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  1. New twist in Hellinikon saga as Lamda goes it alone
    Image via www.thehellinikon.com

    Economy

    , will not proceed. This means that Lamda Development will launch a 650-million-euro share capital... of the total capital increase, 467 million euros will be used to cover the deposit of 300 million once... million for working capital and 10 million to cover expenses related to the previous share capital

    4%
  2. IMF consultation report pinpoints health of Greek banks as central to growth
    Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]

    EconomyBanking

    of capital remains weak, dominated by deferred tax credits (DTCs) de facto not providing loss... generate capital internally. The efforts to restructure loans had limited impact due to a combination... Greece closer to the euro area average by end-2021. Banks should build and clean up capital

    4%
  3. NBG reports net profits of 171 mln in Q3, NPE’s fall on loan sales
    Photo by MacroPolis

    EconomyBanking

    , stemming from further funding cost optimisation. Capital Pro forma for 9M’s net profits and impact of agreed divestments, the CET1 ratio stands at 16.8 percent with the Total Capital ratio at 17.7 percent. Both ratios are above SREP capital requirements for 2019 and 2020, with the recent increase supported

    4%
  4. Piraeus Bank posts net profit of 44 mln in Q3 from continued operations
    Image via www.piraeusbank.gr

    EconomyBanking

    percent. Overall deposits stood at 45.17 billion euros in 9M 2019. Capital The pro-forma CET1 ratio as of Q3 2019 was 14.4 percent, while pro-forma total capital, including the Tier II issue, came to 15.3... strengthen the CET1 and total capital ratio at 15.1 percent and 16.0 percent respectively. Commenting

    4%
  5. BoG sets out positives and next steps for economy, forecasts 2.4 pct growth in 2020
    Photo by MacroPolis

    Economy

    , which led to the capital controls being fully lifted on September 1, there is a notable increase... improved significantly compared to 2018, while capital adequacy remains satisfactory, at 15.9 percent CET1 and 16.9 percent capital adequacy ratio. Banks have managed to reduce NPEs by 10.6 billion

    4%
  6. Fitch raises Greece to 'BB,' two notches from investment grade, sees growth at 2.5 pct in 2020
    Photo by Panayotis Tzamaros/Fosphotos

    Economy

    of Kyriakos Mitsotakis has made “swift progress” in reducing taxes on labour and capital and addressing... and macro environment allowed the complete lifting of capital controls in September of 2019 and deposits inflows improved the liquidity and funding profiles of the domestic lenders. The banks’ capital base

    4%
  7. EU's temporary framework for state aid in response to Covid-19 outbreak

    Legal

    cover immediate working capital and investment needs. Safeguards for banks that channel State aid... are able to grant State guarantees relating to both investment and working capital loans at relatively.... This upper-limit can be very important given that the capital needs of some companies might exceed

    4%
  8. NBG results show net profits of 409 mln euros on strong trading income in Q1
    Image via www.nbg.gr

    EconomyBanking

    the Entrepreneurship Fund II (ΤΕPΙX-ΙΙ), state-guaranteed new working capital and subsidised interest rate payments. Capital The CET1 ratio stands at 15.5 percent, absorbing total anticipated Covid-19... noted that the total capital ratio at 16.4 percent provides a capital cushion of around 490bps

    4%
  9. Newsletter 253 -05/06/2020

    Newsletters

    . The GDP movement in Q1 was largely driven by gross fixed capital formation declining by 8.4 percent QoQ, while gross capital formation rose by 3 percent compared to Q4. Imports of goods and services... by gross capital formation dropping by 5.1 percent while gross fixed capital formation dropped

    4%
  10. Alpha seals bad loans sale deal, lenders brace for NPE management in Covid-19 era
    Bank of Greece

    EconomyBanking

    in terms of capital and liquidity and is fully consistent with the Strategic Plan announced by Alpha Bank... into an agreement with Bain Capital Credit for the sale of a non-performing secured corporate loan portfolio code... amounts to 21 percent of the principal amount and the transaction has a neutral capital impact, NBG

    4%