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First round of HFSF's divestment from systemic banks concludes with 28 bln realised losses
EconomyBanking. The transaction was heavily oversubscribed by 8x, roughly 3x in Greece and 9x abroad. The total stake.... This brings the total intakes from the divestment process to roughly 2.8 billion euros, which translated... in the banks’ share capital. controlling 98.56 percent of Eurobank, 84.39 percent in NBG, 83.66 percent
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Sale of 10 pct stake in NBG ups taxpayer losses from banks to 34 bln
EconomyBanking, reaching a total of 7 billion euros in offers. The transaction was split 70-30 between... The total revenues from all the moves to divest from the four systemic banks now stand at 3.43... became the dominant shareholder in the banks’ share capital. controlling 98.56 percent of Eurobank
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Greek banks conclude series of corporate actions as part of restructuring
EconomyBankingcommercial banks in Bulgaria, with total assets of 3.35 billion in 2015. According to NBG, UBB will pay... of the transaction stands at 76.1 million euros, while Alpha’s total proceeds will amount to 143.3 million..., the transaction is capital neutral for the bank. The bank announced on December 21 that it completed
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Tsakalotos and Stournaras raise objections to IMF assumptions
EconomyProgrammereturns in 2016 stood above 6 million corresponding to a total population of 10.8 million, which... countries have been defined as the difference between the total amount of expenditures and contributions... that Greek banks will need a capital buffer of 10 billion euros “without explaining why this is the case
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Newsletter 132
euros to total 4.86 billion euros. After recording a surplus in the previous month, the Public... in the ELA ceiling for Greek banks was approved this week by the ECB. This brings the total to 33.6... to grow out of their NPL problems.” The IMF is concerned about the strength of Greek banks capital
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Tsipras concludes US trip with focus on geopolitics and investments
PoliticsGreek Politicscreated by the apparent agreement to upgrade Greece’s F-16 fleet for a total cost of 2.4 billion dollars... Tzanakopoulos clarified that Athens would only pay 1.1 billion euros of this total and that the payment would..., ABS, Silver Point Capital and Greylock Capital took part in the meeting, along with Economy
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Eurobank net profits decline by 22.5 pct in 2017, NPE reduction beats target
EconomyBankingthe total impact for the first year is expected at 16 bps. Capital The phased-in Common Equity Tier 1.... In total, the management noted that NPE stock fell by 2.5 billion year-on-year (YoY) to 20.1 billion... income rose by 4.7 percent QoQ to 69.9 million, driven by fees from lending, network, capital markets
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Alpha Bank's net profits decline to 21.1 million in 2017, fourth quarter makes loss
EconomyBankingAssistance (ELA) funding was reduced by a total of 6.2 billion since December 2016 to 7 billion in December... million QoQ to 29.3 billion, driven largely by private deposits (households). On an annual basis, total... bps of capital, which is lower than industry analysts had estimated. In anticipation, accumulated
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GDP up by 2.3 pct year-on-year in Q1 on strong export growth
EconomyMacroeconomyconsumption represents the majority of GDP, making up 88.1 percent of the total figure in Q1... represents almost 21 percent of the total. The latest MoF budget tabled at the end of 2018 estimates... a 1.7 percent decline in expenditure by the general government. Gross capital formation also rose
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NBG reports net profits of 131 mln in Q1, accelerating profitability
EconomyBankingin Q4. The total Greek deposit yield was unchanged QoQ at 40 bps, while the loan yield came to 379 bps... eliminated Emergency Liquidity Assistance. The total amount currently consists of TLTRO funding from the ECB, with the Bank enjoying a large liquidity buffer. Capital The Common Equity Tier 1 (CET1
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