Eurobank’s NPL sales take major step with two transactions
Greek banks maintain focus on key areas as elections approach
Card usage gains traction with debit cards leading the way, BoG finds
Piraeus Bank issues Tier II bond to strong demand
NPEs down by 13 pct to 81.8 bln in 2018, but BoG highlights continuing credit risk
Piraeus confirms deal with Intrum for 27bln in NPLs as Eurobank launches SPV
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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