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Outflows ease to 1.5 bln in July but deposits reach lowest level since May 2003
EconomyMacroeconomy, the aggregate figures for the 8-month period that started last December displayed total outflows... billion), in February (7.63 billion) and in June (7.58 billion). Total deposits - which also include... since November 2003. The negative flow of total deposits reflects private sector and other euro area
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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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Newsletter 42 - 11/09/2015
injected into the systemic banks, the resolution cost of non-core banks reached a total of 15..., of the total financial envelope of 50 billion that was earmarked for Greek bank recapitalisation... proceeded with capital increases of 8.3 billion in total, with the cancellation of HFSF pre-emption
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Greek bank recapitalisation: The story so far and what lies ahead
Economyinto the systemic banks, the resolution cost of non-core banks reached a total of 15 billion, with the bulk related to ATEbank (7.5 billion) and TT Hellenic Postbank (4.2 billion). Thus, of the total financial... with capital increases of 8.3 billion in total, with the cancellation of HFSF pre-emption rights fully
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Newsletter 44 - 25/09/2015
to get his parliamentary group to read from the same page. However, total unity cannot be guaranteed... a best-case scenario. This scenario assumes total capital needs of up to 15 billion euros, almost... process as it, accordingly, reduces the necessity for official support. Of the total of 25 billion
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Greece sees deposit inflows, of 449 mln, in August for first time since Sept 2014
EconomyMacroeconomyperiod that started last December shows total outflows reached almost 44 billion corresponding... recorded in January (12.79 billion), February (7.63 billion) and June (7.58 billion). Total deposits... Governing Council decided to lower the ELA ceiling for Greek banks three times by a total of 2.1 billion
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Fiscal target revision shows 3.07 bln 9-month primary surplus was 1.8 bln above target
Economyof the total revenue revision. In addition, direct taxes also fell by 10.4 percent in September after... spot on target. Overall, total expenditure declined by 5.3 percent in 9-month period to 34.03 billion, 2.64 billion lower than the revised target. On top of primary expenditure, total expenditure
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Eurobank makes 877 mln bond exchange offer to cover part of its capital shortfall
EconomyBanking) 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... of November. According to Reuters, total capital needs are seen at around 14 billion, while the amount
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Piraeus Bank reveals mitigating actions aimed at reducing size of capital increase
EconomyBankingManagement Exercises (LMEs) targeting a total capital strengthening of 590 million euros, of which of 365.... The total amount of mitigating actions stands at 1.51 billion euros but it is not clear what amount... cover the part of total capital needs not covered by private investors. As was clarified on Sunday
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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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