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National Bank reveals capital plan, which includes sale of whole Finansbank stake
EconomyBankingas Common Equity Tier 1 (CET1) capital (“pari passu” with common shares) but they are an expensive... Tier 1 (CET1) capital of 6 billion and CEt1 ratio of 9.5 percent. The announced capital actions plus
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Coalition in rush to wrap up pending bailout issues
EconomyProgrammedisbursement of both the sub-tranche of 1 billion plus the all-important 10 billion for bank... that will create cost savings of 1 percent of GDP in 2016. According to reports, this could mean cuts
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NBG reports net losses of 401 mln in Q3, NPL formation accelerates in Greece
EconomyBanking(ELA) funding. The Common Equity Tier 1 (CET1) ratio remained almost stable QoQ at 9.6 percent... of around 1 billion and sale of 100 percent of Finansbank. However, since the completion
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CPI drops at decelerating pace of 0.9 pct in Oct
EconomyMacroeconomyinflation is expected to resume as of 2016. In specific, HICP is seen dropping by 0.4 to 1 percent in 2015 and increasing by 0.7 to 1 percent in 2016, whilst a slight slower rise of 0.5 to 0.7 percent
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Newsletter 51 - 12/11/2015
on the evening of November 12 and bondholders of around 1 billion of the total tendered 1.09 billion... of the LME, will be bailed-in. Overall through the LME and the bail-in, NBG has secured almost 1
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New tax arrears rise by 832 mln in Oct to total of 10.38 bln in 2015
Economyof the August figure by more than 1 billion euros to 1.67 billion from 645 million before. A smaller..., which improved to 9.5 million euros in October from just 1 million in September. As a result
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Central gov’t debt rises to 314.6 bln in Q3 on eurozone tranche and GGB redemptions
Economythe remaining 21 percent is almost equally split between short-term (up to 1 year) and medium-term (1
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Budget execution improves significantly in Oct, primary surplus reaches 4.53 bln
EconomyMacroeconomyincome tax fell by 1 percent to 922 million. Total ENFIA revenues are targeted at 2.65 billion euros... that remain proportionally well below targets. These mainly involve: 1) Grants to Manpower
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Stock market slips 1.4 pct dragged by huge bank losses
Economy-tranche of 1 billion. The General Index of the Athens Stock Exchange landed at 649.79 on Friday, which... until December 1 to facilitate the reverse split process, while the resulting shares will resume
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Greece receives list of milestones for next bailout sub-tranche
EconomyProgrammeThe Eurogroup Working Group (EWG) reportedly agreed on Thursday evening the second list of milestones Greece has to implement in the next three weeks for the disbursement of the next sub-tranche of 1... to: 1) Preparation of a plan for the establishment of a new independent secretariat of public
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