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Mitsotakis starts second term, prepares to name cabinet and launch reforms amid far-right rise
PoliticsGreek Politicswith responsibility of overseeing the government’s role in Parliament. Former Interior Minister Makis Voridis... to Education, which Niki Kerameus will leave to take over as the new interior minister. Former Citizens... being sworn in again as prime minister and winning an eight-seat majority in the Greek Parliament
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Government tries to contain fallout from breach of voters' data
PoliticsGreek Politicsgiven the ongoing investigation into a potential data breach at the Interior Ministry. The MEP... Data Protection Authority, the Interior Ministry and a public prosecutor. It was also announced on Friday that Interior Ministry general secretary Michalis Stavrianoudakis and New Democracy’s secretary
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Investigations into voter email leak continue despite denials from government
PoliticsGreek Politicsof separate investigations by the Interior Ministry, a Greek prosecutor and the country’s Data...-Michelle Asimakopoulou from the upcoming EP elections and the resignation of a senior Interior... that the email list was leaked from the Interior Ministry during the tenure of the caretaker
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Piraeus Bank posts minor losses in Q4, almost breaking even for 2016
EconomyBankingloan (NPL) formation remained negative for the fourth straight quarter with the Q4 figure increasing to -450 million from -335 million in Q3. In the Greek market, NPL formation stood at -492 million..., the NPL stock declined further by more than 1 billion QoQ to 24.38 billion in Q4 from 25.35
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Piraeus Bank records net losses of 6 mln in Q1, further reduction in NPE stock
EconomyBankingpercent in the previous quarter. Non-performing loan (NPL) formation also turned positive at 423 million... quarter. NPL formation in mortgages and consumer loans stood at 89 and 28 million, respectively, improving from a negative figure in both sectors during previous quarters. However, NPL stock declined
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Cabinet act firms up details of CoCos issuance by Greek banks
Economy“pari passu” to common shares. They bear an annual coupon of 8 percent for the first 7-year period after
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National Bank reveals capital plan, which includes sale of whole Finansbank stake
EconomyBankingas Common Equity Tier 1 (CET1) capital (“pari passu” with common shares) but they are an expensive
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Greek banks' equity raising could keep official support to a minimum
Economy, and hybrid securities is activated. CoCos, which qualify as Common Equity Tier 1 (CET1) capital “pari passu
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Early IMF repayment next goal for Athens after concluding second post-MoU review
EconomyProgrammecreditors due to the pari passu clause. “Also from the ESM perspective, it would make sense to repay
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Newsletter 202 -12/04/2019
the agreement of all creditors due to the pari passu clause. “Also from the ESM perspective, it would make
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