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Piraeus Bank posts net profit of 185 mln in 2018
EconomyBankingloan disbursements at spreads higher than the back book and reduced funding costs. Deposits also.... Furthermore, the gradual reduction of reliance on ELA funding also had a positive impact on quarterly... over net loans compared to 153 bps in Q3. Balance Sheet Eurosystem funding came to 3.2 billion
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Piraeus Bank posts net profit of 20 mln in Q2 from continued operations, NPE sales step up
EconomyBankingthat there had been an improvement from the liability side and funding costs. Some impact was noted from loan... from the elimination of ELA funding in July 2018 and covered bonds eligibility for ECB use... and the switch from interbank repos to ECB funding. The Net Interest Margin (ΝΙΜ) in Q2 came to 243 bps versus
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Newsletter 22 - 03/04/2015
After successfully covering its funding needs in March, which, at 2.2 billion euros (excluding... to the Public Debt Management Agency (PDMA), the funding needs for April stand at around 820 million... than those on February 18, meaning that the banks cannot cover the emerging funding gap of 700
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Alpha Bank reports lower losses of 115.8 mln in Q1 2015
EconomyBankingto higher Emergency Liquidity Assistance (ELA) funding cost that burdened NII by 33 million...-February). Total ELA funding cost stands at 200 basis points (bps) compared to just 5 bps for ECB funding... funding increased to 23.6 billion in Q1 from 14.8 billion in Q4. The year to date movement reflects
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Greek pensions: The unsolvable equation
Agoratook a major hit not only as a result of people dropping out the labour force en masse but also due... of funding pensions and benefits has been one of the key factors that contributed... of 2009, barely two months after it took office. In 2008 the funding needs of Greece’s pension funds
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Loss-making Q4 and 2015 for Alpha, targets positive bottom-line in 2016
EconomyBankingdeposit cost was almost offset by the higher funding cost primarily attributed to the increased reliance on the Emergency Liquidity Assistance (ELA) funding. In addition, due to the continued loan... of December. Eurosystem funding decreased by 2.7 billion euros QoQ to 24.4 billion at the end
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Newsletter 104 - 27/01/2017
and matched funding. The ESM reiterated that the implementation of these short-term debt relief measures... pensioners. 2 Eurosystem funding falls for 18th successive month Greek banks have cut... a decrease in emergency liquidity assistance (ELA) funding by 1.37 billion. Greek banks’ Eurosystem funding
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Newsletter 111 - 17/03/2017
in the previous three quarters. Eurosystem funding falls for 20th month in a row ELA funding increased by 330 million in February Greek banks’ Eurosystem funding fell for the 20th successive month, albeit... balance in central bank funding hit 61.88 billion, the lowest reading since late 2014. However
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Newsletter 123 - 16/06/2017
clearly that no funding would be released until there is more clarity on the debt measures. Lagarde... not attained by the Greek side. Tax debt rises again in April Eurosystem funding to Greek banks falls... and stood at 3.94 million at the end of April. Greek banks’ Eurosystem funding dropped for the 23rd
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Piraeus Bank posts net profit of 44 mln in Q3 from continued operations
EconomyBanking, while deposit and due to banks funding costs have also been supportive. The loans were disbursed... 2018. The cost-of-risk for 9M 2019 was 172 bps over net loans. Balance Sheet Eurosystem funding stood at 800 million at the end of Q3 2019, down by 2 billion YoY. The bank fully eliminated ELA funding
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