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Eurobank makes 877 mln bond exchange offer to cover part of its capital shortfall
EconomyBankingmillion Tier 1 securities. Unlike the previous bond swap offers recently announced by Alpha and Piraeus... percent of nominal value for senior securities, at 80 percent for Tier 2 and at 50 percent for Tier 1
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Sharp increase for Greek bank provisions in Q2 due to capital shortfall highlighted by ECB
EconomyBankingto 67 percent in Q3 from 63 percent in Q1. On the capital front, the Common Equity Tier 1 (CET1) ratio... more than offsetting the lower time deposit cost. Gross loans slipped 1 percent QoQ to 73.28 billion
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Marginal changes in loan and deposit rates in Sept
EconomyMacroeconomy(for amounts above 250,000 euros and below 1 million) and by 3 bps (for amounts above 1 million euros
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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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