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Eurobank gears up for crucial but contentious capital increase
EconomyBankingneeds. The latter were identified by the Bank of Greece (BoG) under the baseline scenario following... ahead of the release of BoG stress test results. At the time Eurobank had already experiencing a capital... was below the BoG threshold of 9 percent. The four-month delay is attributed to several setbacks related
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Greek current account deficit rises to 709 mln in February
EconomyMacroeconomyto the Bank of Greece (BoG). The moderate rise by 25 million euros year on year (YoY) mainly... reflecting a 27.3 percent rise in travel spending by residents abroad. BoG data also unveiled that non... forecasts for a C/A deficit of between 1 and 2 percent of GDP. The BoG's latest estimates point
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Tourist arrivals in Greece up 18.7 pct in 2013 but lower average spending points to missed potential
Economyreceipts increased by 16.4 percent to 12.15 billion euros, according to the Bank of Greece’s (BoG) final...) targets of 17 million arrivals and 11.5 billion receipts. Apart from the headline figures, the 2013 BoG... by 7.5 percent year on year, according to the BoG. Although dropping by 3.9 percent, arrivals from UK
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C/A deficit to April narrows by 34.7 pct boosted by services
EconomyMacroeconomybillion last year, according to the Bank of Greece (BoG). The moderate increase reflects a rise... to a 3.2 percent drop in exports and a 3.5 percent increase in imports. BoG notes that the key... in the 4-month period, while imports rose by 1.2 percent. That said, BoG underlines that the key negative
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Greece sizes up task of restructuring corporate debt
EconomyThe Bank of Greece (BoG) released on Friday the findings of a recent workshop in which... billion euros is less than half the figure of 42 billion recently disclosed by BoG governor Yannis..., which would impact consultation and out-of-court solutions. According to the BoG release
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How Greek banks' capital needs could be reduced by 2.3 bln
Economyis expected to be tabled to Parliament by early September. Bank of Greece (BoG) sources told Capital.gr... could potentially recognize in its accounting DTA the remaining amount of around 2 billion. The BoG... on the recognition of DTA in Common Equity Tier 1 (CET1), set at 20 percent of CET1. A later BoG decision (Executive
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Greek current account balance turns negative in October after four month of surpluses
EconomyMacroeconomynegative in October with a deficit of 199 million euros, according to the Bank of Greece (BoG...-resident’ arrivals by 18.9 percent. BoG is due to release detailed figures on travel surplus... respectively. BoG also noted that the 6.2 percent YoY increase in the trade balance is mainly owed
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Greek banks set for early ELA return in apparent precautionary move
Economyto the Bank of Greece (BoG) for raising liquidity of 5 billion euros through the Emergency Liquidity..., the provision of ELA are incurred by the BoG. The cost of ELA funding is 150 bps over ECB main... mechanism was initially launched by the BoG in August 2011 as a last resort funding to assist Greek banks
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Newsletter 12 - 23/01/2015
have submitted requests to the central Bank of Greece (BoG) for access to Emergency Liquidity Assistance (ELA) funding. The BoG in turn requested approval from the ECB for the four banks, including... approved BoG request for two weeks, a decision it will review at the next meeting of its governing council
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Pressing economic tasks mounting up for next Greek government
EconomyProgrammeof the four systemic banks have submitted requests to the central Bank of Greece (BoG) for access to Emergency Liquidity Assistance (ELA) funding. The BoG in turn requested approval from the ECB..., the ECB reportedly approved BoG request for two weeks, a decision it will review at the next
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