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Fitch puts Greek banks' capital needs between 11.2 and 15.9 bln
Economyof July 12 for Greek bank recapitalisation should be sufficient unless deferred tax assets (DTA) cease... to continue to qualify as core capital. 5) Target Common Equity Tier 1 (CET1) ratio at 12 percent... of 12 percent would help Greek banks to restore confidence enabling them to provide credit to the real
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Finance Ministry targets 3 bln from unpaid taxes
EconomyMacroeconomyat just 9 billion euros, corresponding to 11.6 percent of total outstanding tax debt. Note that SYRIZA... noted that today’s figure of 9 billion is based on actual data, while earlier forecasts were based on SYRIZA’s estimates. The effective unpaid tax debt of 9 billion mainly involves obligations
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Greek banks conclude series of corporate actions as part of restructuring
EconomyBankingit had issued on December 9, 2015, which were held by the Hellenic Financial Stability Fund (HFSF... Supervisory Mechanism (SSM). It is worth noting that NBG paid on December 9 to the HFSF 165 million euros... to the accrued income of CoCos for the December 9–14 period. On December 30, NBG announced it entered
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NBG reports net loss of 163 mln in 2017, bad loans continue to fall
EconomyBankingis expected to drop to around 170 bps over the course of 2018. IFRS 9 As part of the new IFRS 9 implementation Greek banks are expected to increase provisions by roughly 6 billion euros. NBG noted that IFRS 9
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Alpha Bank makes loss of 52.9 mln in Q2, reaching profit of 12.3 mln in H1
EconomyBankingmanifested in a negative impact of 9 million euros. On an aggregate basis, NII fell by 7.5 percent to 903...), which offset a reduction from period results (-10 bps) and AFS reserves (-9 bps). The bank noted... in to account the 5-year amortisation for the implementation of IFRS 9. Alpha Bank’s CEO Demetrios P
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Summit to usher in a new stage of EU-China relations
AgoraThe upcoming EU-China summit in Brussels on 9 April will have a lavish menu, for sure. China... the cohorts of reporters will be on the lookout for on 9 April. But the real outcome of the meeting...”, despite their strategic partnership in certain areas. Which is what the 9 April summit will most
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General govt primary cash surplus at 2.91 bln in Feb, arrears rise by 83 mln
EconomyMacroeconomy) and purchases of goods and services (-9 million euros). Arrears Arrears to the private sector (including... and stood at roughly 9 million euros in February. Bank support remained unchanged for an eighth month.... Bank-related guarantees fell to 400 million in November, of which ELA guarantees constitute 9
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BoG awaits go-ahead from DG Comp over NPL scheme
EconomyBankingin DTCs as a cushion. This effectively means that they pay 9 billion euros for debt with a nominal value... are to be submitted by September 9 and the bank aims to close the deal by the end of the year. Alpha Bank's... to more than 9 percent of the principal portfolio amount and is capital accretive to NBG (based on Q1
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Loan interest drops to 4.59 pct in September
EconomyMacroeconomycorporations came to 4.59 percent in September, down 9 basis points (bps) from the rate of 4.68 noted... rate to small and medium-sized enterprises (SMEs) rose by 9 bps to 3.90 percent. Deposits... on deposits from households with an agreed maturity of up to one year decreased by 9 bps to 0.45
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Newsletter 251 -22/05/2020
than 9 in 10 respondents were in favour of strict health checks on travellers, a measure... in the domestic market was driven by a fall in manufacturing of 9 percent. Greece’s industrial turnover fell.... The drop in the domestic market was driven by a fall in manufacturing of 9 percent, while mining
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