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Piraeus Bank posts net loss of 1.56 bln in Q3
EconomyBankingthat the new time deposit rate stands at 180 bps in November suggesting further funding cost... of the targeted cost synergies and 100 percent of funding synergies related to the acquisition of 5 banks... percent in Q3 from 107.9 percent in Q2. Eurosystem funding remained flat QoQ for the second successive
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Greek deposits down 0.2 pct in October after seven months of rises
EconomyMacroeconomycut their Eurosystem funding by 26 billion euros in the year to date. Lower reliance on central bank funding followed the capital raising of 8.3 billion by the four systemic banks. It also reflects the replacement of ECB funding by interbank lending mainly via EFSF bonds, ongoing loan deleveraging
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The one question SYRIZA needs to answer
Agorafor Greece's funding over the period and until negotiations with Greece's creditors are settled. Being so... sizable funding hump that will need to be addressed irrespective of who is in power. Based... obligations in a very tight financing space. The funding cushion of borrowing from the cash reserves
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Newsletter 9 - 30/12/2014
even longer. Such weak standalone creditworthiness will quickly create funding gaps for the Greek..., the tailwind provided by lower funding costs finished for the Greek sovereign and corporate debt issuance... the first credit agreements with four SMEs in Greece? This special purpose-funding vehicle is an example
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Voting for brinkmanship while the real economy needs solutions
Agoracreditworthiness will quickly create funding gaps for the Greek state. The default option to subsequently... quality continues to be. In September of this year, the tailwind provided by lower funding costs... in Greece? This special purpose-funding vehicle is an example of sustainable financial innovation
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SYRIZA looking for six-month breather from troika
PoliticsGreek Politics, especially the European Central Bank, in order to overcome the funding and debt obstacles that may... since November Between 12 and 13 billion euros from other funding tools such as securitisations... that state-guaranteed bank bonds, which make up the majority of ECB funding collateral, are not eligible
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Newsletter 11 - 16/01/2015
debt. Hardouvelis stressed that this money is necessary to cover the country’s funding needs... without any support from a European mechanism. 4. Greek banks would lose ordinary ECB funding, which... prerequisites for various parliaments in the euro area to accept the release of outstanding funding
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S&P puts Greece on watch for downgrade after sizing up new coalition
Economya consensus on the terms and conditions of additional funding, particularly in view of the strong incentives... creditors will conclude with official funding intact and with only limited collateral damage... because official funding has beem curtailed, government borrowing requirements have deteriorated beyond
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After rocky start, some political backing for SYRIZA but ECB holds key
PoliticsGreek Politicsending on February 28, there is a danger that Greek banks could no longer eligible for ECB funding... have turned to the ECB’s Emergency Liquidity Assistance (ELA) for funding. The ECB’s governing... weeks to roll over existing short-term debt but also covering funding needs, given that Varoufakis has
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Greek deposits nosedive by 12.8 bln in Jan as balances reach lowest point since Aug 2005
EconomyMacroeconomywere forced to switch a large part of ECB funding to the Emergency Liquidity Assistance (ELA) scheme. According to banking sources, Eurosystem funding passed the 100-billion mark in February, with 38... statement, which shows Eurosystem funding, for January in early March. February figures are due in mid
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