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Greek bank capital increases: A breakdown of what has been achieved
Economyof the Hellenic Financial Stability Fund (HFSF) raising a total of 8.31 billion from private (primarily... capital increase this month, raising 2.5 billion on May 9. The transaction was reportedly two times... the announcement of capital needs by the Bank of Greece (BoG). They completed capital increases of 1.2
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Greek banks' capital backstop and the funding gap: An uneasy relationship
Economya total of 3.1 billion or 14 percent of capital needs from private investors, exceeding the 10 percent... period of uncertainty regarding the bolstering of their capital base and ability to raise fresh money... the stability of the Greek banking system through the strengthening of banks’ capital adequacy. Its scope does
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National Bank follows other Greek lenders' by opting for capital increase
EconomyBankingequity raising of 2.86 billion. In total, the four core banks are seeking to draw 8.31 billion from... an Extraordinary General Meeting for May 10 to approve a capital increase of up to 2.5 billion euros. NBG... banks’ capital needs - that its capital plan “will address the capital needs without raising new equity
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Newsletter 191 -25/01/2018
), which estimates pension payments on a monthly basis, showed that a total of 4.5 million pensions were paid in September 2018. The total sum involved came to 2.30 billion euros. The bulletin excludes... paid out. Out of the total number of pensions paid, 2.8 million relate to main pensions, 1.2 million
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Parties' competing tax pledges come up against challenging reality
EconomyFeaturesand their practical feasibility. Tax base A total 8,907,722 individuals declared income in the tax year 2017... an increase of 7 percent in the number of declarations over 2012. However, total taxable income fell... on an individual basis fell from 11,500 euros in 2012 to 9,015 in 2017, a drop of 22 percent. Total income tax
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Newsletter 239 -14/02/2020
year except for 2014. Total hirings came to 177,632 versus 194,950 departures. Around 59 percent... bln to Dec Figure for new debt drops by 26.7 percent compared to 2018 The total for new and legacy... categories showed a rise of 1.03 billion month-on-month in December, bringing the total to 7.50
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Post-Covid era dawns on new landscape for bad debt in Greece
EconomyFeatures(the ratio of bad debt to the total stock of debt) reached its lowest point on record at 5.2 pct... of the total at the end of 2018. Cleaning up the banks’ balance sheets became a policy priority... their balance sheets of 9.3 billion euros of non-performing consumer loans (61 pct of the total
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Eurobank gears up for crucial but contentious capital increase
EconomyBanking. The total amount of the two transactions completed in late March and the two upcoming equity offerings... a share capital increase that will ensure its capital adequacy but which has many opponents due...) at Eurobank approved on April 12 a capital increase of 2.86 billion to address its 2.95 billion capital
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Greek banks' equity raising could keep official support to a minimum
Economytheir capital base by around 9.7 billion in total from private investors, of which 3.5 billion relates.... The remaining 2 billion to cover the total capital needs of 4.6 billion will be covered by the HFSF... million. NBG has called an EGM on November 17 to approve a total capital strengthening by 4.6 billion
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Bank of Greece decision bolsters Greek lenders’ capital ratios
EconomyMacroeconomyrecognition. The total DTA consideration is worth 9.3 billion euros and the remaining DTA to be recognised... on their capital ratios effective in the fourth quarter of 2013. The banks’ index jumped 2.4 percent... exercise (disclosed on December 16), which provided updated capital data according to uniform
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