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Moody's upgrades Greek banks to stable, sees NPLs peaking at 37 pct this year
Economyas the key drivers to ease funding pressures and lead to a gradual recovery of the pre-provision profitability in 2015. That said Greek banks have reduced their Eurosystem funding to 19 percent of total
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Greek bank capital increases: A breakdown of what has been achieved
Economyof Greece’s debt and 2014 funding gap by 1.69 billion. This could be further increased by the repayment... the country’s debt or cover its future funding needs.
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Bond issued for capital support of Greek banks in 2009 reaches maturity
Economyup to 85 billion and is currently the key collateral that Greek banks use for Eurosystem funding... billion, reducing accordingly the country’s debt and funding gap for 2014. The remaining amount of 2.78
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Eurobank records net loss of 207.4 mln in Q1
EconomyBankingoutflows, the bank’s reliance on Eurosystem funding narrowed by 0.7 billion within Q1 and by a further 3.8 billion since then to 12.5 billion in May from 17 billion at the end of 2013. ELA funding, which
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National Bank starts 2014 posting net profit of 181 mln in Q1
EconomyBankingremaining the best among its domestic peers. That said, Eurosystem funding was contained by 2.7 billion... of 2013. It is noteworthy that ELA funding is zero since Q3 2013. Following the capital increase
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Better contribution collection for Greek pension funds but 5.1-bln shortfall looms
EconomyGreek pension funds have lost 32 billion euros since the beginning of the crisis and are facing a funding gap of 5.1 billion euros but the collection of social security contributions is improving... security sector in 2014. According to the data presented, social security funds face a funding gap
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National Bank reports 1.15 bln H1 profit on back of 1 bln deferred tax
EconomyBankingby lower bond NII and higher funding gap cost. Repricing of time deposits, particularly on the backbook.... In addition, Eurosystem funding further dropped by 7 billion QoQ to 11 billion at the end of Q2
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Eurobank reports net loss of 301.1 mln in Q2
EconomyBankinghigher deposit NII on deposit spread improvement by 20 bps and lower funding cost. In contrast, loan... at 94 percent. Reliance on Eurosystem funding retreated by almost 6 billion euros since March
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Paris talks mark start of Greece's most crucial troika review
EconomyProgrammereview. They key issues involve the consolidation of primary social security funds (SSF), the funding... in the negotiations for the identification of funding gap and decisions on debt relief measures along
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Greek primary cash surplus widens to 3.2 bln in 7-month
EconomyMacroeconomyrepos to cover short-term funding gaps. The year to date movement in long-term loans mainly.... This development follows Greek bank’s zero reliance on ELA funding as of May. b) A decline in bank support scheme
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