Greek Banks

In Europe 23rd March 2016

Greek banks: Taking Stock Of A Rough 2015 And Looking At What Lies Ahead

Manos Giakoumis via Macropolis | Greek banks concluded the release of fourth-quarter (Q4) results in the first half of March. All core banks posted net loss at the bottom line largely due to one-offs, higher provisions and seasonally increased operating expenses.

In Europe 10th November 2015

Now comes the really hard part for Greece

One of the main reasons that Alexis Tsipras wanted to hold elections as soon as possible after agreeing the third bailout in August was that it gave him the best chance of obtaining a fresh mandate before the impact of the latest set of fiscal measures was felt by the average voter.

Uncategorised 5th November 2015

Greek banks will not need full amount of EU bailout

Athens may need no further than €10 billion to recapitalise its main financial institutions. These are the funds in the Hellenic Financial Stability Fund to cover the sector’s requirements. Looks like in Brussels there is a broader consensus that the figures revealed by the ECB are “encouraging”.

In Europe 3rd November 2015

This Is What The ECB’s Comprehensive Assessment Tells Us About Greek Banks

Manos Giakoumis via Macropolis | The ECB’s Single Supervisory Mechanism (SSM) disclosed on Saturday morning the outcome of the comprehensive assessment on Greek banks that showed capital needs were broadly manageable and in line with recent market rumors and media reports.

In Europe 29th July 2015

Varoufakis and his friendly fire

ATHENS | Macropolis | The last thing Alexis Tsipras needed right now is his talkative former Finance Minister Yanis Varoufakis to reveal that he had been working on establishing a parallel payment system in the government’s first months in power.

In Europe 23rd July 2015

For Greek banks, it’s business as unusual

ATHENS | July 23, 2015 | By Jens Bastian via MacroPolis | Now that the rather bizarrely termed “bank holiday” has come to an end in Greece after three weeks – although domestic and external capital controls – continue, it is appropriate to take stock of the situation and inquire where do we go from here.

In Europe 20th July 2015

Greek banks open today

MADRID | July 20, 2015 | By JP Marín Arrese | Emergency loans to ensure Greece pays back its sovereign commitments in the coming weeks might fail to save it from the dire financial collapse it faces.

In Europe 15th July 2015

Greek banks in intensive care: What lies ahead?

ATHENS | July 15, 2015 | By Manos Giakoumis via MacroPolis | Among the measures the Greek government has committed to legislate by July 22, according to the Euro Summit statement is the transposition of the Bank Recovery and Resolution Directive (BRRD).

In Europe 10th July 2015

UBP on Greek crisis: “There may be positive and negative surprises”

July 10, 2015 | By Patrice Gautry (UBP) | With the Greeks returning a “No” vote in Sunday’s referendum, the country has moved one step closer towards leaving the eurozone, or “Grexit”. However, Grexit is not automatic and many scenarios may develop, depending on the ECB’s attitude and political developments during the upcoming negotiations

In Europe 7th July 2015

Greece’s temporary suspension from Euroland

MADRID | July 7, 2015 | By JP Marín Arrese | Taking a shot at sorting out some kind of Grexit to solve the current mess seems unavoidable. Despite the efforts both parties have said they are ready to make to try to keep Greece on board, there is little chance of reaching an agreement in time. Temporary suspension from the eurozone might turn out to be the only plausible answer.

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