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The key elements of the draft agreement between Greece and lenders
EconomyProgrammestability Another area of significant importance is the one on the financial system and capital...) will send a quarterly report to the institutions including key statistics related to capital controls..., MoF and BoG will have to publish a roadmap for the relaxation of capital controls outlining
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Greek banks conclude series of corporate actions as part of restructuring
EconomyBanking, the transaction is capital neutral for the bank. The bank announced on December 21 that it completed... stood at 197 million euros. According to Eurobank, the transaction is capital neutral for the bank... is expected to improve the Piraeus’ CET1 ratio by 15 bps. PBC also concluded a capital increase of 40
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Government seeks to appease banks over ADMIE privatisation
EconomyMacroeconomyof a 51 percent stake in ADMIE to that company, the reduction of PPC share capital and a capital return... estimated value stands at 491.84 million euros and this amount would constitute the share capital
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PPC general meeting approves unbundling of ADMIE
EconomyMacroeconomyto that company, the reduction of PPC’s share capital and a capital return in kind to its shareholders (carve... to the holding company stands at 491.84 million euros and this amount would constitute the share capital
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S&P affirms Greece’s rating, outlook remains stable
Economyincremental, relaxation of capital controls. Moreover, the unemployment rate is seen falling by 2 percentage... capital into sectors that could create employment. Greece’s ratings could be upgraded in case of stronger growth, progress in reducing the huge stock of banks’ non-performing loans, lifting of capital
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Tsakalotos and Stournaras raise objections to IMF assumptions
EconomyProgrammethat Greek banks will need a capital buffer of 10 billion euros “without explaining why this is the case...’ capital needs and underestimated the impact of excess capital to the domestic economy, said
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Q4 GDP contracts 1.2 pct QoQ, leading to recession of 0.1 pct for 2016
EconomyMacroeconomywas burdened by the imposition of capital controls. Meanwhile, general government consumption fell 2.1... consumption by 0.6 percent. Investments Gross fixed capital formation posted a positive growth rate... attributed to capital controls. Moreover, travel receipts also fell by 6.4 percent despite a growth of 5.1
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These were the key drivers behind Greece's strong fiscal performance in 2016
EconomyMacroeconomyof 2.65 billion euros in revenues coupled with a reduction of 3.37 billion in capital transfers..., taking their total to 24.93 billion. In contrast, capital transfers fell by more than 2 billion to 3.21... is the second largest drop of expenditure items after the remarkable decline of capital transfers from
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Stocks up by 4.7 pct, rising for third straight week
Economyof capital controls on Thursday, recording the longest positive streak (13 gaining sessions in a row... share capital surpassed the 5-percent threshold and stood at 5.023 percent. Folli-Follie Group (FFG... of FFG share capital. The Annual General Meeting (AGM) of Aegean Airlines approved the distribution
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Portugal, market access and programme exit
Agorathat you should assure the banking sector problems (NPL, profitability and capital) are dealt within... resolved in December 2015 (Banif), and the state-owned CGD requiring around 5 billion euros in capital... to find a comprehensive strategy to deal with it. It has however been able to attract foreign capital
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