Greek Banks: 2018 Stress Tests
The results point to no capital shortfall for Greek Banks. The market has…
-
-
Greek Banks: Simple only Complicated
Without strong economic growth banks will struggle to…
-
Alpha Bank | Coca Cola | Ellaktor | Eurobank | EYDAP (Athens Water) | Folli-Follie | Food 4 Thought | Fourlis | Frigoglass | Grivalia | Hellenic Exchanges | Hellenic Petroleum | Hellenic Telecom | Jumbo | Motor Oil | National Bank | OPAP | OTE | Piraeus Bank | Research | Sarantis | Titan Cement
Greece: Equities Update
With this note we update our views on Greek equities…
-
Greek Banks: Normalization Is When?
With fundamentals poised to be weak for a long time, all investors can look forward to is lower country risk and/or re-rating catalysts. The latest Eurogroup (see previous notes) did not provide any, in our view; report includes Q&A, detailed asset quality and revised forecasts 2017-2018; spreadsheet includes sector maps FY 2016/Q1 2017 – available…
-
Greek Banks: Frozen
Much like negotiations with creditors over the second review, the outlook on Greek Banks has not changed. Sector trades at 30% of TBV 2017E. Reducing the stock of NPEs is a major challenge. We reiterate our DOI ratings; we have constructed…