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Newsletter 47 - 16/10/2015
outcome relative to GDP, which remains unchanged at -0.24 percent. Eurosystem bank funding slips Greek banks’ Eurosystem funding slipped for the third straight month in September, when it fell by 1.58 billion euros, taking the total reduction during this period to 5.19 billion. Eurosystem funding
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Newsletter 52 - 20/11/2015
funding drops The level of Eurosystem funding for Greek banks dropped for the fourth consecutive month in October, when it eased by 2.01 billion euros. This means that since July central bank funding has dropped by 7.19 billion to 119.38 in total. At the same time, the ELA funding of Greek banks
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Piraeus posts 1.24 bln loss in Q4 on jump in loan provisions
EconomyBankingbillion for the full year, on higher funding cost related to increased reliance to the Emergency Liquidity Assistance (ELA) funding. Similarly to Alpha and Eurobank, Piraeus also posted a marked QoQ rebound... coverage ratio at 47 percent. Eurosystem funding fell by 3.1 billion QoQ to 32.7 billion in Q4
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Eurobank turns profitable in Q1 for first time since Q3 2011, with net profit of 60 mln
EconomyBankingto 382.8 million mainly driven by lower funding cost resulting from a reduction in Eurosystem funding.... As expected, Eurosystem funding further dropped in Q1 to 22.9 billion in March from 25.3 billion in December, while has slipped to 22.8 billion in May. The breakdown shows ELA funding currently stands
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Marginal deposit flow in April for second straight month
EconomyMacroeconomy’ reliance on Eurosystem funding dropped for the tenth consecutive month by 1.88 billion to 99.57 billion in April. The monthly drop is entirely due to a fall in ECB funding by 2.57 billion, while the Emergency Liquidity Assistance (ELA) funding rose by 690 million in April. Central Bank funding has
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Marginal net losses of 2 mln for Alpha in Q1
EconomyBankingattributed the lower core income to the calendar effect. The bank benefitted from lower funding costs due to the reduced reliance on the Emergency Liquidity Assistance (ELA) funding, which was offset... a rise of NPEs by 1.2 billion for the whole year. Eurosystem Eurosystem funding was slightly
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Alpha Bank reports net losses of 16.8 mln in Q2
EconomyBankingmillion euros as the benefit from the lower wholesale funding cost, on the back of lower reliance on ELA funding and reduced usage of pillar II bonds, was offset by lower loan NII. The latter reflects... and impairments of 0.3 billion. The bank’s Eurosystem funding fell by 1.4 billion QoQ to 22.7 billion
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Piraeus Bank posts minor losses in Q4, almost breaking even for 2016
EconomyBankingdown 0.5 percent QoQ to 453.2 million in Q4 as the positive impact from the lower funding cost... Eurosystem funding was reduced by 2.9 billion QoQ to 20.9 billion at the end of December with ELA funding... its interbank funding through EFSF bond repos increased by 800 million QoQ to 6 billion at the end
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Alpha Bank posts net profits of 35.5 mln in Q3, NPEs continue to decline
EconomyBankingwas partially offset by lower central bank funding costs. Fee income also declined by 7.5 percent QoQ... in the previous quarter, and 169 bps a year ago. Balance Sheet Eurosystem funding fell by 3.4 billion QoQ... Liquidity Assistance (ELA) funding has been reduced by a total of 4.1 billion since Q2 to 7.3 billion
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Alpha Bank posts net profits of 65.2 mln in Q1, NPEs fall for fifth quarter
EconomyBanking, funding cost continued to decrease, supported by the ongoing disengagement from ELA support... Sheet Eurosystem funding fell by 2.3 billion in QoQ to 7.9 billion at the end of March, falling by a further 1.7 billion by the end of May. Specifically, Emergency Liquidity Assistance (ELA) funding
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