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How the pension fund that invested heavily in Attica Bank lost half its reserves
Agora’s share capital in June 1997, when former Emporiki Bank transferred part of its share to TSMEDE... in TSMEDE’s shareholding in Attica took place in June 2013, when the bank completed a share capital... capital injection. TSMEDE’s stake in Attica further increased to 56.25 percent after a capital
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Multiple potential benefits await Greece if it can clinch QE eligibility
EconomyFeaturesof the ECB capital key (of around 2.9 percent for Greece) on the maximum monthly amount of 60... banks Lower GGB yields will have a direct positive impact on banks’ capital due to the revaluation...) of around 700 million on its capital. Similar positive impact on capital should be expected for Eurobank
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GDP rises by 0.5 pct in Q2 as signs of recovery emerge
EconomyMacroeconomyand substantial decline of gross capital formation by more than 25 percent. Compared to the same period..., while capital formation dropped by 17.1 percent and imports increased by 3.1 percent. Consumption... public consumption is seen rising by 0.1 percent. Investments Gross capital formation recorded
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GDP grows by 0.1 pct in Q4, up by 1.4 pct in 2017
EconomyMacroeconomy. These falls were partially offset by a 27.8 percent rise in gross fixed capital formation during... percent increase in gross capital formation compared to 2016, as well as exports of goods... the year. Investments Gross capital formation grew by 9.9 percent QoQ following a revised drop of 7.4
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Banks focus on defining challenge of reducing NPEs
EconomyBankingnot indicate any need for raising significant additional capital, Greek banks can now continue without... Global Management, Bain Capital, Davidson Kempner Capital Management and Kildare partners... they are implementing their capital plans correctly. This month, Greek lenders are expected to submit
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If rising card use in Greece meets EU average, VAT revenues would see 3.3 bln boost - study
EconomyMacroeconomy) has shown. The study, titled “Digital payments after capital controls: Support measures and tax revenues” looked at electronic modes of payments (EMP) which increased after capital controls, and how they could be further boosted. It tracks the imposition of capital controls, along with their gradual
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Amid market turbulence, Greece searches for scheme to help banks reduce bad loans
EconomyBankingthe need for any additional capital requirements, the sector did not see the anticipated signs of relief... move, it made the banks’ capital adequacy in the future an additional consideration. Reducing bad...’ balance sheets in a capital neutral transaction and then include paid-in capital in way of provisions
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Eurobank to merge with Grivalia Properties and create SPV to cut bad loans
EconomyBankingthat is expected to increase the bank’s capital value by 1 billion euros. The deal will take the form... percent of Eurobank. The merger will create the best capitalised bank in Greece, with total capital ratio... to cause capital requirements of between 1.1 to 1.2 billion euros due to the difference between the book
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Contraction of 0.1 pct in Q4 sees 2018 GDP fall slightly below target at 1.9 pct
EconomyMacroeconomycapital formation declining by 10.7 percent QoQ, with gross fixed capital formation falling by 3.6..., in Q4 gross capital declined by 10.7 percent QoQ, following a 14.3 percent rise in Q3. Compared to the same quarter of 2017, gross capital formation increased by 4.1 percent. YoY, gross fixed capital
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Newsletter 231 -06/12/2019
consumption expenditure edged up by 0.5 percent on an annual basis. Gross capital formation fell by 5 percent YoY, while gross fixed capital formation showed an increase of 2 percent. Compared to Q3 2018... pct QoQ in Q3 Gross capital formation acts as main driver for quarterly figure Greece’s seasonally
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