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Newsletter 266 -18/09/2020
are kept below 15 pct of GDP. The central banker also highlighted the significance of EU funding over... of the EU funding in the 2021-2026 period at 1.9 pct annually, which has not yet been incorporated in its
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Eurobank posts loss of 1.21 bln euros in 2020 as it sheds off bad loans
EconomyBankingof Risk -- compared to 170 basis points in 2019. Balance Sheet Eurosystem funding came to 8 billion..., the entirety of the Eurosystem funding came from the European Central Bank’s TLTRO program
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Newsletter 288 - 12/03/2021
in 2019. Eurosystem funding came to 8 billion euros in 2020, after it had dipped to 1.9 billion... Assistance, which remains fully eliminated. Instead, the entirety of the Eurosystem funding came from
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Piraeus announces transformation plan amid 2020 loss of 662 mln
EconomyBankingto deposits ratio came to 77 percent. Eurosystem funding increased to 11 billion euros from just 400... refinancing operations (TLTRO III) funding. Gross loans before impairments and adjustments totalled
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Greek 30-year bond attracts strong demand at attractive yield
Economyof last year that Greece would issue a very long maturity bond as part of its funding strategy in 2021... and the higher funding needs for support measures that have already exceeded the initial estimates by 4 billion
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EU Commissioner's visit to islands highlights divisions over management of migrant centres
PoliticsGreek Politicsmillion euros is funding facilities on Samos and Lesbos, the first of which is reported... mainland communities. The EU funding pledged in the aftermath of the Moria fire has been presented
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Piraeus announces Q1 loss of 407 mln as provisions mount
EconomyBankingratio came to 74 percent. Eurosystem funding stood at 11 billion euros, unchanged from the previous... operations (TLTRO III) funding. Gross loans before impairments and adjustments totalled 47.9 billion
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NBG posts 557 mln profit in Q1
EconomyBanking. The significantly lower funding terms under TLTRO III, coupled with the repricing of time deposits by 36 bps YoY to 16 bps in Q1, led to a improvement of the bank’s blended funding cost to nearly zero in Q1 (2 bps
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Piraeus Bank impairments impact H1 results as NPE clean-up accelerates
EconomyBankingpercent and the net loans to deposits ratio came to 65 percent. Eurosystem funding stood at 13.5... utilisation of the ECB’s targeted long-term refinancing operations (TLTRO III) funding. Net loans
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NBG increases profits in H1 as it progresses with NPE clean up
EconomyBankingfunding terms under TLTRO III, coupled with the repricing of time deposits, led to an improvement of the bank’s blended funding cost to nearly zero in H1 (1 bps), compared with 19 bps in the second quarter
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