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NBG reports net losses in Q2, NPEs down for fifth straight quarter
EconomyBankingloans) of 243 bps versus 278 bps in Q1 and 220 bps a year ago. Balance Sheet Eurosystem funding fell... in August. The decline mostly relates to a reduction in the Emergency Liquidity Assistance (ELA) funding... banks. Furthermore, the outstanding interbank funding stands at 3.5 billion. Gross loans contracted
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About to soar? Greece's economy still needs to be handled with care
Agora. Following the inflows since May, Greek banks’ Eurosystem funding fell for the 25th successive month... substantial for the year, surpassing the drop in June of 2.67 billion. Central bank funding stands at 50.37... arrears and improve market liquidity as programme conditionality with funding available from
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Eurobank net profit at 61.2 mln in Q3, NPE formation negative for fourth straight quarter
EconomyBankingat 369.3 million. This was mainly due to lower Eurosystem funding and Pillar II utilisation. On an annual... rate environment. Balance Sheet Eurosystem funding declined by 2.7 billion euros QoQ to 11.1 billion... deposit inflows and higher interbank repos. Emergency Liquidity Assistance (ELA) funding
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Piraeus Bank posts net loss of 19 mln euros in Q3, NPEs continue to fall
EconomyBankingto the positive effects of the going improvement of the funding cost being offset by the asset deleveraging... funding fell by around 3.8 billion QoQ to 12 billion in Q3. The decline continued into mid-November... funding came to 10.9 billion. Gross loans further contracted by 1.01 billion QoQ to 61.04 billion
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Banks receive deposit inflows of 2.54 bln in December
EconomyMacroeconomystatement recently showed that Eurosystem funding rose by 786 million euros in December. This caused central bank funding to rise to 33.67 billion euros, and represented the first increase in total Eurosystem funding since June 2015.
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Deposits turn negative in Jan with outflows of 1.40 bln
EconomyMacroeconomy’s most recent monthly financial statement showed that Eurosystem funding rose by 786 million euros in December. This caused central bank funding to rise to 33.67 billion euros, and represented the first increase in total Eurosystem funding since June 2015.
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Eurobank net profits decline by 22.5 pct in 2017, NPE reduction beats target
EconomyBankingmillion, beating the expectations of industry analysts. This was mainly due to lower Eurosystem funding... pressure on spreads. Balance Sheet Eurosystem funding declined by 1.1 billion euros QoQ to 10 billion... inflows and higher interbank repo. Emergency Liquidity Assistance (ELA) funding in particular fell to 5.3
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EquiFund makes official launch in bid to grow Greek businesses
EconomyFeaturesis to leverage around 500 million euros in funding to support business growth. By providing loans... (EU) along with funding from the European Investment Bank (EIB) through the European Fund... develop businesses in Greece and encourage their growth. It outlines several stages at which funding
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Eurobank net profits at 34.5 mln in Q1
EconomyBankingat 1.96 Balance Sheet Eurosystem funding declined by 2.9 billion euros QoQ to 7.1 billion in March... (ELA) funding in particular fell to 3.9 billion in March from 7.9 billion in December as a result... deposits and lower Eurosystem funding reliance, commenting that the uptick in business lending seen
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What the ECB did next - a tale from another crisis
Agorathe ECB could have addressed Greece’s funding needs outside the Troika support mechanism? Theoretically... shutting down funding avenues for the Greek government by first dis-allowing state bonds from being... funding. But, what else could they, or should they have done? Allowing back door financing would defeat
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