You are on page 1of 14

2013

2014


. 21
102 50

. +30 210 320 5103
Fax +30 210 320 5419
: www.bankofgreece.gr

165(8) . 4099/2012 ( 250A).
ISBN : 978 - 960 - 7032 - 60 - 7

I.

1.
,
, ,
()
(), ,
,

.
.
2012 2013 ,

( ATEbank ), . ,
,
2013.
2013,
, .
(), ,
Alpha Bank Eurobank,


2012
3864/2010
38/2012.1
,2 Eu-

. , , 2012.
2
3,1 . .
1

robank

(). ,

.
,
,3
.4 ,
90%
.
,

2013, ,

2013.5 ,
, -

First Business Bank


Probank, , -. ATEbank,

Millennium Bank, Geniki Bank. Alpha
Bank Emporiki Bank
, . Eurobank Proton
Bank .
4
,

2012.
5
,


.
3


- 2013
2014


,
(European Banking Authority EBA),
, ,
.6

. ,


BlackRock Solutions Rothschild.
, (. 95%
)
:
, BlackRock (. ),

2.

,7

/ / .

2013,8

(. I.1).

/ / . , , ,
, ,
,
, :

26%
2008-2015
(

29%).9


(. IV
).

BlackRock Asset Quality Review and Credit


Loss Projection Methodology (March 2014).
8
, Country Report No. 13/241
Fourth Review under the Extended Arrangement, 2013.
9
Reinhart C. and Rogoff K., This time is different: Eight
centuries of financial folly, Princeton University Press,
Princeton and Oxford, 2009.
7

. 2013.


- 2013
2014

I.1
( %)

2013

2014

-4,2

2015

2016

2013

0,6

2,9

3,7

-4,8

-6,8

-0,7

0,8

2,0

27,0

26,0

24,0

21,0

2014

2015

2016

-2,9

-0,3

1,0

-7,4

-4,2

-2,4

-0,7

27,1

27,0

26,0

23,0

-0,8

-0,4

0,3

1,1

-1,1

-0,9

-0,4

0,4

-12,5

-6,2

-2,0

0,0

-13,6

-12,1

-8,5

-4,2

-10,5

-6,7

-1,4

-0,7

-15,0

-11,8

-8,6

-4,8

: , , .
1
().

,
,

,


2012 ( )
2020.

3.

2013
BlackRock,
, . ,
2013.

, BlackRock ,
.10
2011,
2013 :
.

, .
BlackRock Asset Quality Review and
Credit Loss Projection Methodology (March 2014).
10


:
(i)
(Troubled Assets Review TAR)
, ,

.11

2013

.
, // [ ]
2013 .
11


- 2013
2014

, ()
90 (default rating), ()


90 .

: ,
,
.
,
,

.

.
(ii) T (Asset Quality Ratio
AQR)
,
.


.

,
. ,


(on-Performing Loans NPLs).

: ()

()
, ,

.

.
, 47%
, BlackRock .
, BlackRock
,

, .
BlackRock
,
.
, BlackRock



.
(iii) T
(Credit Loss Projections CLPs)
2013 ( 2013- 2016)
,
.

- 2013
2014


, BlackRock
:
,
,

,

(),
,
,
.
, BlackRock



, ,
. ,
BlackRock

.. ,

.

.
H BlackRock (transition matrices) /

.


-

(.. ,
, ,
), .
,
.
, BlackRock TAR
AQR , .. ,
, ,
.
, AQR

(CLPs)

.

(CLPs)
(
) ,
.
,
(CLPs)

(on a when realised basis)
. , BlackRock ,

- 2013
2014

(CLPs)
(on a default basis).
(iv) T
(Foreign Loan Book FLB)

, ,


. 70% .
, BlackRock
94%
.
BlackRock


,

. ,
BlackRock


(Probability of Default) (Loss Given Default)

, 2013. , BlackRock

.12

, , , , , .
12

4. TOY
OY


(CLPs)
(. ).
, BlackRock
:
, (i)

(ii)
.
,
.


BlackRock. ,
BlackRock .
,
(CLPs)

top-down
- 2013
2014

()
2011.

,
BlackRock (
FLB, ) .
,
,
.

5.

2013
, Rothschild.
,
13 2013- 2016 (. IV
), :

(Core Tier 1 ratio
CT1 ratio) 8% ,

(CT1 ratio) 5,5%
.

-


2014
. ,



2014.

(DTAs),
,
2011 (. DTA 20%
DTA ).


,
2014.


.
bottom-up
.

2013- 2016,
(DG Comp).
,
( -

Core Tier 1
Common Equity Tier 1 .
13


- 2013
2014

).14


, BlackRock

(on a when realised
basis)
2013
2016 (. ).

,

2013, .15



(. IV.1 ):



,
(.
)16


(
DG Comp).

: (CLPs)

2013-
2016 (i) (ii) ,

.
: 2013 2016

.


2013 2016.
,

:

,
(CLPs)

:

30 2013,

,
.



2014.
15


20%
.
14


, 15%.
16


- 2013
2014

10


1:1.

,
.
, ,

2016 :
95%
, BlackRock 85% ,
52%17 , BlackRock
2016 .

2011

.

(.
)18

2013 67%
.
,
:
,
.

,


.
,

. ( 2016) 100%
BlackRock.
91%.

75%
52%
.

, (

BlackRock).
BlackRock.

17

48,3% 2013
46,2% 2011.
18


- 2013
2014

11

I.1 ( 2013
2016, )
(. )

: .

,
.
,


(ELA),19

.
,

FLB, , ,
.

, ,
,
,

. , , 20%
. ,


.




. .
19


- 2013
2014

12

I.2 ( 2013 2016, )


(. )

Alpha
5

Eurobank


(. 2013)
(1)

(.
2013)
(2)

CLPs

2
(3)

CLPs

3
(4)

4
(5)

8%
(. 2016)
(6)


(7)=(6)(1)-(2)(3)-(4)(5)

7.380

10.416

-14.720

-2.936

4.047

4.450

262

2.228

7.000

-9.519

-1.628

2.106

3.133

2.945

4.821

8.134

-8.745

-3.100

1.451

4.743

2.183

8.294

12.362

-16.132

-2.342

2.658

5.265

425

225

403

-888

106

243

397

61

66

-237

-26

31

169

23.009

38.380

-50.241

-10.005

10.341

17.866

6.382

: .
1
ABB, Credicom
.
2
CLPs 11.
3
CLPs 8 10.
4
2013 2016, .
5
Eurobank 2013 pro
forma Proton ( 1,7 .) 2013.
6
2013 pro forma
FBB Probank.



2013.
,

2016,



(Risk Weighted Assets
RWAs).

,

2014. -

.

6,4 . (. .1
.2).

2013 .

2014
.


- 2013
2014

13

6.

,
,

(..
, , ,
,
..),
.


- 2013
2014

14

You might also like