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Sale of 10 pct stake in NBG ups taxpayer losses from banks to 34 bln
EconomyBanking, reaching a total of 7 billion euros in offers. The transaction was split 70-30 between... settled at 7.55 euros/share, which was a 5 pct discount from the closing price of the previous Friday... euros and roughly 7 billion euros for NBG.
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Credit origination and transmission: Are Greek banks part of the problem or the solution?
Agora7); · The percentage of SMEs reporting a fully successful loan application was lowest in Greece... by the EFSF. At present domestic lenders use these highly rated bonds[5] as collateral, placing them..., April 2013. [5] The benchmark 10-year EFSF bond is currently rated (long-term) at AA+ by Standard
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To Potami's rise and Golden Dawn's strife shake things up for May vote
PoliticsGreek Politics_gr) March 9, 2014 .@publicissue poll for @efsyn EP elections: SYRIZA 15.5%, ND 15.5, ToPotami 7, KKE 5, GoldenDawn 4.5, PASOK 3.5, IndyGreeks 2.5, DIMAR 1.5 — MacroPolis (@MacroPolis_gr) March 14... 5, IndyGreeks 4.5, DIMAR 2.2, undcd 23.8 — MacroPolis (@MacroPolis_gr) March 16, 2014 It is still
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Buoyed by troika deal, Greece aims for rapid return to bond markets
Economy) yield dropped below the symbolically important threshold of 7 percent on Tuesday from 7.7 percent in mid... unsecured corporate bond was priced at a fixed rate coupon of 5 percent and was 6 times... that Greece might benefit from a more favorable pricing (closer to 5 percent) in its upcoming
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National Bank follows other Greek lenders' by opting for capital increase
EconomyBankingis anticipated to improve its pro-forma 2013 EBA CT1 of 11.2 percent by 7 percentage points to 18.2 percent... 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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Greek primary budget surplus at 707 mln as revenues beat target in May
Economyby 48.2 percent to 1.99 billion euros. Both figures deviated by 5 million euros from the preliminary data... to an underperformance of 129 million by May. This is primarily due to modest PIB revenues of 5 million in May (similar to the 7 million posted in May 2013), while the respective PIB expenditure stood
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Loan and deposit rates edge down in May but remain above euro area average
EconomyMacroeconomyto date reduction stands at 30 bps, while the current rate is half the record high of 5 percent posted... percent and the rate of loans to sole proprietors also dropped by 5 bps to 9.07 percent Although... for the fifth consecutive month a modest rise of 7 bps to 3.81 percent. On the loan rate outlook
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Lower expenditure helps Greece post 707 mln primary budget surplus in first half of 2014
Economyby 51.5 percent to 2.42 billion euros. Both figures posted a marginal deviation of 5 million euros... by 20.9 percent in June. The 6-month figure fell 7 percent to 10.45 billion, 353 million short of target... a rebound in revenues to 669 million, from 5 million in May and 8 million in June 2013, while expenditure
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Greek time deposit rates fall further in August
EconomyMacroeconomyof lower deposit and loan rates led the average spread up for the second straight month, by 5 bps... average interest rates was slower, less than 7 bps in both categories. The drop of the average spread was similar to that of new volumes settling 5 bps lower to 3.82 percent. However, the evolution
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