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Eurobank net profits at 6 mln in Q2 amid increasing securitisations
EconomyBanking, management said. Balance Sheet Eurosystem funding was unchanged QoQ at 1.3 billion euros in June 2019. Emergency Liquidity Assistance (ELA) funding has been fully eliminated, with the total now representing only ECB liquidity. YoY, Eurosystem funding has fallen by 12.5 billion. Greek deposits
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NBG reports net profits of 171 mln in Q3, NPE’s fall on loan sales
EconomyBankingto date, loan impairments amounted to 223 million (CoR at 105bps). Eurosystem funding remained at 2.3... Assistance. The total amount currently consists of TLTRO funding from the ECB, with the Bank enjoying..., stemming from further funding cost optimisation. Capital Pro forma for 9M’s net profits and impact
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PDMA sets 2020 goals to build on improving conditions for debt
EconomyGreece’s Public Debt Management Agency (PDMA) issued on Tuesday its funding strategy for 2020 after... billion euros. The PDMA outlines four main objectives in next year’s funding policy: 1) Enhance... regular market operations, 2) Lower funding costs further, 3) Contain interest rate, FX and refinancing
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Eurobank net profits at 256.7 mln in 2019
EconomyBankingEurosystem funding came to 1.9 billion in 2019. Emergency Liquidity Assistance (ELA) funding has been fully eliminated, with the total now representing only ECB liquidity. Since 2016, Eurosystem funding
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Greece braces for deeper Covid-19 impact on economy, budget and public debt
Economyto be extended into May, and highly likely June. The authorities’ reported estimates for funding needs... that were granted by the ESM to cover funding needs and are ring-fenced for this purpose. Greece needs... to secure funding. An initial assessment at of the decisions taken at last Thursday’s Eurogroup
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NBG results show net profits of 409 mln euros on strong trading income in Q1
EconomyBankingbillion in 2019, but also bond portfolio sales of previous quarters, as well as higher funding costs... of 100 bps. Eurosystem funding rose to 5 billion euros at the time of reporting from 3.4 billion... coverage ratio and net stable funding ratio exceeded 100 percent and exceeded regulatory thresholds
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Amid crowding concerns, officials reject idea of return to full lockdown
PoliticsGreek Politicsasked as to the funds’ recipients and purpose. Challenged to explain the allocation of the funding...”, and is calling for Petsas to release full details of the funding, and resign. Allegations of misuse... pundits accusing the government of using emergency powers as a cover to direct funding towards friendly
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EU deal appears promising for Greece, but success rides on efficient use of funds
PoliticsGreek Politicswas a reduction in funding for some EU programmes, such as the Horizon Europe scheme for research... is in the proposal and what projects Greece might propose for funding. All national plans will have to focus... Democracy will seek funding for. There is no doubt that Mitsotakis is correct in calling the total
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BoG sees 7.5 pct recession, EU funds boosting GDP by 1.9 pct annually
Economythe Next Generation EU funding and reiterated his view that another systemic solution is needed to help... highlighted the significance of EU funding over the next six years, when Greece will be eligible for 30.2... investments. BoG estimates the GDP impact of the EU funding in the 2021-2026 period at 1.9 pct annually
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Piraeus Bank posts pre-tax losses of 133 mln in 9M
EconomyBanking. Management said that this was mainly due to improving funding costs and increased fixed income holdings... Eurosystem funding increased to 9 billion euros as at the end of Q3, from 400 million euros at the end...) funding. Utilisation of the interbank repo market came to roughly 100 million euros at the end
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