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This is what the ECB’s comprehensive assessment tells us about Greek banks
Agoratest for the four Greek banks. Alpha and Eurobank showed the lowest capital needs both under... billion euros, followed by Eurobank at 2.19 billion, NBG at 2.46 billion and Piraeus at 3.21 billion... was recorded by Eurobank (+1.2 pp to 41.6 percent) and the biggest by NBG (+5.8 pp), with Piraeus
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Greek banks complete book building: A recap of where we stand
Economyparticipation has been completed. Alpha and Eurobank covered their total capital needs without any state aid... percent to around 11 percent. Alpha will proceed with a 50-to-1 reverse split. Eurobank Total capital... million. Unlike the other banks, Eurobank has not disclosed so far the exact amount of the book
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Greek banks: Taking stock of a rough 2015 and looking at what lies ahead
Agoratapping the interbank market. Repos currently exceed 8.2 billion euros (Eurobank 4.6 billion, Piraeus... at the low-end. In addition, NBG has by far the highest coverage ratio, with Eurobank and Piraeus... stood at 50 percent. Eurobank has the lowest NPE ratio (43.8 percent). Alpha (51.3 percent
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NBG raises 300 mln from SME loan securitisation in first such Greek transaction since 2007
EconomyBankinggovernment representation in its Board of Directors has been ceased. Eurobank At the end of last week, Eurobank announced it completed the sale of an 80 percent stake in its insurance unit Eurolife to Costa Luxemburg, a company jointly controlled by Fairfax (controlling 16.9 percent in Eurobank
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IFRS 9 provisions required by banks in line with expectations
EconomyBankingis 1.1 billion euros net of tax, Eurobank announced with its full-year 2017 results that the impact... in 2018 is 11 basis points (bps) for Alpha, 16 bps for Eurobank, 25 bps for Piraeus and 50 bps for NBG. The total impact on capital adequacy is seen at 230 bps for Alpha, 290 bps for Eurobank, while
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Greek banks' NPL selloff gathers speed
EconomyBanking, and the wheels are already in motion. Loan sales The first bank to take the plunge was Eurobank, which... Planning Services S.A. (FPS), a wholly owned subsidiary of Eurobank, licensed by the BoG. According to reports, Eurobank will receive a management commission of 0.5 percent of the principal loan pool
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Banks step up securitisation drive following pandemic interruption
EconomyBankingup for lost time in restoring the health of their balance sheets. Eurobank was at the most advanced... the overall transaction that included the sale of an 80 pct stake in its loan management arm Eurobank Financial Planning Services (FPS) to doValue. Eurobank signed a 14-year agreement, from 10 years
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What is the state of play with Greek banks?
Economyloss for the four core banks (namely Alpha Bank, Eurobank, National Bank and Piraeus Bank), while... Agricole, while after the collapse of the National-Eurobank merger, the former acquired Probank... to raise fresh money from private investors. Except Eurobank, fully recapitalised by the Hellenic Financial
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Bank of Greece decision bolsters Greek lenders’ capital ratios
EconomyMacroeconomyin its ongoing stress test to evaluate Greek banks’ potential capital needs. Eurobank is the lender... ratio below the 9 percent threshold. The material capital improvement will also facilitate Eurobank...) to acquire a significant stake in Eurobank as part of the privatisation process due
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National Bank follows other Greek lenders' by opting for capital increase
EconomyBanking’ capital raisings of 1.2 and 1.75 billion respectively at the end of March and Eurobank’s upcoming... the market, of which 4.03 has already been covered if we include Eurobank’s anchor investor offer... banks respectively following their recent capital increases. Following Eurobank, NBG
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