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  1. Alpha makes 1.09 bln bond swap offer to boost capital
    Photo by MacroPolis

    EconomyBanking

    to 585 million for the share exchange. As we noted two weeks ago, the market has been expecting Greek... to the latest official figures for the first quarter (Q1), Greek banks hold 3.15 billion euros... that is expected to be tabled in the next couple of days, Greek banks are expected to announce the amount

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  2. Eurobank makes 877 mln bond exchange offer to cover part of its capital shortfall
    Photo by MacroPolis

    EconomyBanking

    Eurobank became on Thursday the third Greek bank to announce a Liability Management Exercise (LME... to commence on or about November 4 and last until November 11. Piraeus initiated Greek banks’ LMEs... Supervisory Mechanism (SSM) is due publish Greek banks’ capital needs on October 31 at 11.30 a.m.

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  3. Marginal changes in loan and deposit rates in Sept

    EconomyMacroeconomy

    After a sharp reduction of 62 basis points (bps) in the preceding two months, Greek households’ new... controls in late June. Note that the top-4 banks control more than 95 percent of the Greek deposit market... lower loan and deposit rates led the average spread of Greek banks down by a modest 2 bps to 4.10

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  4. Eurobank presents 2.12 bln equity raising plan to cover capital needs
    Photo by MacroPolis

    EconomyBanking

    placement to qualified Greek and international institutional investors. The equity raising also includes... increase, the bank may accept partially the LME orders. Eurobank is the only Greek systemic bank... the Greek law stands at 0.30 euros. According to the indicative timetable, the equity offering book

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  5. Building permits down 11.4 pct in August for second successive drop

    EconomyMacroeconomy

    Greek building permits dropped for the second successive month, yet at a slower pace by 11.4.... The latest official forecasts by the institutions that oversee the Greek adjustment programme point.... These estimates were incorporated in the baseline scenario of the Greek banks’ latest stress test

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  6. Greece faces tight deadline for second set of milestones, first review looms
    Photo by MacroPolis

    EconomyProgramme

    The Greek government has until December 11 to complete the implementation of the second set... are due to visit Athens next week to discuss with Greek authorities the second set of milestones... for Greek securities as well as for Greece’s QE eligibility. During the ECB press conference

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  7. Mood sours as focus switches to next set of prior actions

    PoliticsGreek Politics

    it or not, they will have to get used to the idea that the Greek people elected a government... privatisation fund and whether the International Monetary Fund will join the Greek programme... by State Minister Nikos Pappas, one of Prime Minister Alexis Tsipras’s closest aides, that the Greek

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  8. SYRIZA tries to compose itself ahead of next vote on prior actions
    Photo by MacroPolis

    PoliticsGreek Politics

    and allowing distressed debt funds to buy up Greek NPLs. SYRIZA MP Yiannis Michelogiannakis... control or if foreign funds are allowed to buy the NPLs of Greek small- and medium-sized enterprises. Initial reports about a possible agreement with the lenders on ADMIE suggest that the Greek state

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  9. Gov't hopes deal with lenders on prior actions will prove politically palatable

    PoliticsGreek Politics

    to the Greek state, which in turn will sell 49 percent of the company to private investors, including around 20 percent to a strategic investor. The agreement also allows the Greek state to have... will meet the following day to decide whether it can release the next bailout tranche. The Greek

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  10. Credit contraction further accelerates to 2.2 pct in November

    EconomyMacroeconomy

    Greek bank credit contraction further accelerated to 2.2 percent in November from an upward revised.... The year to date evolution shows deductions stood at 632 million. Greek bank credit remains... posted the lowest drop (-16 percent). Following the completion of Greek bank’s recapitalisation

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