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  1. Signs of recovery, improved tourism season visible in Sept budget data as revenues beat target by 943 mln
    Photo by MacroPolis

    EconomyMacroeconomy

    The budget primary balance up to September landed at a deficit of 5.96 billion euros, compared with a deficit of 7.01 billion in the same period last year, the preliminary Finance Ministry (MoF... for working capital for companies in the food and beverage sector was 158 million euros through the PIB

    21%
  2. New Himare elections pose fresh challenge for Greek-Albanian relations
    Photo by Michael Button via Flickr https://flic.kr/p/ddQycw

    PoliticsForeign Policy

    – without naming Greece – that the EU’s accession negotiations should not be a field of resolving bilateral... they believe that Athens does not want to spend more diplomatic capital due to the ongoing crisis... that could also lead to the resolution of bilateral issues such as the delimitation of the sea zones within

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  3. Alpha, Eurobank raise 4.6 bln in private capital: Here's exactly what it means
    Photo by MacroPolis

    Agora

    the form of voluntary bond swap offer to its bondholders. Since the LME resulted in a capital.... Overall, the equity raising of 2.56 billion euros fully covered than bank’s capital needs under... the ECB’s Single Supervisory Mechanism (SSM) approved capital mitigating actions totaling 180

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  4. BoG urges banks to improve quality of capital, re-doubles SPV efforts
    Photo by MacroPolis

    EconomyBanking

    portfolio and the composition of the capital structure that largely constitutes of deferred tax credits... reflected positively on the country’s banking system, leading to the complete lifting of the capital.... The deposit base is also improving as deposits return. The lifting of capital controls is expected

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  5. Where Greek banks stand ahead of capital needs disclosure
    Photo by Harry van Versendaal

    Economy

    of the Blackrock loan diagnostic and their individual capital needs. Reports indicate that the total... the rounds in the last few months. Same reports point to higher capital shortfalls for Eurobank and National... in their business plans until 2017. The capital needs will reportedly be based on the baseline (rather than

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  6. OECD advocates closer look at health and capital quality of Greek banks
    Photo via http://www.oecd.org/

    EconomyBanking

    come about in the Greek financial sector. Deposits have increased by 21 pct since 2017, capital... provisions for the stock of bad loans, the return on assets is improving. Capital ratios are also above...-performing exposures (NPE), the quality of the capital base and low profitability. The pandemic only came

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  7. Piraeus Bank raises 1.38 bln in share capital increase
    Photo by MacroPolis

    EconomyBanking

    Piraeus Bank completed its 1.38 billion euros share capital increase, pricing its new shares...”. The capital increase is a central plank of Piraeus Bank’s balance sheet clean-up plan, which includes a raft... capital enhancements, including the carve-out and sale of the bank’s cards merchant acquiring

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  8. A return to capital markets for Greek banks but no return to domestic lending
    Photo by Can Esenbel [www.mundanepleasures.com]

    Agora

    of foreign investors' interest for bond placements and capital-raising initiatives. First, Piraeus Bank... international capital markets in 2009. In a second move both Alpha Bank, Greece’s fourth-largest lender... capital from foreign investors this week. More specifically, Piraeus raised 1.75 billion euros of equity

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  9. Bond issued for capital support of Greek banks in 2009 reaches maturity

    Economy

    of Understanding with the troika, the Greek government passed a bank liquidity and capital support bill (Law 3723/2008). This consisted of two pillars: The first related to capital enhancement of up... billion euros. The capital support for banks was implemented as a capital increase with the issue

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  10. Capital controls in Greece? A response to Professor Sinn
    Photo by MacroPolis

    Agora

    While capital controls might be an appropriate intermediate solution for Greece as argued... a capital controls regime for Greece, since the cost of a funded capital controls regime is lower than Grexit. In fact, capital controls are a likely intermediate outcome as they would isolate the Greek

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