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  1. Greek stocks down 5.1 pct over week as investors remain cautious

    Economy

    time, investors appear extremely concerned about banks’ capital needs and recapitalisation process... in the previous week, indicating the weakest activity in the post capital controls period. All trading... Organisation (OTE) rating at Caa2 with a stable outlook. The Hellenic Capital Market Commission (HCMC

    3%

  2. Piraeus Q3 trading update shows significant acceleration in NPL formation
    Photo by MacroPolis

    EconomyBanking

    bond swap offer, with the bank aiming to strengthen its capital base by up to 585 million in case all... in the aftermath of capital controls. On a positive note, the bank said the interbank repo activity... they will be announced shortly after the release of their capital needs by the Single Supervisory

    3%

  3. Credit contraction slows to 1.5 pct in Sept on marked drop in corporate loan deductions

    EconomyMacroeconomy

    programme was fuelled by the imposition of capital controls in late June, leading to a recession in 2015... Single Supervisory Mechanism (SSM) will announce Greek banks’ capital needs on October 31, while capital increases will follow. A successful completion of the bank recapitalisation process coupled

    3%

  4. Marginal changes in loan and deposit rates in Sept

    EconomyMacroeconomy

    in the domestic market with the four systemic banks reducing interest rates after the imposition of capital.... The roll-over of time deposits is prohibited due to the capital controls, unless the automatic... of capital controls, it was the highest in the eurozone. Overall, the weighted average rate on total new

    3%

  5. Coalition in rush to wrap up pending bailout issues
    Photo by Peter Panter via Flickr https://flic.kr/p/4CtprB

    EconomyProgramme

    in a segregated account in Luxemburg. Greek banks are starting the book building process to raise capital from private investors but at least two banks are expected to seek official capital support to cover their capital shortfall under the adverse stress test scenario. New prior actions According

    3%

  6. Q3 GDP slips 0.9 pct QoQ on lower private consumption and investment

    EconomyMacroeconomy

    . Investments Gross fixed capital formation dived 7 percent QoQ in Q3, yet at a slightly slower pace compared to the 8.9 percent fall in Q2, amid capital controls. The YoY drop rate markedly accelerated... 5.9 percent in Q2 largely reflecting the impact from the imposition of capital controls. The breakdown

    3%

  7. S&P upgrades Greece’s rating by one notch, sees compromise on pension reform by March

    Economy

    by consumption despite two general elections, referendum, imposition of capital controls and further... banks, to eventually require capital support, it also highlights that the recent recapitalization has.... However, S&P anticipates only gradual lifting of capital controls including withdrawal limits

    3%

  8. Current account deficit falls to 780 mln in Dec and 7.5 mln in 2015

    EconomyMacroeconomy

    banking system due to the capital controls. Excluding oil and ships, exports of goods rose by 4.6...’ surplus by 6.9 percent in 2015 is attributed to lower net transport receipts amid capital controls... mainly reflecting an inflow of 350 million related to Fairfax’s participation in Eurobank capital

    3%

  9. Newsletter 64 - 26/02/2016

    Newsletters

    are covered by the banks’ accumulated loan loss provisions. Following capital strengthening in November, Greek banks’ pro-forma Common Equity Tier 1 (CET1) and total capital adequacy ratio reached 18 percent... gave an adequate capital buffer to absorb the negative impact from increased future provisions

    3%

  10. Loss-making Q4 and 2015 for Alpha, targets positive bottom-line in 2016
    Photo by MacroPolis

    EconomyBanking

    to deposit ratio to 147 percent in Q4 from 154 percent in Q3. On the capital front, following the capital... anticipates that the lifting of capital controls within 2016 will trigger the return of around 7

    3%