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ECB stress tests and what they will mean for Greek banks
Economywith two banks (Alpha and Piraeus) showing zero capital needs, while the other two (Eurobank and NBG... whether the ECB and EBA will incorporate the full capital benefit (estimated to be close to 2 billion... of the untapped HFSF capital (estimated to be above 10 billion) to the ESM so that it can form the basis
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Referendum and the ECB to determine the future of Greek banks
Economybillion, Eurobank at 8 billion and Alpha at 6.2 billion). Taking into account the deposit outflows since then, it is estimated that the ELA liquidity buffer has been reduced to around 25 billion. Assuming... will continue operating with the ELA liquidity of last Friday which is estimated close to 90 billion
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Banks submit new NPL targets to SSM, with sales leading way in reduction drive
EconomyBankingpercent in H1 to 17 percent for Eurobank From 54 percent in H1 to 22 percent for Piraeus Bank Greece... strategic defaulters. The number of such defaulters is estimated between 45,000 to 50,000. Legal experts..., returning to a normal banking system will be a crucial step. It is estimated that by the end
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IMF expects modest recovery, lingering debt but primary surplus to return swiftly
EconomyMacroeconomyto 3.6 pct in the last quarter of next year. This year’s estimate is marginally lower than the one... estimate for a 8.2 pct GDP contraction last year. Greece is seen coming off deflation this year..., after -7.4 pct last year and a recovery from next year up to 2026 at -3.5 pct. This year’s estimate
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Newsletter 364 - 23/12/2022
. This is broadly in line with the European Commission’s estimate published about a month go, which... regarding next year. In its review in October, S&P presented an estimate of 1.7 pct growth in 2023. Also... in Parliament last weekend, the growth estimate for 2022 was 5.6 pct and 1.8 pct for 2023. The most recent
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Newsletter 1 31/10/2014
of a stake Eurobank was the only Greek bank seen needing any additional capital and even in this case... surplus (2 billion euros) under the dynamic adverse model. Eurobank’s minimal shortfall of 18 million... (37.6 and 42.8 percent respectively) and Eurobank (34.1 and 36.3 percent respectively. NBG showed
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DTA may spell new trouble for Greek banks
Agoraranging from a low of 35.9 percent for Alpha to a high of 53.8 percent for Eurobank. The comparison with the tangible equity (TE) - which also excludes preference shares of 950 million for Eurobank... of TE. Alpha enjoys the lowest ratio at 37.1 percent, with Eurobank at the high end at 71.6 percent
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Greek banks' equity raising could keep official support to a minimum
Economysplit among the four systemic banks. The first tier includes Alpha and Eurobank, with capital needs.... Eurobank The bank announced on October 29 a voluntary exchange offer for a total of 877 million... securities. We understand that Eurobank could strengthen its capital base by up to 790 million if all
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Greek banks' capital actions underway, state aid seen as low as 4.7 bln
Economystand at 180 million euros for Alpha, 83 million for Eurobank, 120 million for NBG and 271 million... euros allowed by the law. Eurobank The bank had initially announced a capital increase... into consideration the approved mitigation actions. Eurobank has also the option to boost its capital by 720
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Banks focus on defining challenge of reducing NPEs
EconomyBankingbillion across the year bringing the ratio for the group at 51.7 percent. Eurobank’s stock of NPEs... target for NPEs is to reduce the balance to 16.8 billion by December 2019. The target for Eurobank... the process of disposing packages of problematic loans when Eurobank in October sold a pool
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