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Fitch puts Greek banks' capital needs between 11.2 and 15.9 bln
Economyto be counted as core capital. Fitch examines two scenarios in its July 24 report to determine Greek banks’ capital needs, which are projected at 11.2 and 15.9 billion euros respectively under... to continue to qualify as core capital. 5) Target Common Equity Tier 1 (CET1) ratio at 12 percent
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Capital controls to be abolished ahead of schedule
EconomyBankingwith the full lifting of the capital controls that have been in place in Greece since the summer of 2015. Speaking in parliament at the start of the week, Mitsotakis said that the damaging capital controls... and banking system”. The lifting of capital controls had been indicated in New Democracy’s election campaign
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Piraeus and Alpha forge ahead with share capital raises and securitisations
EconomyBankingcapital increase of 1.38 billion euros, following a three-day book-building process that priced the 1.2... that will proceed with a share capital increase of 800 million euros. The Extraordinary General Meeting... pct of the share capital has declared its intention to participate in the share offering
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Greek banks' potential capital shortfalls set to be reduced by more than 2.5 bln
Economyin order for the resulting capital benefits to banks to be incorporated in the ECB-EBA stress tests. According to our initial estimate a month ago, the capital cushion would reach 2.3 billion euros... Equity Tier 1 (CET1) capital. The new legislation related to the conversion of DTA to tax credit, which
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What capital controls will mean for Greek banks, customers and the economy
Economyof capital controls via a legislative decree. During the bank holiday, which may later be extended.... The legislative decree clarifies that pension payments are excluded from capital controls, with further... interbank transfers · Ban on movements of capital offshore · Potential restrictions
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Capital controls to be loosened further, restrictions on foreign cash removed
EconomyMacroeconomyAdditional measures to ease the capital controls in place in Greece since 2015 were announced... Tsakalotos had approved a decree which sets out several steps to loosen capital controls. It aims... of a roadmap to ease and eventually lift capital controls, announced on May 17, 2017. The roadmap
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New measures to ease capital controls, lift restrictions on opening bank accounts
EconomyMacroeconomyAdditional measures to ease the capital controls in place in Greece since 2015 were announced... capital controls as part of a roadmap to ease and eventually lift the restrictions, announced on May... or natural, for the first time since capital controls were imposed. It will also be possible to add a co
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Greece moves closer to lifting all capital controls as limits on cash withdrawals removed
EconomyMacroeconomyapplied to the capital controls imposed in the summer of 2015 as the government pushes to abolish them... of currency which constitutes profits and dividends originating from foreign capital invested in Greece... was forthcoming in light of both the ministry’s roadmap to relax and eliminate capital controls
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What lies at the heart of differences over Greek banks' capital needs?
Economyreportedly informed lenders that their capital needs amount to around 5 billion euros, a Financial... that the IMF has estimated Greek banks’ capital needs at 20 billion euros, a figure almost four times... that banks are relying on the media for clues regarding the stress test results, which put capital needs
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Sharp increase for Greek bank provisions in Q2 due to capital shortfall highlighted by ECB
EconomyBankingFollowing the publication of their capital needs resulting from the comprehensive assessment... to 67 percent in Q3 from 63 percent in Q1. On the capital front, the Common Equity Tier 1 (CET1) ratio... reached 60.6 percent in Q3 from 56.5 percent in Q1. Next steps The CA showed a capital shortfall (under
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