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IMF outlines areas in which Greece needs further reforms, where it should apply caution
EconomyProgrammecomprehensive strategy that will restore bank profitability and capital and liquidity buffers. Additionally... banks should be able to attract private capital, restart healthy lending and become more resilient
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NBG reports full year net profits of 50 million euros from continued operations
EconomyBankingby capital actions. The current amount consists solely of targeted longer-term refinancing operations (TLTRO... funding. Repo funding came to 3.6 billion in Q4 2018, standing at 2.1 billion in March 2019. Capital
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BoG report notes challenges to Greek economy, issues warning over high fiscal targets
Economyand the long-term unemployed, creates inequalities that threaten social cohesion, devalues human capital... of high levels of non-performing loans should be made a priority in order to free up capital
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BoG underlines progress in NPE reduction but stresses need for systemic solution
Economy(DTC) in the banks’ capital structure and the transfer of NPEs to special purpose vehicles (SPV... of Greek banks’ capital, which is currently reliant on DTC to a large extent. The BoG plan can
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Newsletter 201 -21/04/2019
’ capital structure and the transfer of NPEs to special purpose vehicles (SPV), a solution that has the double benefit of resolving both the NPE stock and improving the composition of Greek banks’ capital
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Piraeus Bank issues Tier II bond to strong demand
EconomyBanking, Piraeus Group Finance Plc." The notes are placed in the international debt capital markets with the aim of increasing Piraeus Bank’s total capital ratio by around 90 bps. The issue has been rated Caa3
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National Bank first to test market waters in post-election afterglow
Economythat improve the banks’ capital positions in times of stress. Bad loans While these bonds carry risks..., they alleviate the concerns about the banks’ capital that led them to receive such a savaging in the stock
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Strong investor demand for 7-year bond, yield settles at record low of 1.9 pct
Economysyndications in one year, showing the normalisation of access to international capital markets. The new... to the capital markets in 2017. The bond was met with high quality participation as 89 percent came
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BoG awaits go-ahead from DG Comp over NPL scheme
EconomyBankingin the participating banks’ books. However, their regulatory capital will be reduced since... to more than 9 percent of the principal portfolio amount and is capital accretive to NBG (based on Q1
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Piraeus Bank posts net profit of 20 mln in Q2 from continued operations, NPE sales step up
EconomyBanking. Overall deposits stood at 44.89 billion euros in the first half of the year. Capital The CET1 ratio... in economic activity and real estate prices, the more favorable tax regime, the lifting of the capital
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