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NBG strengthens capital at deep discount, falls short of initial target
Agoraof the voluntary bond swap offer (LME). Since the LME resulted in a capital strengthening of 691 million euros... of 300 million. Alpha and Eurobank raised capital and fully covered their capital shortfall only...) approved capital actions worth 120 million euros, NBG’s capital needs were reduced to 1.46 billion
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Greece, the troika and banks' capital needs: A step-by-step guide
EconomyProgrammeas local lenders’ capital needs have shot to the top of the agenda in the current round of talks... Monetary Fund estimates Greek banks’ capital needs at 20 billion compared to 5-6 billion earlier suggested... on capital needs? On February 20, the BoG unexpectedly informed the management of the top four Greek
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Bank of Greece publishes bank stress test results, which see capital needs at 6.4 bln
EconomyMacroeconomyThe Bank of Greece (BoG) released on Thursday the much anticipated report on Greek banks’ capital... diagnostic. The capital needs of the four Greek systemic banks (Alpha, Eurobank, National and Piraeus) stand... of appropriate capital buffers. The calculation of the capital needs refers to the June 2013 – December 2016
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Greek banks may soon breathe sigh of relief on capital needs
Agoraadditional capital shortfall. During the summer, market rumours indicated that additional capital needs could.... This could trim their capital shortfall by more than 2 billion euros. Citing banking sources, Ta Nea daily indicated on Saturday, October 18 that Greek banks capital needs could reach 1.5 billion euros
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Bank of Greece decision bolsters Greek lenders’ capital ratios
EconomyMacroeconomyon their capital ratios effective in the fourth quarter of 2013. The banks’ index jumped 2.4 percent... exercise (disclosed on December 16), which provided updated capital data according to uniform..., three of the four Greek banks showed higher than reported capital ratios due to full DTA
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ECB set to provide extra liquidity to Greek banks but capital needs remain an issue
Economy-performing loans (NPLs), despite capital enhancement and progress with their restructuring plans... could reveal further capital needs, particularly if the positive effect from restructuring measures... capital gaps privately rather than tapping the Hellenic Financial Stability Fund (HFSF
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The alternative of (tax-based) capital controls for Greece
Agorawith the rest of the EZ cannot be reached soon. A more probable outcome is the imposition of capital controls with the discontinuation of ELA. These capital controls would provide ample time for the Greek... or outside the euro. More likely, capital controls could end up being long-lasting in the case of Greece
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Card transactions in Greece experience boost due to capital controls
EconomyBankingin Greece experienced notable growth in recent years. The capital controls introduced in the summer... traditionally dominated. The data showed that in the year that capital controls were introduced... of card transactions before and after the introduction of capital controls and in the years following
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Signs of recovery, improved tourism season visible in Sept budget data as revenues beat target by 943 mln
EconomyMacroeconomyThe budget primary balance up to September landed at a deficit of 5.96 billion euros, compared with a deficit of 7.01 billion in the same period last year, the preliminary Finance Ministry (MoF... for working capital for companies in the food and beverage sector was 158 million euros through the PIB
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Alpha, Eurobank raise 4.6 bln in private capital: Here's exactly what it means
Agorathe form of voluntary bond swap offer to its bondholders. Since the LME resulted in a capital.... Overall, the equity raising of 2.56 billion euros fully covered than bank’s capital needs under... the ECB’s Single Supervisory Mechanism (SSM) approved capital mitigating actions totaling 180
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