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Most Greek businesses feel capital controls impact, 69 pct see turnover drop
Economyshowing the impact that capital controls, imposed on June 29, have had on local businesses... after the imposition of capital controls. In an effort to address the constraints in cash flow... of the surveyed firms said they estimate capital controls will remain intact for more than 3 month
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Study shows deep impact of capital controls on retail sector
Economythe devastating impact on retail sales from the imposition of capital controls. The study showed prior to capital controls retail sales fell to 3.33 billion euros, or by 5.4 percent in June. In July... of capital controls. Specifically, food and fuel sales fell by 5.5 percent in June, significantly
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NBG boosts capital base by selling total stake in Finansbank
EconomyBankingratio of 660 bps. In contrast, NBG’s capital base will be hit by 40 bps or 250 million since... with no impact on its capital ratios. As a result, NBG’s Q3 CET1 ratio of 13.3 percent rises to 19.6... of its capital shortfall in late October. Finasbank had a notable contribution to NBG’s 9M 2015
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Bank holiday to end but capital controls remain and some transactions forbidden
Economyholiday from July 20. However, capital controls will be maintained, while several banking activities... Exchange, which remains closed as of June 29. The key issue relates to the capital controls... holiday would result is some kind of return to normality for Greek banks, the capital controls
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More than half of small businesses saw turnover dive by at least 50 pct due to capital controls
Economythe imposition of capital controls. The survey was conducted by MARC in the July 21 – 27 period... implications on small businesses from the imposition of capital controls during the first two weeks... small firms were unprepared to address the consequences of the capital controls. In particular, only
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Capital controls take toll on car sales, which fell 23.9 pct in July for first time in two years
EconomyMacroeconomy). The drop in July is largely attributed to the imposition of capital controls. It is the first... for a potential Grexit or imposition of capital controls and deposit haircut with a large number of transactions paid in full (and not in instalments) in cash. However, the negative impact from capital
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Marked drop of 50 bps in new time deposit rate in July amid capital controls
EconomyMacroeconomy’ decision to lower interest rates in the aftermath of capital controls, since the four core banks dominate more than 95 percent of the market. The legislative act on capital controls prohibits... in the succeeding months until capital controls are lifted. Despite the considerable decline in July
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New time deposit rate fell 12 bps in August to record low of 1.19 pct amid capital controls
EconomyMacroeconomythe four systemic banks’ decision to reduce interest rates amid capital controls, since they dominate... on capital controls. The restrictions on time deposit renewals also explains the positive flow of 6.25... the various deposit accounts should be expected in the next few months until capital controls are lifted
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Stournaras eyes easing of capital controls, updates on loan quality and NPL reduction targets
EconomyMacroeconomyfor easing capital controls. Stournaras revealed that the non-performing exposure (NPE) ratio... of overdue obligations Capital controls The second issue Stournaras touched upon in his speech to MPs... ease capital controls. The first measure relates to the abolition of the restrictions on “new” money
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Alpha Bank buoyed by 800-mln-euro share capital raise
EconomyBankingAlpha Bank announced on Friday the successful completion of its 800-million-euro share capital.... This is the second systemic bank capital raise after Piraeus Bank last month. It raised 1.38 billion euros... the share capital raise to be able to move to the next phase of balance sheet clean-up by utilising
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