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Greek primary surplus shrinks by 1.7 bln in Dec as revenues miss 2014 target by 3.1 bln
Economymillion lower than the preliminary figure published on January 14. As already evident in the preliminary... by 15.4 percent in December ending the year up 2 percent to 20.46 billion, 932 million short of target.... The PIB showed a deficit of 1.48 billion in December on seasonal expenditure of 2 billion, while
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The government decisions that could shape the future of Greek banks
Economy. HFSF currently holds: 1) a minority stake in Eurobank (35.41 percent) and 2) a majority stake... Deputy CEO for 14 years until 2013, while Karavias was one of the bank’s senior general managers... of this intervention was estimated at 2 billion euros. Since further details have not been disclosed
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Piraeus Bank net losses at 332 mln in Q4 2014, NPLs drop under 39 pct
EconomyBankingincreased by 11 percent QoQ in Q4, while loan NII fell 2 percent. The double-digit rise in operating... of seasonal agricultural loans in December (that were fully repaid in February), gross loans slipped 2... showed ELA funding at 14.5 billion and ECB funding at 14.7 billion, almost entirely made up by 14 billion
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Newsletter 21 - 27/03/2015
SYRIZA had initially predicted the new tax would return 2 billion less in revenue and has refrained... note that the tendering process for a 40-year concession for the use, operation and management of 14... in January year-on-year. 2 Anomie flows from the top Many citizens are confounded by the behaviour
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Newsletter 22 - 03/04/2015
that were issued last October and mature on April 14. Due to the Greek Easter bank holidays... figures mark a third straight month of decline. 2 Overcoming the conceptual gap Time, goodwill.... The government expects these measures alone to produce at least some 2 billion euros of the 4.6 to 6.1 billion
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Newsletter 40 - 28/08/2015
to be included The Eurogroup statement of 14 August confirmed the government’s pledge to take decisive... for the stress tests (under the baseline scenario) while the final templates are due by 2 September... in final consumption and a fall in imports. 2 Tsipras goes TINA Promises have less currency in the third
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Newsletter 45 - 02/10/2015
indicate that it may be split in two subtranches of 2 and 1 billion, respectively, meaning that two... contribution to covering the remaining capital needs. The Eurogroup statement of 14 August, as well... Sentiment in September saw the biggest rise in 13 years. 2 Not a winter for ineptness Country must
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Greek stocks up by 1.3 pct this week on banks’ 12.4 pct rebound
Economyreopened after the imposition of capital controls, it has recorded losses of 14 percent. Banks... by 4 and 2 percent quarter on quarter (QoQ) respectively, while operating expenses increased by 1... a yield of 2 percent. Hellenic Petroleum announced a 5-year business plan targeting EBITDA of 650 million
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Eurobank makes 877 mln bond exchange offer to cover part of its capital shortfall
EconomyBankingbank bonds. The offer relates to 532 million senior bonds, 267 million Tier 2 securities and 78... percent of nominal value for senior securities, at 80 percent for Tier 2 and at 50 percent for Tier 1... of November. According to Reuters, total capital needs are seen at around 14 billion, while the amount
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Greek banks' capital actions underway, state aid seen as low as 4.7 bln
Economystate aid. The Extraordinary General Meeting (EGM) held on November 14 also approved a reverse split... as the bail-in of securities, meaning that the bank would seek state aid of 2 billion to cover its... around 2 billion would be in the form of CoCos and 0.7 billion in common shares. The book building
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