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Greece changes banks' DTA conversion law to secure ECB/EBA approval
Economyshares (capital increase) for a total amount resulting from the formula: DTC over capital times (annual) profit loss. For example, if a bank has a capital of 10 billion, of which DTC is 2 billion (20... with a capital increase of 200 million, fully covered by the exercise of conversion rights. e
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What is SYRIZA planning to do with Greek banks?
Economysystemic banks (Alpha, Eurobank, NBG and Piraeus). Following last year’s capital increases of 8.3 billion... related to increases or decreases of share capital, mergers, split-ups or winding up of banks... of any type of unpaid obligations to banks. The cost of capital for this entity is estimated by SYRIZA
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Newsletter 13 - 30/01/2015
systemic banks during their capital increases in Q2 2013, while 11.4 billion is still available as a backstop facility. Following the second round of capital increases in Q2 2014 with cancellation of HFSF... capital losses of 18.5 billion. Although much emphasis has been put far on the future utilisation
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Greece: How events could unfold over the next few weeks
PoliticsGreek Politicslead to the coalition having to take decisions, such as controlling the flow of capital... elections cannot be ruled out, in which capital controls might have to be imposed to stem deposit..., capital controls would be a virtual certainty. The other scenario worth considering, although
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Newsletter 31 - 19/06/2015
Bank liquidity holds key Failure to strike a deal soon could result in capital controls Caught... relates to households. Grexit fears coupled with capital control concerns have led to a sharp rise... previously used for ECB Grexit fears coupled with capital control concerns has fuelled an increase
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Referendum call stretches state liquidity, pensioners first to bear the brunt
EconomyProgrammeThe imposition of capital controls accompanied by a bank holiday for 6 working days starting from... on Friday evening, ATMs started to run out cash as early as Saturday noon. According to the capital..., citing funding issues that arose due to the capital controls. This is mainly attributed to revenues
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Newsletter 34 - 10/07/2015
to reconfigure his government, especially if his government loses its majority. Capital controls extended... on Wednesday extending the bank holiday and capital controls by three more days, until Monday 13 July... vaccines and insulin are running short. Since the imposition of capital controls, tourism bookings have
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Greek stocks down 15.2 in first week of trading after market closure
EconomyThe reopening of the Athens Stock Exchange on Monday after a 5-week closure due to the capital... of the negative impact of capital controls on the macro outlook as well as on companies’ fundamentals... catalyst for banks relates to the potential size of their capital needs, which will be determined
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Newsletter 45 - 02/10/2015
relates to bank recapitalisation. The capital needs of Greek banks are scheduled to be announced... framework of the recapitalisation process, so the capital increase process can start immediately after the SSM announcement. Key catalysts for a successful bank recapitalisation are the amount of capital
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Greek shares up for the third straight week on strong performance from banks
Economyabout Greek banks’ capital needs after recent rumours indicating capital increases would range... of capital needs and raising via private investors. The General Index of the Athens Stock Exchange surpassed... percent after the imposition of capital controls in late June. Bank shares markedly outperformed
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