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Newsletter 134
. The second pillar of the post-programme strategy is the decision of the June 15 Eurogroup, which the Greek... objective. The combination of the medium-term debt relief measures is the third pillar that the Greek... the previous year to 4.51 billion in the first eight months of 2017. The strongest improvement came
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Greece sends reform list to creditors, here's an outline of what it's likely to contain
PoliticsGreek Politicsmeasures that were included in the first pillar of the Thessaloniki programme that aim to confront... of the second pillar of mainly related to settlement of overdue taxes and protection of indebted borrowers..., by the previous government – Varoufakis said that they will be considered as part of the 15,000 hirings
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Marginal net losses of 2 mln for Alpha in Q1
EconomyBankingof 22.8 billion, the majority (15.3 billion) relates to loans, 3.5 billion to pillar II bonds, 2 billion to bonds and 1.9 billion to securitisations. It is worth noting that Alpha reduced its pillar... that burdened the previous quarter. The bank had booked the cost of a voluntary retirement scheme
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NBG turns profitable in Q3, NPE stock drops further by 1 billion
EconomyBankingmillion on the back of lower pillar II costs, while insurance income almost halved QoQ to 12... to 4.8 billion in Q3. It is worth noting that NBG eliminated its pillar II exposure at the beginning... in the previous quarter. The cash coverage ratio fell to 72.9 percent in Q3, from 74.7 percent in Q2
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Piraeus Bank posts net loss of 1.56 bln in Q3
EconomyBankingbank bonds (pillar II), which would not qualify for ECB eligibility as of March 2015, amount to 5.3... bond purchase program and repo the retained covered bonds and securitisations to offset the pillar II... significantly rose to 58 percent in Q3 from 51 percent in the previous quarter and is currently the second
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SYRIZA hits back in funding row, says it could issue T-bills and use repos
Economyin November 2008 and refer to the pillar II and III of a liquidity support programme for Greek banks... previous decision and continue accepting those bank bonds as of March. According to Greek banks’ financial statements for Q3 2014, the cash value of pillar II bonds used for ECB funding stood at 21
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The state of play with Greek banks' liquidity
Economyhad placed with the ECB such type of collateral (Pillar II bonds) with a cash value of 21 billion.... Taking into account that pillar II bonds are eligible for ELA funding and Greek banks may also use... outflows since Greece accession in the eurozone in 2002. The previous peak was in May 2012 when outflows
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ECB refuses Greek government bonds as collateral: What does it mean?
Economythough that ECB-eligible collateral (pillar II bonds) with a cash value of 21 billion euros (at the end of September) would no longer be eligible for ECB funding as of March 1 following a previous ECB... mainly using pillar II and III bonds, GGBs and potentially some of the securitisations that were
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Piraeus Bank’s bottom line turns profitable with 20 mln net profits in Q2
EconomyBankingeuros on the back of lower Greek deposit cost and pillar II costs. Fee income also rose by 8... stands at 5.7 billion. It is worth noting that Piraeus was the first bank to eliminate pillar II bonds... in the previous quarter leading the NPL ratio down to 39.2 percent in Q2 from 39.8 percent in Q1
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Eurobank net profits at 19.7 mln in Q1, merger with Grivalia Properties complete
EconomyBankingand 2021. Reductions in 2019 are expected to come from the sale of the Pillar portfolio (2 billion... by the bank for the Pillar portfolio of residential mortgage NPEs worth roughly 2 billion euros. Non... 67.6 percent in the previous quarter. The drop in NPL formation was driven by drops in three out
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