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National Bank follows other Greek lenders' by opting for capital increase
EconomyBankingan Extraordinary General Meeting for May 10 to approve a capital increase of up to 2.5 billion euros. NBG... compared to 12 percent for the banking index and 5 percent for the Greek stock market. Reports also... at a fixed rate coupon of 5 percent and was 6 times oversubscribed.
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With prior actions pending, PASOK showing signs of adjustment fatigue
PoliticsGreek Politicsof conduct for members of the government 5) adoption of a joint ministerial action plan for integration... that finance auxiliary pensions (effective as of 1 January 2015) 5) adoption of small Public Power.... This creates considerable pressure on the new cabinet, sworn in on June 10, as there is much legislative
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What would a clean bailout exit for Greece mean in numbers?
Agorathat it would have to roll over. 2017 and 2019 reflect the 3 and 5 year issues earlier in the year... and other central banks over the next 5 years is just short of 23 billion euros. No other creditor... be deferred for 10 years and loan maturities extended for 15 years. The average maturity of the ESM
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Significant rises for Greek economic sentiment, consumer confidence in October
EconomyMacroeconomyimproved by almost 5 points to -50.9 in October, from -55.8 in September. The headline figure also..., extending its cumulative gains to 20 points in the 9-month period. Industry confidence rose by almost 5 points to -0.6 in October with the YtD gains at 10 points. Services confidence showed a relatively
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Greek time deposit rate falls to 1.82 pct in Dec, lowest during euro membership
EconomyMacroeconomyhiked by an additional 45 bps. During the Greek crisis, the time deposit rate peaked at 5 percent... by 5 bps to 6.74 percent, while the rate in consumer loans without a defined maturity (mainly credit... segments fell by 10 bps to 5.03 percent in December, its lowest level since Greece’s accession
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Greek funding needs add to pressure in talks between Athens and lenders
EconomyProgrammeredemptions of 6.7 billion, IMF payments of 5 billion and interest payments of 4.2 billion. On top... and to issue additional T-Bills of 10 billion by increasing the current limit of 15 billion to 25 billion. Even if both requests are approved, there is still a gap of more than 5 billion by August that has
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Greek debt falls to 312.7 bln in Q1 after return of EFSF bonds
Economyin Q1 and fully reflects the 3- and 6-month T-Bill issues rolling-over a total amount of 10 billion... of outstanding debt has a residual maturity of more than 5 years, fully attributed to FSN loans, while 13 percent is in short-term (up to 1 year) and 11 percent in medium-term (1 to 5 years) debt. Greece’s cash
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National Bank posts losses of 159 mln in Q1 2015
EconomyBanking. On the flipside, the domestic lending spread slipped by 5 bps mainly arising from a 14 and 10 bps drop... by 3 and 4 percent respectively. Net interest income (NII) fell 5 percent QoQ, largely stemming from
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How big is the gap separating Greece and the institutions?
EconomyProgramme, cheese and oil would be transferred to the higher rate of 23 percent meaning a 10 percent rise... contribution for pensioners for their main pensions by 1 pp from 4 to 5 percent. The institutions insist... from zero to 5 percent, whilst the institutions propose a higher rise to 6 percent. This creates a gap
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Greece and creditors try to untangle pension complications
EconomyProgrammepensions would involve a new reduction of 5 to 10 percent effective as of October. This is due... Institute (IKA). 5) Those retiring after June 30 will receive a pension corresponding to their social
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