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Banking system showed deposit inflows for second straight month, at 531 mln in Sept
EconomyMacroeconomyon Tuesday. The recorded inflows of around 1 billion over the past two months largely reflect... a net amount of 199 million. Following the net inflows of around 1 billion in the last two months... - rebounded by around 1 billion to 140.36 billion in September. This is the lowest reading since December
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The key points in Greece's new bank recap bill
Economyframework: 1) A bank that has been deemed viable by the Bank of Greece (BoG) may apply to the Hellenic... is allocated among preference shares and other Core Tier 1 (CET1) instruments, Tier 1 instruments, Tier 2
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Piraeus Bank reveals mitigating actions aimed at reducing size of capital increase
EconomyBankingthat would be approved by the SSM. The list of Piraeus capital actions includes: 1) Two Liability... million relate to senior bonds and 225 million to junior bonds. 2) Increase of Common Equity Tier 1... by the SSM stands just above the 1 billion mark with 60 percent corresponding to the LMEs. Thus, under
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This is what the ECB’s comprehensive assessment tells us about Greek banks
Agora. Capital needs From a starting point of Common Equity Tier 1 (CET1) capital of 25.8 billion in June... 1 billion in the baseline and 16 billion in the adverse stress test. This resulted in a capital... by almost 7 percent in the 2015-2017 period in the adverse scenario compared to a modest drop by 1 percent
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Eurobank presents 2.12 bln equity raising plan to cover capital needs
EconomyBanking) and 78 million to Tier 1 securities (at 50 percent). As we have previously noted, Eurobank could... (1:100) will take place concurrently with the capital increase. This is inevitable since the current... a tangible book value (TBV) of 3.52 billion with a phased-in Common Equity Tier 1 (CET1) ratio of 12.1
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Greece passes latest omnibus bill, looks to next actions ahead
EconomyProgrammeactions for the disbursement for the second sub-tranche of 1 billion, euros has not been defined yet. However, it is widely rumored that it will involve: 1) A comprehensive solution on the management... targeting the pledged cost savings of 1 percent of GDP in 2016 including cuts in pension above a threshold
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Alpha, Eurobank raise 4.6 bln in private capital: Here's exactly what it means
Agorawill be announced at a later stage, the bank said. In addition, Alpha will also conduct a reverse split (1:15) since... timetable, new Eurobank shares will begin trading on December 1. In addition, a temporary suspension... split (1:100). The sharp drop in HFSF participation in both banks was expected since the amount
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Government tables 2016 budget, upgrades GDP forecasts but leaves fiscal estimates unchanged
EconomyMacroeconomysessions. The discussion in the plenary is scheduled to start on December 1 and the budget is due... in 2016. This signals a revenue growth of 1 percent in 2016. Direct taxes are seen down 7.3 percent.... In absolute terms, this corresponds to incremental revenues of 1 billion in 2015 and 3.2 billion
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Notable increase in grants to social security sector leads to budget primary deficit in Nov
Economyfar this year, and also stands almost 1 billion above the monthly target. Salaries and pensions.... These mainly relate to: 1) Grants to Seamen’s Pension Fund – NAT (at 76 percent of the FY target of 1
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Coalition poised to unveil pension reform proposals, hoping to avoid cuts
EconomyProgrammethose paying social security contributions as well as pensioners, include: 1) Consolidation of all... system. The third memorandum of understanding (MoU) calls for pension cost savings of 1 percent... per month. The government’s plan includes a 1 percent increase in the current social security
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