflow of 350 million related to Fairfax’s participation in Eurobank capital
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Newsletter 64 - 26/02/2016
are covered by the banks’ accumulated loan loss provisions. Following capital strengthening in November, Greek banks’ pro-forma Common Equity Tier 1 (CET1) and total capital adequacy ratio reached 18 percent... gave an adequate capital buffer to absorb the negative impact from increased future provisions
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