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Alpha Bank remains profitable in Q2, NPEs reduced further
EconomyBanking. Provisions are seen close to 1 billion in 2017. Balance Sheet Eurosystem funding fell by 2 billion QoQ to 15 billion in June and by another 2.5 billion euros until August. Specifically, the Emergency...), higher bond income and lower funding cost, which outweighed a slight drop in loan and deposit income
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Alpha Bank's net profits decline to 21.1 million in 2017, fourth quarter makes loss
EconomyBanking191 bps in 2016. Balance Sheet Eurosystem funding fell by 8.2 billion in 2017 to 10.2 billion in December and by another 2.1 billion euros until March 2018. Specifically, Emergency Liquidity... funding costs on the back of reduced ECB dependence. On an annual basis, NII was roughly stable
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Reflections on Greece's balance of payments
Agora” position. This has a clear explanation: the Greek foreign debt was issued until around 2010 mainly... in 2009 when the funding stopped with the onset of the Great Recession. Then, between 2009 and 2014... of the euro area partner countries, the ECB, and the IMF helped Greece with unprecedented funding
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For 2026, PDMA sticks to debt strategy that proved successful previously
Economyinterest rate of 3.1 pct in the same period and primary surpluses in the region of 2 pct until 2070... to achieve four main objectives: Enhancing market access, containing funding costs and debt related risks... and maintaining regular market operations. The funding costs and risks containment will be achieved
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Greek deposits edge up for second month in April, reach 161.3 bln
EconomyMacroeconomythat had been posted until June 2012, when the last general elections were held. Although Greek banks’ deposit base has not improved in 2014, their reliance on Eurosystem funding has retreated by 11 billion... in May. Lower funding from the ECB is attributed to higher interbank lending and continued
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IMF report sees a number of risks lying ahead for Greece
EconomyProgramme, but it was postponed until June 10, one day after the cabinet reshuffle and the appointment of a new finance... of alternative funding have decreased the projected 2020 debt ratio by 1 pp each. Debt sustainability..., there is a funding gap of 12.6 billion in 2015, notably for the seven months after May 2015
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A Greek proposal that deserves to be heard
Agorauntil the end of 2017, it would also allow Greece to benefit from QE as it would no longer be above... and repayments to the International Monetary Fund that create a major funding hump of around 24... reduce its funding needs in the mid-term and help Greece regain market access through eligibility
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Banking system showed deposit inflows for second straight month, at 531 mln in Sept
EconomyMacroeconomyby a total amount of 4.1 billion to 86.9 billion on October 22 for a 2-week period until November 4... for almost 70 percent of that month’s outflows. At the same time, Greek banks’ Eurosystem funding... at the end of September. Over the past three months, Central Bank funding has fallen by a cumulative
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Banks’ EFSF bonds QE eligible but with little impact on liquidity
Economyin the programme. The bulk of banks’ EFSF bond holding were used until now as collateral for ECB funding... in the form of ECB funding with the cash they would get from the EFSF bond sales reducing accordingly their ECB funding reliance, which is currently provided at almost zero interest rates. From an accounting
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Deposit flow turns positive in May with inflows of 184 mln
EconomyMacroeconomyby 3.9 billion until July 6, which indicates the sharpest drop since December. The last ECB decision... billion respectively. A the same time, Greek banks’ Eurosystem funding fell for the eleventh... in the Emergency Liquidity Assistance (ELA) funding by 2.08 billion to 64.81 billion, its lowest level since
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