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Greek banks complete book building: A recap of where we stand
Economyparticipation has been completed. Alpha and Eurobank covered their total capital needs without any state aid... round of Greek bank recapitalisation for each bank Alpha The bank’s total capital needs (under..., the bank raised capital of 1.55 billion euros from the book building process, bringing the total
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Banks focus on defining challenge of reducing NPEs
EconomyBanking, with a ratio of just over 21 percent from a third of the total loan portfolio last December. For Alpha... euros of total NPE reduction, while the effort of meeting the final target will be led by sales... of a portfolio of retail unsecured non-performing loans. The total outstanding aggregate balance
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Greek bank capital increases: A breakdown of what has been achieved
Economyof the Hellenic Financial Stability Fund (HFSF) raising a total of 8.31 billion from private (primarily... capital increase this month, raising 2.5 billion on May 9. The transaction was reportedly two times... the announcement of capital needs by the Bank of Greece (BoG). They completed capital increases of 1.2
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Greek banks' capital backstop and the funding gap: An uneasy relationship
Economya total of 3.1 billion or 14 percent of capital needs from private investors, exceeding the 10 percent... period of uncertainty regarding the bolstering of their capital base and ability to raise fresh money... the stability of the Greek banking system through the strengthening of banks’ capital adequacy. Its scope does
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National Bank follows other Greek lenders' by opting for capital increase
EconomyBankingequity raising of 2.86 billion. In total, the four core banks are seeking to draw 8.31 billion from... an Extraordinary General Meeting for May 10 to approve a capital increase of up to 2.5 billion euros. NBG... banks’ capital needs - that its capital plan “will address the capital needs without raising new equity
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Newsletter 191 -25/01/2018
), which estimates pension payments on a monthly basis, showed that a total of 4.5 million pensions were paid in September 2018. The total sum involved came to 2.30 billion euros. The bulletin excludes... paid out. Out of the total number of pensions paid, 2.8 million relate to main pensions, 1.2 million
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Parties' competing tax pledges come up against challenging reality
EconomyFeaturesand their practical feasibility. Tax base A total 8,907,722 individuals declared income in the tax year 2017... an increase of 7 percent in the number of declarations over 2012. However, total taxable income fell... on an individual basis fell from 11,500 euros in 2012 to 9,015 in 2017, a drop of 22 percent. Total income tax
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Newsletter 239 -14/02/2020
year except for 2014. Total hirings came to 177,632 versus 194,950 departures. Around 59 percent... bln to Dec Figure for new debt drops by 26.7 percent compared to 2018 The total for new and legacy... categories showed a rise of 1.03 billion month-on-month in December, bringing the total to 7.50
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Post-Covid era dawns on new landscape for bad debt in Greece
EconomyFeatures(the ratio of bad debt to the total stock of debt) reached its lowest point on record at 5.2 pct... of the total at the end of 2018. Cleaning up the banks’ balance sheets became a policy priority... their balance sheets of 9.3 billion euros of non-performing consumer loans (61 pct of the total
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Eurobank gears up for crucial but contentious capital increase
EconomyBanking. The total amount of the two transactions completed in late March and the two upcoming equity offerings... a share capital increase that will ensure its capital adequacy but which has many opponents due...) at Eurobank approved on April 12 a capital increase of 2.86 billion to address its 2.95 billion capital
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