In this RG F4T we focus on the recapitalization of the Greek banks. Our aim is to outline the most important aspects of this process which authorities aim to complete by year-end and before the bail-in directive kicks in. As per most recent press stories the recap amount will not exceed E15bn – i.e. much…
In this RG F4T we focus on some press articles citing the possibility Grivalia Properties to buy the three biggest malls in Greece from Lamda Development.The purpose of this RG F4T is to provide for some back of the envelope calculations…We believe the two parties involved may be interested to concluding on …to access this report…
With this note we focus on the upcoming election (Greek roulette) and possible outcomes – provide our view on the banks – we screen our non-bank universe for FCF and earnings in 2017 and 2018. Election day, +1; Will ND and Syriza team up? If yes, the government commands … If they don’t team up…
Stress test assumptions have not been disclosed yet therefore we are assessing banks’ capital needs using our own AQR (NPE & Collaterals), PPP (mitigating) and DTC (cap % TBV) scenario. Alpha and National screen best (expected). We believe banks should exploit the full E25bn recap money as the second best thing to a bad bank…
We believe a parliamentary election may take place by year end – a newly elected government should eliminate some of the inherent political risk, fingers crossed. The latter argument is build on the assumption Mr. Tsipras is to implement the third MoU and receive E86bn…to continue contact@researchgreece.com