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Piraeus eyes major NPE deal as banks remain focused on bad loans
EconomyMacroeconomyto address its non-performing exposures (NPEs). The deal will also increase its capital and reduce... of the 500 million euros Tier II issue that the bank has planned to raise capital as part of its..., it is expected to significantly improve Piraeus Bank’s capital position while reducing operating
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BoG and HFSF schemes under scrutiny as banks look for a way forward on bad loans
EconomyBankingit will mean a reduction in regulatory capital as banks will need to write off deferred tax credits... losses from DTCs from their balance sheets without the obligation to raise capital for the State... reduction in NPEs is anticipated under the scheme while capital adequacy is maintained for all four
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Newsletter 220 -20/09/2019
a 650-million-euro share capital increase that will cover the initial financing requirements of the project... the consortium, which were held in good faith and cooperation, as the company stresses. Out of the total capital... for working capital and 10 million to cover expenses related to the previous share capital increase
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GDP falls by 0.7 pct QoQ in Q4 and increases by 1.9 pct in 2019
EconomyMacroeconomywas largely driven by gross capital formation declining by 9.7 percent QoQ, while gross fixed capital formation rose by 6.7 percent compared to Q3. Compared to Q4 2018, gross capital formation dropped... percent of GDP. Investment As noted previously, in Q4 gross fixed capital formation rose by 6.7 percent
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Piraeus Bank posts net loss of 232 mln in Q1 due to Covid-19 impact
EconomyBankingholding company listed on the Athens Stock Exchange. Capital The pro-forma CET1 ratio as of Q1 was 13.2 percent and total capital ratio at 15.2 percent. Management noted that the loss making result... for the reduction of the capital ratios. The fully loaded CET1 and total capital ratio stood at 10.8
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BoG stresses more work needed on NPE reduction, pushes bad bank idea
EconomyBankingcombined with concern over the quality of banks capital base due to high reliance on deferred tax... of banks to create new capital due to low profitability, which most likely will adversely affect the portion of deferred tax credits (DTC) on regulatory capital, currently standing at 75 pct. Bad bank
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Piraeus Bank posts pre-tax losses of 215 mln in H1
EconomyBankingimproved to 83 percent versys 85 percent a year earlier. Capital The Common Equity Tier 1 (CET1) ratio of the group in H1 came to 14 percent, while total capital stood at 16 percent. Fully loaded CET1 and the total capital ratio stood at 11.5 percent and 13.5 percent, respectively. Pro-forma
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All eyes on Piraeus as share price tumbles amid coupon payment concerns
EconomyBankingthe crisis, HFSF holds roughly 40 pct of the share capital in National Bank of Greece, 26.4 pct... led by John Paulson, repeated their proposal of a share capital increase of 800 million euros, before... capital increase would exclude the state and the holding of HFSF would be significantly diluted
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GDP rises by 4.4 pct QoQ in Q1 and falls 2.3 pct YoY
EconomyMacroeconomywas largely driven by a 19.1 percent increase in gross capital formation, and a 4 percent increase... capital formation -- or capital investment -- growing a more modest, though still impressive 3... percent), while gross capital formation dropped 19 percent. Gross fixed capital formation increased
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BoG cautiously optimistic on economy and banking sector
Economyremains one of the strongest pillars of Greece’s recovery. Profitability, liquidity, and capital.... Capital ratios also remained solid: the Common Equity Tier 1 stood at 15.8 pct and total capital at 20.4.... To bolster resilience, it raised the countercyclical capital buffer by 0.25 percentage points. BoG’s
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