Alpha Bank enters agreement with Davidson Kempner for 10.8 bln Galaxy securitisation
Hercules nears end of its first cycle with National Bank's participation
BoG warns pandemic will leave trail of bad loans, hastening need for new tools
Banks end year with continued bad loan sales
NBG results show net profits of 602 mln euros in 9M
Alpha Bank Q3 results reflect net profits of 43.8 mln
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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