Tag Archives: Bank recapitalisation

Key highlights of latest IMF report on Greece

The Executive Board of the IMF completed on January 16 the first and second review of Greece’s economic performance enabling the disbursement of the €3.24 tranche. Following Executive Board’s discussion, IMF Managing Director Christine Lagarde issued a brief statement with … Continue reading

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Key highlights of BoG report on the recapitalisation and restructuring of Greek banks

Top-4 (core) banks released 9M’12 (as well as H1’12) results on December 20 & 21. Unlike previous quarters, the key focus was on the disclosure of their capital needs rather than their financial performance, which mainly reflected the prevailing adverse … Continue reading

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Key highlights of BoG interim report on Monetary Policy

BoG released on December 3 its interim report on Monetary Policy. We summarize below the key highlights: The latest developments in Greece and the EU send out positive signals. Greece is mobilising both at home and abroad to make up … Continue reading

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Latest update on Greek banks’ capital needs and recapitalisation process

An updated draft MoU dated on November 27 details the identification of Greek banks’ capital needs and their recapitalisation process. Note that the recapitalisation framework was released by MoF through by a cabinet ministerial act on November 12.

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Key highlights of ministerial cabinet act on Greek bank recapitalisation terms

Through the release of a ministerial cabinet act, MoF unveiled on November 12 the long-awaited Greek bank recapitalisation scheme. Although, most of the announced terms were rumoured or leaked in the local press in the past few weeks, there was … Continue reading

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Draft plan on Greek bank recapitalisation terms

Local press unveiled today the (final) draft plan on Greek bank recapitalisation terms, which is due to be discussed and approved at a meeting with the Hellenic Bank Association scheduled today at 1pm. Same sources indicate that recap terms may … Continue reading

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Latest update on Greek bank recapitalisation

With Greek bank recapitalisation needs and terms still pending and unclear, it is worth noting Eurobank Deputy CEO N. Karamouzis estimates, as they were presented at a recently held bank event in Cyprus. As it is already known top-4 Greek … Continue reading

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New (final?) round of discussions on bank recapitalisation is launched

Recent press reports indicate that the long-awaited new – and most likely final – round of discussions on bank recapitalisation framework and terms has been launched. Same sources note that the deadline for the finalisation of all pending issues, which … Continue reading

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