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Falling bank shares prompt coalition to take closer look
PoliticsGreek Politicsfor this capital raising to be concluded but there were market rumours that Piraeus had sounded out investors... the bank’s balance sheet and enhance its capital base. The bank has made significant progress on all... raised concerns about the banks’ capital adequacy in the future. The prospect of reducing bad loans
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GDP shows annual growth of 2.2 pct in Q3
EconomyMacroeconomyexpenditure rose by 2.4 percent versus the previous quarter. Gross capital formation jumped by 15.6... consumption is forecast to rise by 1.1 percent. Investments Gross capital formation grew by 15.6 percent QoQ following a rise of 6.8 percent in Q2. On an annual basis, gross capital formation showed
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Piraeus eyes major NPE deal as banks remain focused on bad loans
EconomyMacroeconomyto address its non-performing exposures (NPEs). The deal will also increase its capital and reduce... of the 500 million euros Tier II issue that the bank has planned to raise capital as part of its..., it is expected to significantly improve Piraeus Bank’s capital position while reducing operating
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BoG and HFSF schemes under scrutiny as banks look for a way forward on bad loans
EconomyBankingit will mean a reduction in regulatory capital as banks will need to write off deferred tax credits... losses from DTCs from their balance sheets without the obligation to raise capital for the State... reduction in NPEs is anticipated under the scheme while capital adequacy is maintained for all four
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Newsletter 218 -06/09/2019
in gross capital formation. At the same time, gross fixed capital formation decreased by 5.8 percent... rises by 0.8 pct QoQ Gross fixed capital formation rises by 2.4 percent Greece’s seasonally adjusted... driven by gross fixed capital formation rising by 2.4 percent QoQ, while gross capital formation
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Newsletter 220 -20/09/2019
a 650-million-euro share capital increase that will cover the initial financing requirements of the project... the consortium, which were held in good faith and cooperation, as the company stresses. Out of the total capital... for working capital and 10 million to cover expenses related to the previous share capital increase
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GDP falls by 0.7 pct QoQ in Q4 and increases by 1.9 pct in 2019
EconomyMacroeconomywas largely driven by gross capital formation declining by 9.7 percent QoQ, while gross fixed capital formation rose by 6.7 percent compared to Q3. Compared to Q4 2018, gross capital formation dropped... percent of GDP. Investment As noted previously, in Q4 gross fixed capital formation rose by 6.7 percent
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Piraeus Bank posts net loss of 232 mln in Q1 due to Covid-19 impact
EconomyBankingholding company listed on the Athens Stock Exchange. Capital The pro-forma CET1 ratio as of Q1 was 13.2 percent and total capital ratio at 15.2 percent. Management noted that the loss making result... for the reduction of the capital ratios. The fully loaded CET1 and total capital ratio stood at 10.8
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BoG stresses more work needed on NPE reduction, pushes bad bank idea
EconomyBankingcombined with concern over the quality of banks capital base due to high reliance on deferred tax... of banks to create new capital due to low profitability, which most likely will adversely affect the portion of deferred tax credits (DTC) on regulatory capital, currently standing at 75 pct. Bad bank
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Piraeus Bank posts pre-tax losses of 215 mln in H1
EconomyBankingimproved to 83 percent versys 85 percent a year earlier. Capital The Common Equity Tier 1 (CET1) ratio of the group in H1 came to 14 percent, while total capital stood at 16 percent. Fully loaded CET1 and the total capital ratio stood at 11.5 percent and 13.5 percent, respectively. Pro-forma
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