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Finance Ministry waits for new property values as talk of bad bank gathers pace
EconomyProgrammedebts from Greece’s lenders has been around for several years but has stumbled on the capital... in capital would be required for the creation of a bad bank in Greece. It did not clarify how... as it is not clear where the capital would come from.
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Alpha Bank's net profits decline to 21.1 million in 2017, fourth quarter makes loss
EconomyBankingbps of capital, which is lower than industry analysts had estimated. In anticipation, accumulated... to around 50 percent. Capital The Common Equity Tier 1 (CET1) ratio stood at 18.3 percent, up by 51... continuing efforts to strengthen capital ratios, reduce Eurosystem funding and contain costs, as well
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EquiFund makes official launch in bid to grow Greek businesses
EconomyFeaturesThe hotly anticipated venture capital fund, EquiFund, which aims to foster business growth..., the country has the lowest levels of venture capital and private equity activity in the European Union according to Invest Europe, the European venture capital and private equity association. EquiFund’s
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Focus of banking sector commitments shift to NPL reduction, debt restructuring framework
EconomyProgrammethe accelerated stress tests and not being in need of any extra capital. Now, the focus of the European... quarterly key statistics related to capital controls as well as providing an assessment and proposals for the process of relaxing the capital controls. The goal is to abolish them while ensuring the minimum
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How 'clean' can an exit be? Athens snared between Rome and Berlin
Agorato international capital markets neither make such an option necessary nor politically desirable... even consider such a move, capital markets would trounce Greek government bonds. A cash buffer has... capital markets for sovereign debt refinancing arrangements also includes accepting that these markets
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GDP up by 2.3 pct year-on-year in Q1 on strong export growth
EconomyMacroeconomya 1.7 percent decline in expenditure by the general government. Gross capital formation also rose... capital formation grew by 1.3 percent QoQ following an upward revised increase of 10 percent in Q4. On an annual basis, gross capital formation shrank by 12.1 percent after having risen by 22.7 percent
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Fiscal Council endorses fiscal and macro assumptions but warns of potential obstacles
EconomyMacroeconomyto take hold of solid growth over the coming years. Gross capital formation is seen growing by 11 percent... of capital controls is seen as a positive factor towards investment spending growth, the fact... depressing imports as disposable income collapsed and recently due to capital controls, the Council
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Growth conditions improving but more work needed over longer term, PBO suggests
EconomyMacroeconomysuch as the restriction on capital flows after the capital controls of 2015, and external factors... and privatisations should be emphasised to drive job creation and generate sustainable fixed capital
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NBG remains profitable in Q2 with net results of 21 mln
EconomyBankingof 6 percent of the principal amount, which they said represents the most capital accretive... November 2017, assisted by capital actions. The current amount consists solely of targeted longer-term... covered bonds. Capital The Common Equity Tier 1 (CET1) ratio stood at 16.2 percent in Q2 from 16.5
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BoG provides details of ambitious plans to slash NPLs via SPV
EconomyBanking, the share of DTCs in regulatory capital will fall to 30 percent from 57 percent and the coverage ratio... banks will maintain double-digit capital adequacy ratios. These estimates have not taken into account strengthening of pre-tax income and possible adjustment of capital risk weights upon completion
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