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Newsletter 84 - 29/07/2016
Capital controls eased Banks urged to proceed with loan restructuring Following the approval... of measures easing capital controls in the Government Gazette. The most important relates... in the wake of the newly eased capital controls. On Tuesday the central Bank of Greece (BoG) published
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Newsletter 85 - 05/08/2016
successive Although capital controls have been eased, S&P does not expect any meaningful deposit inflows... losses, coupled with the return of the unused 10.93 billion EFSF bonds, partly mitigated by a capital.... Following the relaxation of capital controls, S&P upgraded the four core Greek banks’ ratings from SD
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Newsletter 89 - 23/09/2016
in capital goods grew at the double-digit rate of 14.4 percent, with consumer durables and intermediate... to lower net transport receipts, mainly attributed to capital controls. Travel receipts fell... deposits were plummeting and capital controls were being imposed will only compound suspicions
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Alpha and NBG complete sales of hotels
EconomyBankingdebt, which amounts to 67 million. Alpha said that the transaction is capital neutral. Its Common... (HRADF) that resulted after a recent capital increase. According to reports, Apollo Investment..., as “it will enhance its liquidity and capital and further reduce its non-banking operations allowing
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The key elements of the draft agreement between Greece and lenders
EconomyProgrammestability Another area of significant importance is the one on the financial system and capital...) will send a quarterly report to the institutions including key statistics related to capital controls..., MoF and BoG will have to publish a roadmap for the relaxation of capital controls outlining
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Greek banks conclude series of corporate actions as part of restructuring
EconomyBanking, the transaction is capital neutral for the bank. The bank announced on December 21 that it completed... stood at 197 million euros. According to Eurobank, the transaction is capital neutral for the bank... is expected to improve the Piraeus’ CET1 ratio by 15 bps. PBC also concluded a capital increase of 40
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Government seeks to appease banks over ADMIE privatisation
EconomyMacroeconomyof a 51 percent stake in ADMIE to that company, the reduction of PPC share capital and a capital return... estimated value stands at 491.84 million euros and this amount would constitute the share capital
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PPC general meeting approves unbundling of ADMIE
EconomyMacroeconomyto that company, the reduction of PPC’s share capital and a capital return in kind to its shareholders (carve... to the holding company stands at 491.84 million euros and this amount would constitute the share capital
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S&P affirms Greece’s rating, outlook remains stable
Economyincremental, relaxation of capital controls. Moreover, the unemployment rate is seen falling by 2 percentage... capital into sectors that could create employment. Greece’s ratings could be upgraded in case of stronger growth, progress in reducing the huge stock of banks’ non-performing loans, lifting of capital
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Tsakalotos and Stournaras raise objections to IMF assumptions
EconomyProgrammethat Greek banks will need a capital buffer of 10 billion euros “without explaining why this is the case...’ capital needs and underestimated the impact of excess capital to the domestic economy, said
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