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December deposit inflows hit six-year high of 3.15 bln
EconomyMacroeconomy’s most recent monthly financial statement showed that Eurosystem funding fell by 978 million euros month-on-month in November. As of November’s data, the total for central bank funding comes to 12.23..., Eurosystem funding has declined by around 21.45 billion. The BoG also announced on January 24, 2019
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NBG reports net profits of 122 mln in Q2, highlights successful bond sale
EconomyBankingwith a cost of risk at 140 bps. Eurosystem funding remained at 2.3 billion in Q2, unchanged QoQ... consists of TLTRO funding from the ECB, with the Bank enjoying a large liquidity buffer. Interbank exposure was reduced by 2.7 billion in the year to date, stemming from further funding cost
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Eurobank net profits at 6 mln in Q2 amid increasing securitisations
EconomyBanking, management said. Balance Sheet Eurosystem funding was unchanged QoQ at 1.3 billion euros in June 2019. Emergency Liquidity Assistance (ELA) funding has been fully eliminated, with the total now representing only ECB liquidity. YoY, Eurosystem funding has fallen by 12.5 billion. Greek deposits
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NBG reports net profits of 171 mln in Q3, NPE’s fall on loan sales
EconomyBankingto date, loan impairments amounted to 223 million (CoR at 105bps). Eurosystem funding remained at 2.3... Assistance. The total amount currently consists of TLTRO funding from the ECB, with the Bank enjoying..., stemming from further funding cost optimisation. Capital Pro forma for 9M’s net profits and impact
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PDMA sets 2020 goals to build on improving conditions for debt
EconomyGreece’s Public Debt Management Agency (PDMA) issued on Tuesday its funding strategy for 2020 after... billion euros. The PDMA outlines four main objectives in next year’s funding policy: 1) Enhance... regular market operations, 2) Lower funding costs further, 3) Contain interest rate, FX and refinancing
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Eurobank net profits at 256.7 mln in 2019
EconomyBankingEurosystem funding came to 1.9 billion in 2019. Emergency Liquidity Assistance (ELA) funding has been fully eliminated, with the total now representing only ECB liquidity. Since 2016, Eurosystem funding
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Greece braces for deeper Covid-19 impact on economy, budget and public debt
Economyto be extended into May, and highly likely June. The authorities’ reported estimates for funding needs... that were granted by the ESM to cover funding needs and are ring-fenced for this purpose. Greece needs... to secure funding. An initial assessment at of the decisions taken at last Thursday’s Eurogroup
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NBG results show net profits of 409 mln euros on strong trading income in Q1
EconomyBankingbillion in 2019, but also bond portfolio sales of previous quarters, as well as higher funding costs... of 100 bps. Eurosystem funding rose to 5 billion euros at the time of reporting from 3.4 billion... coverage ratio and net stable funding ratio exceeded 100 percent and exceeded regulatory thresholds
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Amid crowding concerns, officials reject idea of return to full lockdown
PoliticsGreek Politicsasked as to the funds’ recipients and purpose. Challenged to explain the allocation of the funding...”, and is calling for Petsas to release full details of the funding, and resign. Allegations of misuse... pundits accusing the government of using emergency powers as a cover to direct funding towards friendly
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EU deal appears promising for Greece, but success rides on efficient use of funds
PoliticsGreek Politicswas a reduction in funding for some EU programmes, such as the Horizon Europe scheme for research... is in the proposal and what projects Greece might propose for funding. All national plans will have to focus... Democracy will seek funding for. There is no doubt that Mitsotakis is correct in calling the total
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