Greece needs to have its biggest lenders recapitalised
by the end of the year, EU Commission Vice-President Valdis Dombrovskis said on Tuesday.
The firm has recapitalised
and, as part of the restructuring, both the firms will pool their assets into a Au250m portfolio.
The agency said that the battered banking system is unlikely to be recapitalised
soon, as factors such as a plunging currency, extended recession and bad loans are expected to continue to take a toll on the banking system.
When asked if the support fund would be recapitalised
, Sheikh Ahmed bin Saeed al-Maktoum, Head of Dubai's Supreme Fiscal Committee, reportedly said, "No, we do not need to do anything like that.
Earlier Friday German Chancellor Angela Merkel said banks could not be retrospectively recapitalised
via the ESM, which is the euro zone's permanent bailout fund.
Dr Douglas said a number of bidders had demonstrated an interest in purchasing the recapitalised
portfolios of BAICO's business, and they were now being engaged with a view to concluding the sale transaction this year.
n the eve of the Berlin summit, International Monetary Fund chief Christine Lagarde, who was the first to call for banks to be urgently recapitalised
, met the French leader in Paris.
With the committed support of its two major customers we are confident that the recapitalised
Exicom will provide substantial upside for all shareholders.
IMF mission chief Delia Velculescu on Wednesday confirmed that the movement will be recapitalised
without a depositor 'bail-in', though how it will receive and pay back the roughly e1/41.
Global Banking News-October 30, 2012--Greek banks could be recapitalised
through shares(C)2012 ENPublishing - http://www.
Ultimately the major banks need to be recapitalised
, but not recapitalised
by an unreachable amount of money," he said.
Cooperative credit institutions in need of aid from the state will not be recapitalised
before their restructuring plans have been formally approved under state-aid rules.