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S&P upgrades Greece’s rating by one notch, sees compromise on pension reform by March
Economyby consumption despite two general elections, referendum, imposition of capital controls and further... banks, to eventually require capital support, it also highlights that the recent recapitalization has.... However, S&P anticipates only gradual lifting of capital controls including withdrawal limits
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Current account deficit falls to 780 mln in Dec and 7.5 mln in 2015
EconomyMacroeconomybanking system due to the capital controls. Excluding oil and ships, exports of goods rose by 4.6...’ surplus by 6.9 percent in 2015 is attributed to lower net transport receipts amid capital controls... mainly reflecting an inflow of 350 million related to Fairfax’s participation in Eurobank capital
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Newsletter 64 - 26/02/2016
are covered by the banks’ accumulated loan loss provisions. Following capital strengthening in November, Greek banks’ pro-forma Common Equity Tier 1 (CET1) and total capital adequacy ratio reached 18 percent... gave an adequate capital buffer to absorb the negative impact from increased future provisions
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Loss-making Q4 and 2015 for Alpha, targets positive bottom-line in 2016
EconomyBankingto deposit ratio to 147 percent in Q4 from 154 percent in Q3. On the capital front, following the capital... anticipates that the lifting of capital controls within 2016 will trigger the return of around 7
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NBG records loss of 2.05 bln in Q4 on one-offs and jump in credit risk provisions
EconomyBankingQoQ to 103 million in Q4 from a low of 87 million in Q3 amid capital controls. Operating expenses... of 99 percent in Q2. Following the capital raising in November and the disposal of Finansbank..., it anticipates 2016 would be a capital accretive year for NBG largely on sharp reduction in provisions coupled
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Greek banks: Taking stock of a rough 2015 and looking at what lies ahead
Agora. Fees climbed 17.4 percent QoQ in Q4 after a low recorded in Q3 amid capital controls, but the full... amid capital controls and more than halved again in Q4. Overall, the stock of group NPLs rose by more... of 2016. Following the last round of their recapitalization process last November, their capital base
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Greece’s dramatic year reflected in ATHEX 2015 results
Economyafter subtracting the Hellenic Capital Market Commission fee, representing a reduction of 25.4... the year, the extended bank holiday and capital controls which contributed to a 23.6 percent drop... is set to propose a dividend of 0.10 euros and capital return of 0.22 per share at the annual general
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Piraeus first Greek bank to repay Pillar II bonds, others to follow
EconomyBankingwill make it the first Greek bank with zero reliance on any of the three pillars of the capital..., capital support was provided to Greek banks in the form of preferred shares, while the second pillar..., of which 5 billion related to capital support (Pillar I) and 23 billion to liquidity, with Pillar II
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Greek stocks jump 2.8 pct during week on improved market sentiment
Economythe conclusion of the sale of its banking operations in FYROM to the Swiss Silk Road Capital. According to the bank, the transaction is capital neutral and is part of its restructuring plan. Alpha also said that Blackrock stake in its share capital fell below 5 percent. MSCI announced on Thursday evening
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Eurobank turns profitable in Q1 for first time since Q3 2011, with net profit of 60 mln
EconomyBankingmillion) adding that both transactions are expected to be capital accretive with positive P&L impact... the conference call that this would be more challenging before the full lift of capital controls... and 0.3 billion to other securities. On the capital front, the bank’s phased-in Common Equity Tier 1
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