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BoG urges banks to improve quality of capital, re-doubles SPV efforts
EconomyBankingportfolio 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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Diplomatic efforts to get Athens and Ankara talking gather pace, but face obstacles
PoliticsForeign Policythat support given by some countries for Greece’s “selfish and unjust stance” in the eastern... in any form of dialogue; this could explain the different approaches and rhetoric in both capitals
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Where Greek banks stand ahead of capital needs disclosure
Economyof 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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OECD advocates closer look at health and capital quality of Greek banks
EconomyBankingcome 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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Piraeus Bank raises 1.38 bln in share capital increase
EconomyBankingPiraeus 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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A return to capital markets for Greek banks but no return to domestic lending
Agoraof 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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Bond issued for capital support of Greek banks in 2009 reaches maturity
Economyof 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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Capital controls in Greece? A response to Professor Sinn
AgoraWhile 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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Fitch puts Greek banks' capital needs between 11.2 and 15.9 bln
Economyto be counted as core capital. Fitch examines two scenarios in its July 24 report to determine Greek banks’ capital needs, which are projected at 11.2 and 15.9 billion euros respectively under... to continue to qualify as core capital. 5) Target Common Equity Tier 1 (CET1) ratio at 12 percent
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Eurobank makes 877 mln bond exchange offer to cover part of its capital shortfall
EconomyBankingsecurities. According to the terms of the exchange offer, the part of the upcoming capital increase... would be equal to the issue price of the share capital increase. Our understanding is that the maximum capital boost for Eurobank from the LME could reach 750-780 million. The offer period is expected
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