Displaying items by tag: recapitalization
Greek bank stock in downward freefall
Piraeus Bank shares collapsed by 29% to 1.161 euros - Eurobank shares lost 17.3% - National Bank dropped by 10.21% and Alpha Bank by 4.59% - The interest rate of Greece's ten-year bond stood at 4,267%
What of banks after the multi-bill?
Structural reforms have been the focus of the new multi-bill, which narrowly passed in parliament last night, but bank recapitalization was another important provision. It is expected to change the rules of the bank game and assist banks in their transactions and bail-in needs.
Where Do Greek Banks Stand Today?
Systemic Greek banks, which have already received 41 billion euros in an injection of state money from previous tranches of bailout funds received by Greece, will need another 6.4 billion, and according to stress tests performed by BlackRock Solutions, less than the nine billion estimated is from international lenders.