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Greek banks complete book building: A recap of where we stand
Economyparticipation has been completed. Alpha and Eurobank covered their total capital needs without any state aid... percent to around 11 percent. Alpha will proceed with a 50-to-1 reverse split. Eurobank Total capital... million. Unlike the other banks, Eurobank has not disclosed so far the exact amount of the book
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Newsletter 53 - 27/11/2015
that Alpha and Eurobank will have covered their total capital shortfall, while NBG and Piraeus... for Eurobank and climbed to 80 percent for Piraeus and 93.8 percent for NBG. This means that the banks... 35.41 to 2.4 percent in Eurobank and from 66.93 to 23.8 percent in Piraeus. The latter also
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Greek banks: Taking stock of a rough 2015 and looking at what lies ahead
Agoratapping the interbank market. Repos currently exceed 8.2 billion euros (Eurobank 4.6 billion, Piraeus... at the low-end. In addition, NBG has by far the highest coverage ratio, with Eurobank and Piraeus... stood at 50 percent. Eurobank has the lowest NPE ratio (43.8 percent). Alpha (51.3 percent
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NBG raises 300 mln from SME loan securitisation in first such Greek transaction since 2007
EconomyBankinggovernment representation in its Board of Directors has been ceased. Eurobank At the end of last week, Eurobank announced it completed the sale of an 80 percent stake in its insurance unit Eurolife to Costa Luxemburg, a company jointly controlled by Fairfax (controlling 16.9 percent in Eurobank
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IFRS 9 provisions required by banks in line with expectations
EconomyBankingis 1.1 billion euros net of tax, Eurobank announced with its full-year 2017 results that the impact... in 2018 is 11 basis points (bps) for Alpha, 16 bps for Eurobank, 25 bps for Piraeus and 50 bps for NBG. The total impact on capital adequacy is seen at 230 bps for Alpha, 290 bps for Eurobank, while
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Greek banks' NPL selloff gathers speed
EconomyBanking, and the wheels are already in motion. Loan sales The first bank to take the plunge was Eurobank, which... Planning Services S.A. (FPS), a wholly owned subsidiary of Eurobank, licensed by the BoG. According to reports, Eurobank will receive a management commission of 0.5 percent of the principal loan pool
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Banks step up securitisation drive following pandemic interruption
EconomyBankingup for lost time in restoring the health of their balance sheets. Eurobank was at the most advanced... the overall transaction that included the sale of an 80 pct stake in its loan management arm Eurobank Financial Planning Services (FPS) to doValue. Eurobank signed a 14-year agreement, from 10 years
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Eurozone periphery condemned to low wages, demand, EC study suggests
Economy. However, economist Jan in ‘t Veld is clear in his criticism on the euro area opting to simultaneously
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Primary surplus at 2.1 bln in Feb, ahead of budget execution target
EconomyMacroeconomythe 2-month figure to 8.37 billion, up 7.6 percent. Despite the recorded rebound, revenues fell short of Jan
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EU funds and limited expenditure drive primary budget surplus to 2 bln in Feb
Economythe continued rebound, revenues fell short of Jan-Feb target by 276 million. Both direct and indirect
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