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Piraeus enters agreement for sale of 2.2 bln loan portfolio
EconomyBankingbasis points (bps) of CET-1 capital ratio as of the end of March 2018. Furthermore, the bank’s non... to our capital position.” Martin Manchon, Managing Director and Head of APS said that they were... backed NPE portfolio worth 1.95 billion euros. The bank entered into an agreement with Bain Capital LP
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New strategic investment framework unveiled, faster licencing and tax breaks promised
EconomyFeaturesfigures for Greece showed that gross capital formation grew by 15.6 percent QoQ following a rise of 6.8 percent in Q2. On an annual basis, gross capital formation showed an increase of 42.2 percent after dropping by 1.9 percent YoY in Q2. Gross fixed capital formation showed a decline of 23.2
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Newsletter 186 -07/12/2018
versus the previous quarter. Gross capital formation jumped by 15.6 percent QoQ after a rise of 6.8 percent in Q2. Additionally, on a QoQ basis, gross fixed capital formation fell by 14.5 percent.... Gross capital formation showed an increase of 42.2 percent after dropping by 1.9 percent YoY in Q2
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Newsletter 189 -11/01/2018
its capital and reduce operating costs. According to the business website Euro2Day.gr, sources... to cover nearly all of the 500 million euros Tier II issue that the bank has planned to raise capital.... Should the deal go through, it is expected to significantly improve Piraeus Bank’s capital position
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Eurobank net profits from continued operations fall by 12.2 pct in 2018
EconomyBankingthe code name Pillar. The transfer of the 7-billion-euro pile is expected to cause capital... with Grivalia is set to leave Eurobank with the highest total capital ratio in Greece. P&L NII rose... from capital markets, asset management, lending activities and the elimination of Pillar II guarantees
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Newsletter 209 -07/06/2019
by 1.3 percent versus upward revised YoY growth of 1.5 percent in Q4. Gross capital formation rose by 10.1 percent QoQ, while gross fixed capital formation increased by 8.1 percent compared to Q4. Final... percent rise in gross capital formation. Gross fixed capital formation increased by 7.9 percent
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Greek banks maintain focus on key areas as elections approach
EconomyBanking-performing loans (NPLs) in their books and the improvement of their capital position. Following... further issues of this nature can be leveraged to enhance their capital. Optimism appears to have... in the international debt capital markets with the aim of increasing Piraeus Bank’s total capital
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BoG report highlights economic challenges, proposes way forward
Economyconfirmed while capital adequacy remains satisfactory at 15.5 percent, with the Common Equity Tier 1... systemic plans Broader sources of financing using channels such as venture capital, crowdfunding, SME... investment in physical and human capital Continuation of the reform path to foster market competition
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New twist in Hellinikon saga as Lamda goes it alone
Economy, will not proceed. This means that Lamda Development will launch a 650-million-euro share capital... of the total capital increase, 467 million euros will be used to cover the deposit of 300 million once... million for working capital and 10 million to cover expenses related to the previous share capital
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IMF consultation report pinpoints health of Greek banks as central to growth
EconomyBankingof capital remains weak, dominated by deferred tax credits (DTCs) de facto not providing loss... generate capital internally. The efforts to restructure loans had limited impact due to a combination... Greece closer to the euro area average by end-2021. Banks should build and clean up capital
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