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Newsletter 253 -05/06/2020
. The GDP movement in Q1 was largely driven by gross fixed capital formation declining by 8.4 percent QoQ, while gross capital formation rose by 3 percent compared to Q4. Imports of goods and services... by gross capital formation dropping by 5.1 percent while gross fixed capital formation dropped
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Alpha seals bad loans sale deal, lenders brace for NPE management in Covid-19 era
EconomyBankingin terms of capital and liquidity and is fully consistent with the Strategic Plan announced by Alpha Bank... into an agreement with Bain Capital Credit for the sale of a non-performing secured corporate loan portfolio code... amounts to 21 percent of the principal amount and the transaction has a neutral capital impact, NBG
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NBG results show net profits of 465 mln euros on strong income
EconomyBankingstable funding ratio exceeded 100 percent, exceeding regulatory thresholds. Capital The CET1 ratio..., as well as the benefit from the “quick fix” amendments to the Capital Requirements Regulation (CRR) due to the pandemic, with the Total Capital ratio at 16.9 percent. This provides a capital cushion
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Newsletter 262 -04/09/2020
. A breakdown of the components showed that GDP movement was driven largely by gross capital formation dropping by 9 percent while gross fixed capital formation dropped by 10.3 percent YoY. Exports of goods... was largely driven by gross fixed capital formation declining by 2 percent QoQ, while gross capital formation
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Newsletter 278 -14/12/2020
address at the Capital Link’s 22nd “Invest in Greece” forum for US investors, in which he listed... the end of the year have stemmed the new flow on NPEs during 2020. Although capital adequacy remains relatively comfortable at 14.6 pct and 16.3 pct in CET1 and Capital Adequacy, BoG notes that a large
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Newsletter 279 - 05/03/2021
, the government is in danger of losing the political capital it had built up from the competent handling... the bank last week announced an agreement with Davidson Kempner Capital Management over its 10.8 billion-euro Galaxy Project securitisation. That securitisation entails a capital hit of about 280 basis
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GDP falls 8.2 pct in 2020, but rises 2.7 pct QoQ in Q4
EconomyMacroeconomydecline in imports. Final consumption decreased 1.4 percent from Q3, while gross capital formation... percent), while gross capital formation dropped 19 percent. A breakdown of annual components showed... decline in final consumption. Imports decreased 6.8 percent, while gross capital formation rose 4.9
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Piraeus announces Q1 loss of 407 mln as provisions mount
EconomyBankingat the end of March, while net loans came to 37.4 billion. Capital The CET1 ratio as of Q1 was 12.1 percent, though this rises to 15.4 percent pro forma for share capital increase carried out in Q2. The total capital ratio at 14.2 percent, rising to 17.5 percent pro forma. The pro forma fully loaded
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Newsletter 298 - 28/05/2021
share capital raise as Eurobank sees modest profit increase Three of Greece’s system banks reported... out an 800 million euro share capital increase. The bank attempted to put a positive spin on the increase by labelling it as “growth capital” and explicitly tying it in with the influx of Next
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BoG sees growth of 4.2 pct this year but warns of multiple challenges ahead
Economythe issue of quality of their capital structures. On the macroeconomic front, the central bank sees... capitalized with CET1 and capital adequacy ratios of 13.6 pct and 15.6 pct respectively. Fully phasing... have to deal with a weak capital base that could be aggravated as more aggressive NPE reduction
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