Agora
Posts by Manos Giakoumis
How Greek banks moved into a new era
The core Greek banks reported first quarter (Q1) results in the last three days of May. The release of the results was the last act in a series of important developments for the Greek banking market over the past two months. These developments constitute the third phase of the new era for Greek banks, which started two years ago.
Contributor: Manos Giakoumis
Categories: Economy (328), Greece (495)
Eurobank: From nationalisation to re-privatisation
Few people noticed in July 2012 that a press release published by Eurobank concerning the intention of its major shareholder, EFG Group which was fully controlled by the Latsis family, would signal radical developments for the bank in the near future.
Contributor: Manos Giakoumis
Categories: Economy (328), Greece (495)
Greece's primary surplus: Much ado about nothing?
There has been some confusion about Greece's fiscal statistics this week after the size of the country's primary surplus was confirmed. This is an attempt to clear up some of the misunderstanding.
Contributor: Manos Giakoumis
Categories: Europe (281), Economy (328), Greece (495)
Are investors getting a bargain with Eurobank?
The Hellenic Financial Stability Fund (HFSF) said on April 15 it approved the 1.33-billion-euro offer submitted by a consortium of investors for Eurobank’s capital increase. The approval signals the completion of the first (cornerstone investor) phase covering 46.5 percent of the announced equity raising of 2.86 billion euros.
Contributor: Manos Giakoumis
Categories: Economy (328), Greece (495)
After Q3 results, what next for Greek banks?
The announcement of Greek banks’ third quarter (Q3) results did not result in any major surprises, while at the same time confirming expectations of a domestic net interest income (NII) rebound, cost containment and deceleration in the increase of non-performing loans (NPLs).
Contributor: Manos Giakoumis
Categories: Economy (328), Greece (495)