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PM makes limited, cautious changes to cabinet after election disappointment
PoliticsGreek Politicsat ministerial level in five departments: Development, Migration, Interior, Labour and Agricultural... as Interior Minister. Kostas Tsiaras, once a justice minister under Mitsotakis, becomes the new agriculture minister. Niki Kerameus is being moved from the Interior Ministry to the Labour Ministry
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After Q3 results, what next for Greek banks?
Agoraat the high-end of 13.5 percent (implying a capital buffer of 2.4-2.65 billion above the 9 percent... to the state. The preference shares entail the privilege of a 10 percent fixed coupon in the first five... exercise, due on December 10 for Alpha, December 26 for National and January 2 for Piraeus
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On Portugal, PSI and a national salvation pact
Agora“Rehabilitating Portugal” precisely the day of the market operation (9 January). Also on the Alphaville blog... budget balance by €10 billion. Any attempt by the Portuguese government to extract an additional €10
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Eurobank gears up for crucial but contentious capital increase
EconomyBankingwas below the BoG threshold of 9 percent. The four-month delay is attributed to several setbacks related... to commence on April 25 and end on April 29, with 90 percent targeted to international and 10 percent... of these shares stands at high levels (10 percent with a 2 percentage point step-up every year after 2014
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Greek bank capital increases: A breakdown of what has been achieved
Economycapital increase this month, raising 2.5 billion on May 9. The transaction was reportedly two times... (1.24 billion) and a public offering in Greece for 10 percent (286 million). Alpha and Piraeus... above the European average ratio of circa 10 percent. Eurobank’s respective ratio is at 8.1 percent
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National Bank starts 2014 posting net profit of 181 mln in Q1
EconomyBankingincome at 438 million in Q1 is mainly driven by cost cutting (down 10 percent), while revenues improved... successive quarter to 5.12 percent leading group NIM down 9 bps QoQ to 3.17 percent. Operating expenses dropped 10 percent YoY and 21 percent QoQ to 506 million, mainly due double-digit cost containment
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After landmark return in April, Greece prepares to tap bond markets again
Economyissue on April 10 was a 3-billion-euro, 5-year note in a syndicated sale that was heavily... a 3-year bond issue with the aim of raising 2.5 – 3 billion euros by July 10. The proceeds may... the six prior actions required. The troika delegation is scheduled to return to Athens on July 9
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Loan and deposit rates edge down in May but remain above euro area average
EconomyMacroeconomyFollowing a drop by 10 basis points (bps) in April, the interest rate on households’ new time... changes were in housing loans (down by 9 bps to 2.94 percent) and in corporate loans up to 250,000.... Overall, the drop in the average rates on new deposits by 10 bps and on new loans by 36 bps, led
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Tsipras still hopes he can avoid being part of coalition government
PoliticsGreek Politicssome of the 1 in 10 Greeks that are undecided to help elect a single-party government. SYRIZA’s hopes... Others 6 Undecided 9 #Greece — MacroPolis (@MacroPolis_gr) January 12, 2015 A survey by Rass... of the non-parliamentary parties to above 10 percent and bring down to below 36 percent the level
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Newsletter 14 - 06/02/2015
to 10 billion euros of T-Bills to cover Greece’s short-term funding needs, carrying..., with a confidence vote due at midnight on February 10, a day later than initially scheduled... 9 billion euros annually over the next few years and will demand primary surpluses of 4.5 percent
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