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Greek banks: Taking stock of a rough 2015 and looking at what lies ahead
Agorato guide for reducing or even eliminating use of pillar II bonds in the course of 2016..., with pillar II bonds next at 15.4 billion, while Greek government bonds and T-Bills as well
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Eurobank turns profitable in Q1 for first time since Q3 2011, with net profit of 60 mln
EconomyBankingand Greek government guarantees (pillar II bonds). As a result, the net interest margin (NIM) further... to credit claims, 4 billion to pillar II bonds, 1.3 billion to Greek government bonds (GGBs) and T-Bills
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Piraeus reports net loss of 37 mln in Q1, records negative NPL formation for first time since 2008
EconomyBankingto loans and other (15 billion), while the cash value of the used pillar II bonds stood at 1 billion. It is worth noting that the bank has eliminated the use of pillar II bonds since the end of April
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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... II bonds (bearing an interest cost of 150 bps above that of the ECB funding and a fee cost of 115
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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
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Eurobank posts net profits of 38 mln in Q4 and 230 mln in 2016
EconomyBankingfunding, pillar II bonds and deposits. For the whole year, NII increased by 5.8 percent largely due... of 7.2 billion in December, while the nominal value of pillar II bonds dropped further to 2.5
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Alpha Bank posts net profits of 48.1 mln in Q1, Greek NPE formation turns slightly negative on write-offs
EconomyBankingto reduced reliance on Emergency Liquidity Assistance (ELA) funding and lower pillar II bonds... billion in May, while the nominal value of the currently held pillar II bonds stands at 300 million
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Eurobank records 40 mln net profits in Q2 and third quarter of negative NPE formation
EconomyBankingbillion in August from 12.2 billion in March. Furthermore, the outstanding Pillar II bonds amount... to redeem the state preference shares of 950 million through the issuance of Tier II bonds to the Greek
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Athens aiming to intensify talks with neighbours
PoliticsForeign Policyof war that has existed between them since World War II. On its part, Greece has clarified many times... expelled from northwestern Greece during World War II. But Athens dismisses their claim, saying
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Supplemental MoU sets out path for maintaining fiscal sustainability
EconomyProgrammeeducation, means-tested reduction in health co-payments worth 0.7 percent of GDP, (ii) high-quality... and the solidarity levy with a medium-term fiscal impact of 0.8 percent of GDP; (ii) a reduction
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