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Greek banks brace for recapitalisation, with Piraeus initiating a bond swap offer
EconomyBankingFollowing meetings held with the Single Supervisory Mechanism (SSM) of the ECB in Frankfurt on Wednesday and Thursday, media reports indicate that Greek bankers appear more optimistic on the final... that would arise from the AQR and the baseline stress test. A high single digit figure seems feasible
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NBG Q2 trading update shows higher pre-provision income, marked improvement in NPL formation
EconomyBankingeasing 0.5 percent QoQ. As expected, Greek deposits posted a high single-digit drop by 9.1 percent... of October and is expected shortly after the release of their capital needs by the Single Supervisory
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Final structure of bank recap taking shape, cautious optimism for outcome
Economythroughout last week. Since the European Central Bank’s Single Supervisory Mechanism (SSM) is expected... of between 15 and 17 billion, of which private investors would have to cover a high, single-digit figure
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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... private investors control a total stake of 34.5 percent. Fairfax is the largest single shareholder
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Greek banks' equity raising could keep official support to a minimum
EconomyFollowing the disclosure of Greek banks’ capital shortfall by the ECB’s Single Supervisory Mechanism (SSM) on October 31, Greek banks submitted their capital action plans to the SSM last week..., Fairfax is the largest single shareholder holding 20.03 percent of Eurobank shares, Capital controls
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Newsletter 59 - 22/01/2016
while Tsipras dithered on eurozone "Let's end the memorandums and fascism!" Syriza's single biggest... to represent: transparency, meritocracy and social justice. SYRIZA’s single biggest failing
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Retail sales slip 0.1 pct in Dec, drop of 2.8 pct in 2015
EconomyMacroeconomydecrease in retail sale not in stores (-12.7 percent) followed by mid-single digit drops... (+31.1 percent). Automotive fuel was the only sector recording a single-digit increase of 8.4
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Eurobank reports loss in Q4 and for 2015, management expects bank to turn profitable in 2016
EconomyBankingSingle Resolution Fund of 30 million and 12 million one-off contribution to the resolution... of risk below 2 percent and flattening out NPL formation. The single most important driver for PPI
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Greece's 2009 deficit makes for a good conspiracy; shame about the numbers
AgoraGreece had put its house in order and had brought the deficit down to single digit figures... a single opportunity to affirm how inadequate it is to lead this effort. *You can follow Yiannis
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Signs of optimism in Greek banks' Q2 results but NPL challenge lies ahead
Agoracharges ahead of the results of comprehensive assessment conducted by the Single Supervisory Mechanism... in the coming quarters as well as the positive developments on the NPL front, the single most
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