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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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Piraeus Bank impairments impact H1 results as NPE clean-up accelerates
EconomyBankingto massive NPE de-risking. Capital The CET1 ratio in H1 was 10.9 percent, rising to 11.6 percent pro forma for share capital increase of 1.4 billion euros carried out in Q2. Tier 1 ratio was 12.5 pct and 13.3 pct pro forma. The total capital ratio was at 14.9 percent. The pro forma fully loaded CET1
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Piraeus records loss of 3.09 bln as aggressive NPE reduction carries impairments
EconomyBanking, from 57 pct a year ago, thanks to massive NPE de-risking. Capital The CET1 ratio in 9M was 9.9 percent, rising to 11.3 percent pro forma for share capital increase of 1.4 billion euros carried out in Q2. Tier 1 ratio was 11.7 pct and 13.2 pct pro forma. The total capital ratio was at 14.4 percent
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Alpha Bank reports 2.5 bln loss in 9M as it intensifies effort to clean up balance sheet
EconomyBankingutilisation of the bank’s TLTRO III borrowing allowance. Capital At the end of September, the Common... the 800 million euros share capital increase that took place in July. The bank’s Total Capital Ratio stood at 16.5 percent after the share capital increase, up from 15.5 percent in Q2.
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Greek fiscal deficits and debt since 2000
Agorato return to international capital markets to finance future deficits or roll over maturing debt. Capital markets are more willing to lend to governments if these have healthy cash cushions to meet... of Greek banks, these financial institutions needed capital injections to survive. These capital
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Banks wrap up balance sheet transactions for 2021 on path to slashing NPEs
EconomyBankingon Cosmos on October 22 and NBG was in definitive agreement with Bain Capital, Fortress and DoValue... of 47 basis points to the bank’s Total Capital Ratio. Cosmos is a capital neutral transaction as the 300 million euros P&L impact will be offset by the gains in capital from lower RWA. The transaction
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