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Greek stocks up by 1.3 pct this week on banks’ 12.4 pct rebound
Economy2.7 percent, led by a sharp rise of bank shares by 13.9 percent amid rumors that capital needs would... reopened after the imposition of capital controls, it has recorded losses of 14 percent. Banks... and subordinated debt as well as lower Tier I securities. The bank aims to boost its capital base
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NBG reports net losses of 401 mln in Q3, NPL formation accelerates in Greece
EconomyBankingattributed to the bank holiday and the imposition of capital controls as well as increased fee expense... deferred tax credit (DTC) of 510 million, while the goodwill impairment did not affect capital. The key challenge for NBG in the short term is the coverage of its capital needs of 1.58 billion under
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Last round of Greek banks' recapitalisation drastically shifts shareholder structures
Economyof 5.4 billion, while NBG’s capital was also boosted by burden-sharing measures involving bail.... As a result, the Hellenic Financial Stability Fund (HFSF) share in banks’ share capital was notably diluted... respectively. In Eurobank, Fairfax and Capital hold 16.88 and 8.34 percent of the bank’s shares
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Greeks’ mutual mistrust eases, survey indicates
Societysurvey on social capital has found. In the twelve years since a similar survey was conducted, Public.... The study, entitled Social Capital in Greece, found that the levels trust were higher greater among... (47 percent) enjoy a “medium” degree of social capital, the amount deemed adequate to access
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HELEX H1 2016 results show continuing drop in profits
Economycompared to 18.5 million euros for the same period last year. After subtracting the Hellenic Capital... reduction. The average capitalization of the Greek capital market dropped by 13.9 percent compared... promote the Greek capital market, inform listed and non-listed companies about the new tools
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The story behind Attica Bank, the non-systemic lender thrust into the spotlight
EconomyBankingand 1.02 billion in the adverse scenario. Following a capital plan submitted by the bank to BoG, its capital shortfall was reduced to 748.7 million and Attica proceeded to a share capital increase... that capital increase, the bank’s phased-in Common Equity Tier 1 (CET1) ratio reached 17.64 percent
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BoG reveals figures for repatriation and banknotes returning to banking system
EconomyBankingon the evolution of Greek banks’ deposits since the imposition of capital controls at the end of June 2015... reflects the significant capital flight evident in the first half of 2015, when the monthly capital... was the provision of the legal framework of capital controls that allowed repatriated funds to be transferred
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Newsletter 119 - 19/05/2017
of the midnight vote, that capital controls could be lifted by the end of the year. The Greek government published a blueprint for the scrapping of capital controls this week, which was one of the prior actions... Ministry publishes roadmap to relax capital controls GDP growth for 2017 was downwardly revised
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Mandatory e-payments come into force as Greece seeks to boost card use further
EconomyFeatureswith most customers preferring cash. The advent of capital controls two years ago began to change... in ample will avoid the fine. Capital controls Greece has long been a nation of cash lovers, much... rise in card payment came about as a direct consequence of the capital controls enforced in 2015
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NBG reports net losses in Q2, NPEs down for fifth straight quarter
EconomyBankingoperations, a loss of 97 million from discontinued operations and an one-off capital gain of 144 million... the domestic core banks. Capital The Common Equity Tier 1 (CET1) ratio stood at 16.5 percent in Q2, while... of National Insurance is expected to close in H2 2017 with the positive impact on capital and liquidity seen
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