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Greek banks' equity raising could keep official support to a minimum
Economytheir capital base by around 9.7 billion in total from private investors, of which 3.5 billion relates.... The remaining 2 billion to cover the total capital needs of 4.6 billion will be covered by the HFSF... million. NBG has called an EGM on November 17 to approve a total capital strengthening by 4.6 billion
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Bank of Greece decision bolsters Greek lenders’ capital ratios
EconomyMacroeconomyrecognition. The total DTA consideration is worth 9.3 billion euros and the remaining DTA to be recognised... on their capital ratios effective in the fourth quarter of 2013. The banks’ index jumped 2.4 percent... exercise (disclosed on December 16), which provided updated capital data according to uniform
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What the ECB's latest decision on ELA and collateral haircuts means for Greek banks
Economyof total ELA-eligible collaterals, at 45 and 30 percent of total respectively. Taking into account the breakdown of total collateral by type, the collateral poll is almost equally split between state..., the total figure stands at 115 billion. Assuming an average haircut of 40 percent, the nominal
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Business landscape dominated by SMEs, six in 10 workers earn below 1,200 euros
EconomyMacroeconomyof companies employing between 1-10 employees, with 267,245 companies out of a total of 304,568 registered companies in 2025. The total number of companies increased in 2025 by 3,454. Another 10.4 pct... 15 pct of the total. Another 11 pct of total employees is employed by firms with 5-9 workers. Some
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Where Greek banks stand ahead of capital needs disclosure
Economyof the Blackrock loan diagnostic and their individual capital needs. Reports indicate that the total... the rounds in the last few months. Same reports point to higher capital shortfalls for Eurobank and National... in their business plans until 2017. The capital needs will reportedly be based on the baseline (rather than
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OECD advocates closer look at health and capital quality of Greek banks
EconomyBankingwill bring in reducing NPEs by 30 billion euros, 40 pct of the total, by using 12 billion euros... come about in the Greek financial sector. Deposits have increased by 21 pct since 2017, capital... provisions for the stock of bad loans, the return on assets is improving. Capital ratios are also above
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Piraeus Bank raises 1.38 bln in share capital increase
EconomyBankingcombined, the bank said last month that the total capital benefit would be as much as 2.6 billion euros...Piraeus Bank completed its 1.38 billion euros share capital increase, pricing its new shares...”. The capital increase is a central plank of Piraeus Bank’s balance sheet clean-up plan, which includes a raft
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PM gets no change out of opposition leaders on US trip, electoral law
PoliticsGreek Politicswith Libya or any other actions that Athens deems provocative. Tsipras, though, went a step further
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PM brings law and order back onto agenda as foreign policy issues dominate
PoliticsGreek Politicsfuror over Greece’s exclusion from the Berlin Conference on Libya, much of the political debate
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Athens mulls next move after Ankara writes to UN over maritime boundaries
PoliticsForeign Policyin Syria and with Libya. Foreign Minister Nikos Dendias tweeted on Sunday that “Greece, united
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