Search
-
Banks reveal new capital structures, ex-bondholders sell shareholdings
EconomyFollowing the relevant approval by the Hellenic Capital Market Commission (HCMC), the four core banks published their prospectuses for the capital increases, which revealed among others, the official... the capital increase, foreign institutional investors held 23.63 percent of Alpha share capital
18% -
Finance Ministry publishes roadmap for relaxation of capital controls
EconomyMacroeconomyThe Finance Ministry (MoF) published the roadmap for the relaxation of capital controls on Monday... noted. Capital controls were imposed at the end of June 2015 and a number of ministerial decisions... steps for further relaxation of capital controls should be implemented as soon as possible and need
18% -
Bank stress tests find no capital needs, clearing path for MoU exit
EconomyBankingthe health of the domestic lenders and to have a complete picture about any potential capital needs... percent for Piraeus. Under the adverse scenario, the capital of Greek lenders is seen being depleted by 9 percentage points, or 15.5 billion euros in 2020. The capital depletion for Alpha is 8.56
18% -
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
17% -
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
17% -
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
17% -
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
17% -
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
17% -
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
17% -
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
17%