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Final structure of bank recap taking shape, cautious optimism for outcome
Economyto the most rumoured scenario in the market, private investors would have to cover at least the capital needs... (CoCos) and shares. CoCos would bear an annual coupon of 7–9 percent, according to market sources... one week before the announcement of capital needs, market sources are pointing to a total figure
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Last round of Greek banks' recapitalisation drastically shifts shareholder structures
Economylower (-0.3 percent). Alpha is clearly the largest bank in terms of market value and the third largest listed company in the Greek market with a market capitalisation of 3.84 billion. NBG is following suit at 2.77 billion, Piraeus at 2.61 billion and Eurobank at 2.41 billion. Overall, the total market
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Greek stocks fall 3.1 pct over week, volumes soar on Friday due to FTSE reclassification
EconomyAfter rising in the previous four weeks, the Greek stock market fell 3.1 percent this week... remains on the liberalisation of the non-performing loan market. Fitch affirmed last Friday evening... level since March 2. Despite the weekly losses, the domestic market shows gains of 24.4 percent from
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Newsletter 74 - 20/05/2016
with targeted annual revenues of 1.6 billion euros, the creation of a secondary market for performing... market means that NPLs could be sold by banks, with the exception of mortgages on primary residences... leading financial institutions to the negotiating table and working out a market-driven strategy
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Marfin Investment Group EBITDA up 75.6 pct in Q1
Economypreserved its lead market position in its key fresh milk and frozen vegetable markets. During the quarter, Vivartia remained the market leader in the overall Greek dairy market, with a market share... market conditions due to recent tax and social security reforms and improved EBITDA by 56 percent
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Encouraging signs for Greek banks in Q1 results but NPL management looms large
Agora) of the four core banks amounted to 28.33 billion euros, while their current market value stands... has by far the highest TE of 8.51 billion as well as the highest market cap of 3.32 billion (third highest in the Greek stock market), while its P/TE ratio of 0.39x implies it is trading at a premium
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After talks with lenders, Greece returns to list of tasks to secure next bailout payment
EconomyProgrammemarket reforms are not among the 15 prior actions due within September, the labour issues, which... reportedly made clear they want to see more flexibility in the labour market, with liberalisation... statements. When asked whether the fund was planning to be more flexible on labour market reforms, his
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Greek stocks climb 4.3 pct on week, banks’ strong performance continues
EconomyThe Greek stock market rebounded strongly by 4.3 percent this week mainly led by solid gains in banks, also accompanied by an increase in trading activity. The positive market performance... market sentiment also supported by the short-term debt relief measures that were agreed at last
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Newsletter 113 - 31/03/2017
, such as the liberalisation of the energy market, appear to have been settled. Specifically on this issue, Athens seems... to the liberalisation of the energy market, with lenders demanding the sale of 40 percent..., PPC’s retail and wholesale market share should be reduced by 20 percentage points by 2017
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Details of technical agreement between Greece and lenders set out in draft sMoU
EconomyProgrammecontrols, labour market reforms, privatisations and public administration. The primary surplus target... or family benefits (10 million) and cut in the unemployment benefit for those entering the labour market... public infrastructure investment (0.1-0.2 percent of GDP) and active labour market policies (0.1-0.2
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