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Greece and lenders far apart on foreclosures as housing NPLs keep rising
EconomyProgrammelocal media that the quadriga’s proposal would protect 17.3 percent of those with housing non... and impaired loans. Taking into consideration the quadriga’s stance, a solution on foreclosures will certainly
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Alpha makes 1.09 bln bond swap offer to boost capital
EconomyBankingand the share exchange options. In Piraeus’s case, if all bondholders accept the offer, the bank could... from the comprehensive assessment conducted by the ECB’s Single Supervisory Mechanism (SSM). According
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Eurobank makes 877 mln bond exchange offer to cover part of its capital shortfall
EconomyBanking, Eurobank’s LME does not include a cash consideration option, but only a share exchange at 100... or by a maximum of 1.06 billion for the exchange option, if all bondholders accept the offer. The ECB’s Single
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Sharp increase for Greek bank provisions in Q2 due to capital shortfall highlighted by ECB
EconomyBankingFollowing the publication of their capital needs resulting from the comprehensive assessment conducted by the ECB’s Single Supervisory Mechanism (SSM), Greek banks released on Saturday evening... income tax of 338 million reversed the previous quarter’s loss to a net profit of 495 million in Q3
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Piraeus Bank reveals mitigating actions aimed at reducing size of capital increase
EconomyBankingPiraeus Bank revealed on Monday the capital actions that it intends to submit to the ECB’s Single Supervisory Mechanism (SSM) to cover the capital shortfall that resulted from the comprehensive assessment. Piraeus’s capital needs at 2.21 billion euros under the baseline scenario of the stress test
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Eurobank presents 2.12 bln equity raising plan to cover capital needs
EconomyBankingby the ECB’s Single Supervisory Mechanism (SSM), comprised of an Asset Quality Review (AQR) and a stress test under a baseline and an adverse scenario. Eurobank’s capital needs were the lowest among
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NBG reports net losses of 401 mln in Q3, NPL formation accelerates in Greece
EconomyBanking(AQR) outcome, the respective item eased to 343 million in Q3 Overall, the bank’s cumulative... for the group, which is the lowest among NBG’s domestic peers. The improving liquidity conditions
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Eurogroup gives Greece another week to agree measures, keeps tranche and recap funds on hold
EconomyProgrammefor each child. The government’s initial proposal involved more relaxed criteria with the property value... that emerged from Monday’s Eurogroup was the decoupling (of the transfer to the HFSF) of the 10
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Industrial turnover falls by 14.7 pct in Sept for eleventh straight drop
EconomyMacroeconomyGreece’s Turnover Index fell at a slightly decelerating pace of 14.7 percent in September from a revised 18.1 percent drop in August, Hellenic Statistical Authority (ELSTAT) data showed on Thursday..., electronic and optical products (+36.4 percent). Markit’s Manufacturing PMI improved by 4 points to 47.3
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Travel receipts fall by 5.4 pct in Sept for first drop in 2015
EconomyMacroeconomya surplus of 11.07 billion, up by 5.8 from last year’s figure of 12 billion. Unlike September... by 1 billion from last year’s figure.
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