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When will Greek banks operate as credit institutions again?
Agora. But it is not only the exorbitantly high interest rates for funding that serves like a millstone around..., was the expectation of the company’s owners to attain better access to funding options through foreign banks... existing funding lines” as the main reason for the shutdown of the retail outlets. 887 people lost
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Samaras proposes free wi-fi as crisis antidote for young Greeks
PoliticsGreek Politicsmean they would not receive any further funding from central government, which would also not be responsible for covering their funding shortfalls any longer. However, the interview will probably... 8 percent, rather than 4, of its next European Union structural funding envelope on research
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Greece unveils MTFS seeing 4.2 bln primary surplus in 2014 but just under 2 bln fiscal gap in 2015-16
EconomyMacroeconomyof funding needs, the MoF points out that two Greek banks (Alpha and Piraeus) have repaid... 2014 resulting in a reduction of funding needs by 5.1 billion. This amount equals to the country’s funding gap for 2014. The government will also utilize the cash reserves of the general government
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Eurobank: From nationalisation to re-privatisation
Agoraof both banks’ acquisition by Eurobank. In particular, Hellenic Postbank’s funding gap and capital of 3.7.... Proton Bank’s initial funding gap of 862 million was covered by the Hellenic Deposit and Investment Guarantee Fund in 2011, while an additional funding gap of 260 million was covered by the HFSF in 2012
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Deposits rise for third straight month in May, reaching 162.1 bln
EconomyMacroeconomyto the replacement of ECB funding by interbank lending and - to a lesser extent - ongoing deleveraging... of ECB funding collaterals in the form of uncovered government guaranteed bank bonds, which amounted to 49 billion euros at the end of 2013 that that would no longer be eligible for ECB funding purposes
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Does Greece need a third programme?
Agora. A targeted implementation of European funding programmes and technical assistance laying... lines for the country. Instead, it advocates strengthening synergies between different funding... organisations. The integration of new funding partners into the IfG would broaden its operational capacity
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Greece said to eye exit plan with precautionary support but no new MoU
EconomyProgrammeof the pivotal presidential vote in Parliament in February. Funding needs There was a report on Friday morning in Kathimerini newspaper regarding the government’s plan to cover its funding needs over... billion euros are disbursed then Greece would not face any funding issue until June 2015
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Greek deposits increase for seventh straight month, reaching 164 bln
EconomyMacroeconomyin the 9-month period of 2014, Greek banks’ reliance on Eurosystem funding has been slashed by more than 30 billion euros in the year to date. Lower central nank funding primarily reflects the capital raising of 8.3 billion euros by the four systemic banks, replacement of ECB funding by interbank
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Alpha Bank nine-month profits at 110.3 mln, NPL ratio at 33.6 pct
EconomyBankingpercent QoQ to 491 million euros, reflects higher deposit NII and lower funding cost more than... with lower Eurosystem funding cost has resulted in an annualised benefit of 400 million from... half of the recorded QoQ improvement of 4 percentage points. Eurosystem funding dropped by 2.2
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Greece's 2015 budget: A breakdown of all the key figures
EconomyMacroeconomyports, marines and real estate properties. Funding needs On the coverage of 2015 funding needs, the MoF... months, while short-term funding will be implemented via T-bill issues and repo agreements with gg
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