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  1. Greek banks in intensive care: What lies ahead?
    Photo by MacroPolis

    Agora

    tax asset (DTA) makes up more than half of the reported equity. Overall, DTA amounted to 15.6... billion. From the beginning of 2016 the following three conditions must be met: a bail-in not less than 8... than eligible deposits. The Euro Summit statement also indicated that a new ESM programme for Greece

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  2. Newsletter 35 - 17/07/2015

    Newsletters

    , higher than the IMF’s estimate of 1.5 billion. Moreover, assuming the implementation of the fiscal... on Tsipras to take this route rather than call snap elections. Nevertheless, even this option seems... respectively despite rising by more than 30 percent in March. April’s is fourth positive reading since

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  3. Eurobank acquires Alpha network in Bulgaria, kicking off round of consolidation abroad
    Photo by MacroPolis

    EconomyBanking

    the fourth largest bank in Bulgaria in terms of loans and deposits operating with more than 200... the past five quarters while the cash coverage ratio has improved by more than 10 percentage points... million in Q2. Its NP ratio is worse than Postbank at 26.7 percent in Q1, yet with a higher cash

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  4. ELA funding up by 9.2 bln in June, banknotes in circulation reach all-time high

    EconomyMacroeconomy

    at 135.6 billion and was posted in June 2012. The increase by more than 10 billion in June is largely... General Council for this period and reflects the extended deposits of more than 8 billion in that month... Parliament of all required commitments. The sharp rise in the ELA funding to more than 91 billion

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  5. Most Greek businesses feel capital controls impact, 69 pct see turnover drop

    Economy

    percent a decline by less than 50 percent. Just 4 percent of companies displayed a rise in their turnover... of the surveyed firms said they estimate capital controls will remain intact for more than 3 month. In particular, 44 percent see them remaining for more than 10 months and 29 percent for 4-10 months

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  6. Current account surplus at 407 mln in May - first positive balance since Sept 2014
    Photo by MacroPolis

    EconomyMacroeconomy

    . The improved services’ surplus by more than 10 percent is primarily led by higher travel surplus... million and a widening of the secondary income deficit by 239 million more than offsetting a narrowing.... The significant decrease in the primary income surplus by more than 87 percent to 112 million

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  7. What the latest set of prior actions mean for home foreclosures

    Economy

    price of foreclosures’ auctions will be much lower than before (around 30 percent on average... limited at the moment and mainly involve large buildings rather than homes. Government sources said... euros and property value up to 200,000 euros, which are stricter than those proposed by the current

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  8. Economic sentiment fell to 81.3 in July for the sharpest historical monthly drop

    EconomyMacroeconomy

    , whilst the current ESI reading is 22.9 points lower than the post-crisis high of 104.2 recorded a year... 2012. Since then, it had posted a considerable improvement by more than 26 points until June 2014... the highest monthly drop plummeting by more than 22 points to -25.9, whilst the construction confidence fell

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  9. Drop in corporate loan rates led the average loan rate at a new historic low
    Photo by MacroPolis

    EconomyMacroeconomy

    . At that time more than 15 banks were operating in the Greek banking market. After a series of M&A... in the domestic market controlling more than 95 percent of deposits. However, the Greek time deposit rate... loan rates remain 200-300 bps higher than the respective average eurozone figures. In the household

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  10. Early gains in Greek stocks cancelled out in second half of week

    Economy

    is becoming unsustainable. Banks rebounded 7.3 percent this week after a nosedive by more than 58 percent last week. The improved performance is mostly perceived as a technical reaction rather than... 1 percent to 3.15 billion on negative currency effects. EBIT improved significantly by more than 31

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