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Piraeus Bank raises 1.38 bln in share capital increase
EconomyBankingcombined, the bank said last month that the total capital benefit would be as much as 2.6 billion euros...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
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A return to capital markets for Greek banks but no return to domestic lending
Agoraof the total loan portfolio now surpasses 38 percent. This requires an ever increasing level of loan impairment... 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
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Newsletter 220 -20/09/2019
the consortium, which were held in good faith and cooperation, as the company stresses. Out of the total capital... at 45.4 percent of total loans, down from 47.2 percent. After coming to power in July, New... in European Central Bank (ECB) funding, bringing the total to 8.21 billion euros, while Emergency
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Chasing investment, the Greek dream
Agoradominates gross fixed capital formation having jumped from 33 percent of the total to 52 percent... period, total spending on investments increased again to a peak in 2007 that exceeded 17 billion... of construction represented 70 percent of total spending. This was dominated by house building, which ranged
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Newsletter 53 - 27/11/2015
institutional book buildings, raising a total amount of 5 billion euros and boosting their capital base... that Alpha and Eurobank will have covered their total capital shortfall, while NBG and Piraeus will have to seek state aid worth 5.7 billion in total. Despite the successful outcome of the capital
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Where did all the money go?
AgoraThe total amount of loans the eurozone and the International Monetary Fund supplied to Greece... total stands at 31.9 billions (18 percent of GDP). These are staggering figures: No other nation has..., provided a total of 24 billion euros of own financing. There seems to be a general misconception
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Greek 2016 draft budget contains 6.4 bln in new fiscal measures, sees recession ahead
EconomyMacroeconomyis attributed to the delay in the payment of two property tax (ENFIA) instalment of a total amount... interventions agreed in the context of the last MoU. The total fiscal impact stands at 6.38 billion... a total of almost 4 billion in the 2-year period making up 62.4 percent of the anticipated fiscal impact
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Greece stands on fault line between vicious and virtuous cycles for 2016
Agorainterest bill is below 6 billion. In total, Greece needs 13.2 billion euros to meet all its debt... the largest IMF installment of the year at 876 million, which leads to a total figure of IMF obligations.... The total figure for the first two months of the year is approximately 1.7 billion euros. March
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A closer look at the composition of Greece's bad loans
EconomyBankingtotal performing exposures remained unchanged at 12.6 percent. From the total NPE stock of 108..., from a total of 9.37 million, relate to NPEs. This number is extremely high, taking into account... coverage ratio stood at relatively low levels at 50 percent of total exposures. In specific, the ratio
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The race to reduce Greece's bad loans
EconomyBankingto around 6 percent of the total outstanding principal amount, will be capital accretive adding..., the SSM is expected to put the total of NPLs at around 20 percent of total loans and down to single... to December 2017. The total volume of NPLs was reduced by 1.1 billion QoQ. During the quarter, corporate
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