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Greek banks' capital actions underway, state aid seen as low as 4.7 bln
Economystand at 180 million euros for Alpha, 83 million for Eurobank, 120 million for NBG and 271 million... euros allowed by the law. Eurobank The bank had initially announced a capital increase... into consideration the approved mitigation actions. Eurobank has also the option to boost its capital by 720
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Banks focus on defining challenge of reducing NPEs
EconomyBankingbillion across the year bringing the ratio for the group at 51.7 percent. Eurobank’s stock of NPEs... target for NPEs is to reduce the balance to 16.8 billion by December 2019. The target for Eurobank... the process of disposing packages of problematic loans when Eurobank in October sold a pool
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Positive sentiment around banks continues to grow
EconomyBankingsix banks by up to two notches and granting the investment grade to Eurobank and NBG. Fitch Ratings... holds a minor stake of 1.4 pct at Eurobank and the bank has officially expressed its interest to buy... the competitive bid process. The market expectation is that Eurobank will eventually secure that stake
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Sale of 10 pct stake in NBG ups taxpayer losses from banks to 34 bln
EconomyBankingbillion euros, coming from 93.7 million euros from Eurobank after the bank bought back a minor stake..., 6.85 billion in Piraeus, 5.73 billion in Eurobank and 3.96 billion in Alpha. As a result, the HFSF became the dominant shareholder in the banks’ share capital. controlling 98.56 percent of Eurobank
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Small rise for Greek manufacturing PMI in November
EconomyMacroeconomy. The improvement in vendor performance is the longest such sequence for almost five years. Producer prices also
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Greek PMI edges up in March but exports, factory output fall
EconomyMacroeconomya rise in vendor lead times, partly attributed to stock shortages in the supply chains, the most
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Manufacturing PMI drops to 46.5 in April, lowest reading since June 2013
EconomyMacroeconomysuccessive month with the extent of deterioration in vendor performance being the most marked since January
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PMI falls to 46.9 pts in June in ten straight months of contraction
EconomyMacroeconomytrend albeit demand for inputs further slipped. The rate of deterioration in vendor performance
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Lack of new orders and sharp drop in production lead to weak PMI in August
EconomyMacroeconomydriven by lack of production and decline in new orders. A further deterioration in vendor
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PMI falls 1.6 pts to 48.4 in February
EconomyMacroeconomy, while vendor performance recorded the most notable deterioration since September due to transport
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