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  1. Alpha Bank launches major securitisation as banks ready portfolios for Hercules scheme
    Photo by MacroPolis

    EconomyBanking

    is expected to be around 2 billion euros. The process allows potential investors to submit non-binding bids by the end of March. Deutsche Bank and PWC's consultants Alantra and AXIA are acting as partners

    19%
  2. Review talks focus on out-of-court workout, jobs scheme and energy market
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    subsidiaries, which are expected to be established by June. PwC has been appointed as an advisor... of that programme relates to its funding, which was not discussed at Thursday’s meeting. Government sources noted after February 20 Eurogroup that the programme’s funding was estimated at around 3 billion euros

    19%
  3. Deposits up again in December but credit contraction continues apace

    EconomyMacroeconomy

    , while a recent PwC study showed it could peak to 40 percent in 2014. If confirmed, this would result... the recorded deposit inflows in December, Greek banks’ Eurosystem funding (the combined liquidity... funding purposes). Credit contraction At the same time, the year on year (yoy) credit contraction

    18%
  4. Greece’s M&A market stagnates during recession

    EconomyFeatures

    activity, in Greece, a sharp decline has been recorded. A January 2016 survey by PWC showed that M&A... Europe differed to that of the PWC report, in that it cited 28 M&A’s in Greece for 2015 versus the 29 deals cited by PWC, and that the estimated transaction value improving by 33 percent in dollar

    18%
  5. Banks try to build on growing confidence

    EconomyBanking

    on central bank funding and emergency liquidity assistance (ELA) is also declining steadily, which..., which fell by 2.32 billion to 8.99 billion euros, and Emergency Liquidity Assistance (ELA) funding which... that banks will reduce or eliminate ELA funding. Private deposits rose by around 6 percent on an annualised

    18%
  6. ELA Funding, Balance, EUR billion
    No image available

    Charts

    18%
  7. ELA Funding, Month on Month Change, EUR billion
    No image available

    Charts

    18%
  8. Greeks suspicious of Covid-19 origins but warming to vaccine, polls show

    Society

    as a result of the pandemic. This extended to a possible coronavirus vaccine but also to the seasonal flu vaccine. Only 32 percent of respondents said they had the flu vaccine last year, but 45.3 percent said... by those who believe the coronavirus is more contagious than seasonal flu and also more lethal.

    17%
  9. Lack of liquidity, political cost push Greek gov't to seek swift deal with lenders
    Photo by MacroPolis

    PoliticsGreek Politics

    of money and is also losing public support in the process could prove the greatest spur in bringing... and secure a disbursal of at least some of the 7.2 billion euros remaining in bailout funding

    17%
  10. Greek banks’ reliance on Eurosystem fell by 2.36 bln in October

    Economy

    statement. Monthly movement reflects a drop in ELA funding by 1.0 billion euros at 7.95 billion..., currently accounting for 89 percent of Eurosystem funding. The cost of ELA funding is circa..., while a further reduction in the ELA funding is targeted in the next months. According to latest

    17%