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  1. Where we stand in the Greek bank recapitalisation process
    Photo by MacroPolis

    Economy

    . At the moment, an asset quality review (AQR) is being conducted by the Single Supervisory Mechanism (SSM... in the AQR and baseline stress test up to a high single-digit figure could be fully covered

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  2. Newsletter 45 - 02/10/2015

    Newsletters

    of December. These mainly relate to the payment of the single property tax (ENFIA) totalling 2.65... of the four core banks, which is being conducted by the Single Supervisory Mechanism of the European

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  3. Greek banks brace for recapitalisation, with Piraeus initiating a bond swap offer
    Photo by MacroPolis

    EconomyBanking

    Following meetings held with the Single Supervisory Mechanism (SSM) of the ECB in Frankfurt on Wednesday and Thursday, media reports indicate that Greek bankers appear more optimistic on the final... that would arise from the AQR and the baseline stress test. A high single digit figure seems feasible

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  4. NBG Q2 trading update shows higher pre-provision income, marked improvement in NPL formation
    Photo by MacroPolis

    EconomyBanking

    easing 0.5 percent QoQ. As expected, Greek deposits posted a high single-digit drop by 9.1 percent... of October and is expected shortly after the release of their capital needs by the Single Supervisory

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  5. Final structure of bank recap taking shape, cautious optimism for outcome
    Photo by MacroPolis

    Economy

    throughout last week. Since the European Central Bank’s Single Supervisory Mechanism (SSM) is expected... of between 15 and 17 billion, of which private investors would have to cover a high, single-digit figure

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  6. Eurobank presents 2.12 bln equity raising plan to cover capital needs
    Photo by MacroPolis

    EconomyBanking

    by the ECB’s Single Supervisory Mechanism (SSM), comprised of an Asset Quality Review (AQR... private investors control a total stake of 34.5 percent. Fairfax is the largest single shareholder

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  7. Newsletter 50 - 06/11/2015

    Newsletters

    Bank capital needs identified Private investor participation to determine final amount of state aid The comprehensive assessment conducted by the ECB’s Single Supervisory Mechanism (SSM) identified... the single largest employer in Portuguese car manufacturing? You may have guessed it: the disgraced

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  8. Greek banks' equity raising could keep official support to a minimum

    Economy

    Following the disclosure of Greek banks’ capital shortfall by the ECB’s Single Supervisory Mechanism (SSM) on October 31, Greek banks submitted their capital action plans to the SSM last week..., Fairfax is the largest single shareholder holding 20.03 percent of Eurobank shares, Capital controls

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  9. Newsletter 57 - 08/01/2016

    Newsletters

    in property prices is the single property tax (ENFIA). As the government has agreed..., no single person can be transformative. There is no figure in Greece at the moment that carries

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  10. Newsletter 59 - 22/01/2016

    Newsletters

    while Tsipras dithered on eurozone "Let's end the memorandums and fascism!" Syriza's single biggest... to represent: transparency, meritocracy and social justice. SYRIZA’s single biggest failing

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