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Bank framework paves way for Eurobank capital increase, gives HFSF flexibility
EconomyBankingby the Bank of Greece (BoG) of 262 for Alpha and 425 million for Pireaus, which is by far the least... in the short-term. The lender’s capital needs were determined at 2.95 billion by the BoG. The Hellenic
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Building activity continues to crumble, falling by 20.7 pct in Feb
EconomyMacroeconomybanks’ recent stress tests conducted by the BoG assumed a 6.2 percent drop in residential house... is similar to that of the BoG.
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Greek bank capital increases: A breakdown of what has been achieved
Economythe announcement of capital needs by the Bank of Greece (BoG). They completed capital increases of 1.2... banks was mainly targeting the capital needs of 6.4 billion determined by the BoG. This applies
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April saw first rise in Greek banks' Eurosystem funding this year
EconomyMacroeconomyGreek banks’ Eurosystem funding increased by 1.27 billion in April, showing a monthly rise for the first time since December 2013, according to the Bank of Greece's (BoG) monthly financial statement... by the BoG in August 2011 as a last resort funding to assist Greek banks’ access to liquidity. Its
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Greece's C/A deficit for March drops sharply to 44.4 mln
EconomyMacroeconomyGreece's March current account (C/A) deficit shrank to 44.4 million from 1.24 billion last year, according to the Bank of Greece (BoG). The sharp drop mainly reflects a substantial rise... will ease to 0.2 percent of GDP in 2014 and rebound to 0.8 percent in 2015. The BoG is more optimistic
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Greek deposits edge up for second month in April, reach 161.3 bln
EconomyMacroeconomyGreek private sector deposits increased 0.2 percent month on month (MoM) in April, with balances reaching 161.3 billion euros, according to the Bank of Greece (BoG). The net flow remained positive... year to date to 62 billion at the end of April from 73 billion at the end of 2013. Citing BoG
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Greek credit contracts again in April but at slightly lower rate of 3.7 pct
EconomyMacroeconomyof Greece (BoG). Monthly net deductions slightly slipped to 674 million in April from 729 million in March... flow coupled with banks’ ongoing deleveraging. Although the BoG has not yet released the year-end
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IMF report sees a number of risks lying ahead for Greece
EconomyProgramme, according to the IMF. The Bank of Greece (BoG) estimated capital needs at 6.4 billion under... stress tests. In addition, the IMF says that the BoG may need to go beyond the minimum accounting
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Greek building activity drop decelerates to 16 pct in March
EconomyMacroeconomyto the Bank of Greece (BoG). Housing credit contraction is mainly due to heightened non-performing loans... for the continued drop in apartment prices. The respective BoG index shows a cumulative decline of 34.7
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HFSF 2013 annual report unveils accumulated losses of 15.1 bln and potential recovery value of 34.4 bln
EconomyBanking“Efimerida Syntakton” indicated on Saturday that the new Bank of Greece (BoG) governor Yannis Stournaras has proposed the absorption of HFSF by the BoG. The press report also noted that the government
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