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Fitch puts Greek banks' capital needs between 11.2 and 15.9 bln
Economyto be counted as core capital. Fitch examines two scenarios in its July 24 report to determine Greek banks’ capital needs, which are projected at 11.2 and 15.9 billion euros respectively under... to continue to qualify as core capital. 5) Target Common Equity Tier 1 (CET1) ratio at 12 percent
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Eurobank makes 877 mln bond exchange offer to cover part of its capital shortfall
EconomyBankingsecurities. According to the terms of the exchange offer, the part of the upcoming capital increase... would be equal to the issue price of the share capital increase. Our understanding is that the maximum capital boost for Eurobank from the LME could reach 750-780 million. The offer period is expected
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Capital controls to be abolished ahead of schedule
EconomyBankingwith the full lifting of the capital controls that have been in place in Greece since the summer of 2015. Speaking in parliament at the start of the week, Mitsotakis said that the damaging capital controls... and banking system”. The lifting of capital controls had been indicated in New Democracy’s election campaign
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Piraeus and Alpha forge ahead with share capital raises and securitisations
EconomyBankingcapital increase of 1.38 billion euros, following a three-day book-building process that priced the 1.2... that will proceed with a share capital increase of 800 million euros. The Extraordinary General Meeting... pct of the share capital has declared its intention to participate in the share offering
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Greek banks' potential capital shortfalls set to be reduced by more than 2.5 bln
Economyin order for the resulting capital benefits to banks to be incorporated in the ECB-EBA stress tests. According to our initial estimate a month ago, the capital cushion would reach 2.3 billion euros... Equity Tier 1 (CET1) capital. The new legislation related to the conversion of DTA to tax credit, which
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What capital controls will mean for Greek banks, customers and the economy
Economyof capital controls via a legislative decree. During the bank holiday, which may later be extended.... The legislative decree clarifies that pension payments are excluded from capital controls, with further... interbank transfers · Ban on movements of capital offshore · Potential restrictions
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Capital controls to ease further from the beginning of September
EconomyMacroeconomySeptember 1 as part of government moves to further relax the capital controls in place since 2015... to the relevant customs authority. The measures were announced just over two years after capital controls... to gradually lift capital controls in light of improving macroeconomic conditions in Greece. In May
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Capital controls to be loosened further, restrictions on foreign cash removed
EconomyMacroeconomyAdditional measures to ease the capital controls in place in Greece since 2015 were announced... Tsakalotos had approved a decree which sets out several steps to loosen capital controls. It aims... of a roadmap to ease and eventually lift capital controls, announced on May 17, 2017. The roadmap
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BoG sees ample capital space for banks to sell bad loans
EconomyBankingsales of bad loans based on the current capital adequacy in the categories of consumer... of the capital base, changes in provisioning as part of IFRS 9, the upcoming stress tests and the potential capital needs from the implementation of the Minimum Requirements Eligible Liabilities
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New measures to ease capital controls, lift restrictions on opening bank accounts
EconomyMacroeconomyAdditional measures to ease the capital controls in place in Greece since 2015 were announced... capital controls as part of a roadmap to ease and eventually lift the restrictions, announced on May... or natural, for the first time since capital controls were imposed. It will also be possible to add a co
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