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Credit origination and transmission: Are Greek banks part of the problem or the solution?
Agoraand Irish Nationwide. The assets were acquired at a discount of roughly 60 per cent book value of banks... the highly contentious issue of how to identify the transfer value of impaired assets and who could pay... are only worth a fraction of their original value. Both Piraeus Bank and National Bank of Greece
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Are investors getting a bargain with Eurobank?
Agoravalue, also set as the minimum acceptable price for the capital increase. This price implies an 80... book value per share (TBV) to 0.39 euros from 0.54 in 2013. The former (0.39 euros) incorporates... via the capital increase process at a price of 0.30, the respective price-to-book value (P/TBV) stands
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How Greek banks moved into a new era
Agorahave a combined market value of 35.1 billion corresponding to 45.7 percent of the Greek market capitalisation. HFSF’s share in banks has a market value of 21 billion, implying unrealised capital losses... at 29.5 billion. Current prices indicate Greek banks are trading 1.1x their Q1 book value and 1.2x
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Are things looking up for Greece's privatisation programme?
Economystake in OLP. The latter’s market value is higher than that of OLTH, currently at 458 million euros... stake in OLTH. Its current market value stands at 258 million euros, implying that the HRADF’s share... that it was unconstitutional. EYDAP has a market value of 995 million euros, while HRADF’s 61.33 percent stake
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Newsletter 7 - 12/12/2014
billion to the ESM The market value of the Hellenic Financial Stability Fund (HFSF) participation... of September, that value stood at 17 billion and was still materially lower than the 22.5 billion...’s stress tests and was related to PSI as well as loan losses. The current market value of 13
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Athens ticking off prior actions one by one as EU keeps close watch
PoliticsGreek Politicswith a statutory value (as set for tax purposes) up to 300,000 euros for a single person, 375,000 euros... with two children. The institutions seem to want only those owners with a property value under... the threshold of 120,000 euros based on the market, rather than taxable, value of the property but insisted
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Greek banks' equity raising could keep official support to a minimum
Economya LME for a voluntary bond exchange of 1.09 billion (nominal value) outstanding bonds. The offer.... Bondholders have the option to agree to a share exchange at 100 percent of nominal value for the senior... percent of nominal value for senior notes, at 80 percent for Tier 2 and at 50 percent for Tier 1
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Gov't submits multi-bill to pave way for next bailout tranches
EconomyProgrammeproperty value up to 120,000 euros for singles, 160,000 for couples and then increasing by 20,000... euros. The taxable property value limit for those households was set at 180,000 euros for singles... will determine the property’s market value and the monthly instalment will take into consideration
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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... value of the four systemic banks stood at 11.63 billion on December 17 making up 26 percent... on their 9-month pro-forma (for equity raising) tangible book value of 30.4 billion, which includes deferred tax
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How the pension fund that invested heavily in Attica Bank lost half its reserves
AgoraTSMEDE has lost 93.5 percent of its investment. In absolute terms, the market value of TSMEDE... investment in equities stood at 938.57 million euros. Their market value of 176.22 million in April..., the market value of its bond portfolio stood at 29.94 million in April compared to a nominal value
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