Exposure to tourism sector a concern for banks despite effort to save season
Eurobank submits final Cairo portfolio to Hercules while BoG mulls bad bank creation
Banks discuss with govt how to release up to 25 bln in emergency liquidity for businesses
NBG results show net profits of 18 mln in Q4 and 484 mln in 2019
Piraeus Bank posts net profit of 49 mln in Q4 and 270 mln in 2019
Alpha Bank posts net profits of 97.1 mln in 2019
Alpha Bank makes loss of 52.9 mln in Q2, reaching profit of 12.3 mln in H1
It was confirmed earlier this year that upon Greece's exit from its final bailout programme, the waiver in place on Greece's government bonds would expire, making them ineligible for the ECB's QE programme. Alpha Bank noted that it was able to maintain its ECB reliance at 3.1 billion euros. As at the end of August, ECB funding reliance was down by around 100 million in the year to date, ELA funding by 5.9 billion, while deposits had increased by 3.2 billion, repos by 2.6 billion along with 500 million euros which stemmed from a covered bond issuance.
Overall, the waiver effect had an impact of 1.2 billion on the bank's ECB collateral pool.
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