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National Bank reveals capital plan, which includes sale of whole Finansbank stake
EconomyBankingscenario of the stress test. The bank's capital plan has three key pillars aiming to cover total... to cover total capital needs of 4.6 billion will be covered by the HFSF in the form of common shares... billion, CET1 capital 9 billion and CET1 ratio 14.5 percent. Note, though, that the bank holds a total
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Eurobank makes 877 mln bond exchange offer to cover part of its capital shortfall
EconomyBankingof November. According to Reuters, total capital needs are seen at around 14 billion, while the amount...) involving a voluntary exchange offer for a total nominal value of 877 million euros in outstanding... on October 15 for a total outstanding nominal amount of 593 million bank bonds. If all bondholders
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Capital controls to ease further from the beginning of September
EconomyMacroeconomy, or 1,680 across a total of 28 days. Additionally, from September 1, it will be possible to withdraw up to 50 percent of the total amount of funds transferred from overseas to existing accounts..., the total withdrawal amount across a full year works out 300 euros lower under the new measures compared
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How Greek banks' capital needs could be reduced by 2.3 bln
Economybillion. Note that NBG’s total DTA consideration stands at 4.5 billion euros, which means the bank... that under the current legislation a total DTA consideration of 2.3 billion euros (20 percent of the total DTA amount of 11.5 billion – equivalent to 2-year phase out) could not be recognised as CET1
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Study shows deep impact of capital controls on retail sector
Economypercent of total respectively. This means that due to the imposition of capital controls there was a significant differentiation in customers’ behaviour, with cash payments (as a percentage of total... sector reached 36 percent this year outpacing those via cash that stood at 33 percent of total.
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New Year reshuffle brings more MPs into cabinet, keeps key ministers in post
PoliticsGreek Politicsthe deputy agriculture minister. Interior Minister Takis Thedorikakos has also been left out of the new... Petsas has been appointed Alternate Interior Minister, to be replaced by Christos Tarantilis... to the right” and “a party-political balancing act”. The elevation to the Interior Ministry of Makis Voridis
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University bill threatens PASOK consensus as probes launched into alleged infractions by politicians
PoliticsGreek Politicsinvestigation in the Interior Ministry, which is the suspected source of the data leak, while on Tuesday.... The Interior Ministry has denied that it provides voters’ contact information, while the chief...’s EP elections, but also because the suspicions of a data leak emerged within days of the Interior
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Eurobank presents 2.12 bln equity raising plan to cover capital needs
EconomyBankingthe recently announced Liability Management Exercise (LME) with a voluntary exchange offer to a total... private investors control a total stake of 34.5 percent. Fairfax is the largest single shareholder...Eurobank presented on Tuesday its recapitalisation plan to cover the capital needs that were
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Bank of Greece publishes bank stress test results, which see capital needs at 6.4 bln
EconomyMacroeconomyat 5.815 billion euros. The total amount for the domestic banking system, including also Attica... period and uses: The credit loss projections (CLPs) on total loans granted in Greece and abroad...The Bank of Greece (BoG) released on Thursday the much anticipated report on Greek banks’ capital
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Alpha, Eurobank raise 4.6 bln in private capital: Here's exactly what it means
Agorabillion euros. This was set as the bank’s total capital needs excluding the 83 million euros... of their bookbuilding process. Alpha said on Thursday it successfully raised a total of 2.56 billion euros from... the form of voluntary bond swap offer to its bondholders. Since the LME resulted in a capital
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