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Bank recap and NPL management create conundrum in bailout talks
EconomyGreek banks’ possible capital needs. In addition, a total envelope of up to 25 billion euros would... identifies capital shortfalls for one or more significant institutions, these may be covered by the capital... estimates on Greek banks’ capital needs range between 10 to 15 billion euros. Prime Minister Alexis
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Q2 GDP rebounds by 0.9 pct QoQ on higher consumption and falling imports
EconomyMacroeconomyas well as increased taxation on income and real estate property. Investments Gross fixed capital... this is expected to significantly slow down in Q3 due to the imposition of capital controls. Since 2008... of capital controls, it is expected that a similar performance will be evident in Q3. Note though that due
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Greek stocks gain 3.5 pct during week as investors wait for election fog to clear
Economybelow the levels seen before the imposition of capital controls. Emphasising the unpredictability... by more than 56 percent over the period in question amid concerns over their capital needs and the bank... by the restrictions of capital controls. Corporate news No major events are expected next week except
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PMI rebounded in September, but survey data still point to a downturn on lack of new orders
EconomyMacroeconomyin June. This is largely attributed to the imposition of capital controls at the end of June coupled... with pre-production inventories dropping at a sharp pace amid lack of new orders and capital controls... for the tenth consecutive month, with September’s performance attributed to capital controls
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PMI continued improving in Oct but survey data points to economic struggle ahead
EconomyMacroeconomyunabated since January and the recent data reflects the negative impact from capital controls... related to capital controls and payment difficulties. However, the recorded decrease in volumes... lengthened in October largely attributed to capital controls and lack of raw materials at vendors
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Eurogroup gives Greece another week to agree measures, keeps tranche and recap funds on hold
EconomyProgrammeKlaus Regling said that following the announcement of Greek banks’ capital shortfall at 14.4 billion... in the next few days, a development which is also crucial for private sector participation in banks’ capital...’ capital increases. This in turn would erode the optimistic outlook for a successful outcome
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Greek stocks edge up in week of big losses for banks
Economyit covered its total capital needs of 2.04 billion via the institutional equity offering... its own capital needs of 2.56 billion with the offer price set at 0.04 euros, at a 34.4 percent... the international offering which coupled with the LME proceeds of 691 million bring the capital raised
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BoG report highlights need for programme implementation, political consensus
Economyfor the financial sector, also encouraging the return of deposits and the lifting of capital controls. The BoG said that the imposition of capital controls initially had an immediate and visible negative... on the implementation of reforms, ownership of the new programme and the removal of capital controls, the BoG noted
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Newsletter 74 - 20/05/2016
of provisioning, thus binding up valuable capital that could otherwise be lent to the real economy. Two... KKR to provide capital and manage exposures to underperforming assets, including NPLs. The European... mandated capital increase by the ECB failed to attract private interest. It was subsequently entirely
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NPL resolution in Italy and Greece
Agoralenders and necessitated an increasing amount of provisioning, thus binding up valuable capital... and Eurobank are teaming up with the US private equity firm KKR to provide capital and manage exposures... in the northeastern city of Vicenza in April. BPV’s mandated capital increase by the ECB failed to attract
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