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The government decisions that could shape the future of Greek banks
Economy. HFSF currently holds: 1) a minority stake in Eurobank (35.41 percent) and 2) a majority stake... place in Eurobank on February 1, when Nick Karamouzis was named new non-executive chairman
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Greece's imminent funding problems: All the numbers you need
EconomyProgrammeobligations in the last month of each quarter. Greece has also to pay in March more than 1 billion euros.... On the budget execution front, January posted a revenue shortfall of almost 1 billion. The revenue
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Greece sees lower primary surplus at 0.3 pct for 2014, fiscal challenges remain
EconomyProgrammerules: 1) SMP and ANFA income are included in budget but excluded from EAP. This means that 2.42..., there is a number of issues that need to be clarified regarding the MoF announcement: 1) Whether the three
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Growing uncertainty weighs on Greek shares and bonds
EconomyThe bond market showed an up to 1 percentage point (pp) upward movement in Greek government bond (GGB) yields, which stand close or above their post-PSI highs. The 3-year GGB yield rose by almost 1 pp
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Greek deposits fell by 7.7 bln in Feb and total of 24.6 bln since Dec
EconomyMacroeconomytime outflows of 4.68 billion, while sight and savings also recorded outflows of 1.9 and 1 billion... reached 1 billion last week, according to local media. Banking sources had indicated that outflows had
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Fitch downgrades Greek IDRs three notches to CCC, sees damage to recovery
Economy: 1) A break-down in negotiations between Greece and its creditors leading to alternative solutions... bonds probable. In contrast, the following developments could result in a rating upgrade: 1
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IMF sees Greek growth at 2.5 pct in 2015, debt at 172.7 pct of GDP
Economyunemployment rate by 1 percentage point to 24.8 percent in 2015, with the jobless rate expected to fall.... The IMF revised upward its estimates on the overall fiscal balance by more than 1 pp for 2015 and 2016
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Greek banks’ loan quality is deteriorating
Economyeuro2day.gr reported that an additional 1 billion euros in NPLs was created in March. If confirmed, this 3...’ common equity tier 1 (CET1) ratios stood at adequate levels at the end of 2014, ranging from 12.1
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Moody's downgrades Greek bond rating, sees chances of accident rising
Economykey drivers behind the downgrade: 1) The high uncertainty related to whether Greece will reach... in the near term given the prevailing downside risks, Moody’s could upgrade Greece’s rating in case of: 1
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Eurobank posts loss of 94.4 mln in Q1 as NPLs, Eurosystem funding rise
EconomyMacroeconomyby 2.5 billion. Gross loans rebounded by 1 billion QoQ to 52.9 billion in Q1, yet this mostly.... The bank’s phased-in Common Equity Tier I (CET1) ratio further eased by 1 pp QoQ to 14.2 percent
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