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A snapshot of Greek banks' ABS as ECB readies for next move The European Central Bank (ECB) announced on September 4 that it will proceed with a large-scale purchase of asset-backed securities (ABS) as well as euro-denominated covered bonds issued by eurozone banks starting from October.
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EconomyMacroeconomy
Greek time deposit rates fall further in August The interest rate on households’ new time deposits dropped by a further 15 basis points (bps) to 2.13 percent in August, according to the Bank of Greece (BoG).
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EconomyBanking
Value of HFSF participation in Greek banks falls to 17 billion The publication of the Hellenic Financial Stability Fund (HFSF) interim financial report for the first half (H1) of 2014 showed a loss of 3.51 billion entirely due to accounting loss (unrealized capital loss) of 3.5 billion stemming from its bank holdings and warrants.
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EconomyMacroeconomy
Greek deposits up 0.6 pct to 164.23 bln in August, which sees year's highest inflows Greek private sector deposits rose 0.6 percent month on month (MoM) for the sixth straight month in August, with balances reaching 164.23 billion euros, according to the Bank of Greece (BoG).
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EconomyMacroeconomy
Credit in Greece contracts by 3.5 pct in August The rate at which credit to the Greek private sector is contracting slightly eased to 3.5 percent in August from 3.7 percent in July, according to the Bank of Greece (BoG).
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Economy
Greek banks' potential capital shortfalls set to be reduced by more than 2.5 bln Greek media reported on Tuesday that the Ministry of Finance (MoF) will soon table in Parliament a draft bill which will allow the conversion of Greek banks’ Deferred Tax Asset (DTA) into tax credit.
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EconomyMacroeconomy
Greek banks' Eurosystem funding declines by another 53 mln in August Greek banks’ Eurosystem funding slipped by just 53 million euros in August - the slowest pace of decline in 2014, according to the Bank of Greece's (BoG) monthly financial statement.
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EconomyMacroeconomy
Loan rates rebounded in July, deposit rates continued heading south The interest rate on households’ new time deposits fell by another 11 basis points (bps) to 2.28 percent in July, according to the Bank of Greece (BoG).
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EconomyBanking
Piraeus Bank reports net profit of 164.3 mln in Q2 Piraeus Bank reported net profit of 164.3 million euros in Q2 from a loss of 246.6 million in Q1.
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EconomyBanking
Eurobank reports net loss of 301.1 mln in Q2 Eurobank reported a net loss of 301.1 million euros in the second quarter (Q2) from 207.4 million in Q1.