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  1. Greek bank capital increases: A breakdown of what has been achieved
    Photo by MacroPolis

    Economy

    National Bank of Greece (NBG) was the last of the four Greek core banks to complete its share capital increase this month, raising 2.5 billion on May 9. The transaction was reportedly two times oversubscribed by international institutional investors through a book-building process outside of Greece

    7%
  2. One night in Cannes

    Agora

    have been no banks left by 9 a.m.,” he said this week. But couldn’t a likely “no” vote

    7%
  3. New obstacle for privatisations as court blocks sale of water firm

    Economy

    that is effective since December 9, 1999. Following two decisions of the Inter-ministerial Committee

    7%
  4. Eurobank records net loss of 207.4 mln in Q1

    EconomyBanking

    Eurobank kicked off Greek banks’ Q1 results releases posting a net loss of 207.4 million euros in Q1 2014 from 913.1 in Q4 2013. The lower loss reflects an improvement in pre-provision income (PPI) by 9 percent quarter on quarter (QoQ), a drop in impairment losses by 26 percent and eliminating

    7%
  5. National Bank starts 2014 posting net profit of 181 mln in Q1
    Photo by MacroPolis

    EconomyBanking

    successive quarter to 5.12 percent leading group NIM down 9 bps QoQ to 3.17 percent. Operating expenses

    7%
  6. Greek banks' Eurosystem funding at lowest since Jan 2010; ELA also wiped out

    EconomyMacroeconomy

    billion), while Piraeus posted the lowest reliance at 9 billion, half of its year-end figure of 18

    7%
  7. Retail sales up 3.9 pct in April for first positive YoY reading since 2010

    EconomyMacroeconomy

    and footwear (+14.3 percent), retail sale not in stores (+9 percent) and food-beverages-tobacco (+7.7

    7%
  8. After landmark return in April, Greece prepares to tap bond markets again
    Photo by MacroPolis

    Economy

    the six prior actions required. The troika delegation is scheduled to return to Athens on July 9

    7%
  9. Loan and deposit rates edge down in May but remain above euro area average

    EconomyMacroeconomy

    changes were in housing loans (down by 9 bps to 2.94 percent) and in corporate loans up to 250,000

    7%
  10. Greece sees travel receipts rise again in July to reach 2.74 bln
    Photo by MacroPolis

    EconomyMacroeconomy

    receipts per country showed mixed trends with revenues from the UK surging 26.1 percent, 9 percentage

    7%