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ECB set to provide extra liquidity to Greek banks but capital needs remain an issue
Economy-performing loans (NPLs), despite capital enhancement and progress with their restructuring plans... could reveal further capital needs, particularly if the positive effect from restructuring measures... capital gaps privately rather than tapping the Hellenic Financial Stability Fund (HFSF
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The alternative of (tax-based) capital controls for Greece
Agorawith the rest of the EZ cannot be reached soon. A more probable outcome is the imposition of capital controls with the discontinuation of ELA. These capital controls would provide ample time for the Greek... or outside the euro. More likely, capital controls could end up being long-lasting in the case of Greece
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Card transactions in Greece experience boost due to capital controls
EconomyBankingin Greece experienced notable growth in recent years. The capital controls introduced in the summer... traditionally dominated. The data showed that in the year that capital controls were introduced... of card transactions before and after the introduction of capital controls and in the years following
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Alpha, Eurobank raise 4.6 bln in private capital: Here's exactly what it means
Agorathe form of voluntary bond swap offer to its bondholders. Since the LME resulted in a capital.... Overall, the equity raising of 2.56 billion euros fully covered than bank’s capital needs under... the ECB’s Single Supervisory Mechanism (SSM) approved capital mitigating actions totaling 180
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BoG urges banks to improve quality of capital, re-doubles SPV efforts
EconomyBankingportfolio and the composition of the capital structure that largely constitutes of deferred tax credits... reflected positively on the country’s banking system, leading to the complete lifting of the capital.... The deposit base is also improving as deposits return. The lifting of capital controls is expected
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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
EconomyBankingcome 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...-performing exposures (NPE), the quality of the capital base and low profitability. The pandemic only came
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Piraeus Bank raises 1.38 bln in share capital increase
EconomyBankingPiraeus 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... capital enhancements, including the carve-out and sale of the bank’s cards merchant acquiring
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A return to capital markets for Greek banks but no return to domestic lending
Agoraof foreign investors' interest for bond placements and capital-raising initiatives. First, Piraeus Bank... international capital markets in 2009. In a second move both Alpha Bank, Greece’s fourth-largest lender... capital from foreign investors this week. More specifically, Piraeus raised 1.75 billion euros of equity
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Bond issued for capital support of Greek banks in 2009 reaches maturity
Economyof Understanding with the troika, the Greek government passed a bank liquidity and capital support bill (Law 3723/2008). This consisted of two pillars: The first related to capital enhancement of up... billion euros. The capital support for banks was implemented as a capital increase with the issue
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