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Piraeus Bank’s bottom line turns profitable with 20 mln net profits in Q2
EconomyBankingwith the NPE cash coverage ratio at 47 percent. Eurosystem funding declined by 3.6 billion euros QoQ..., increased repos and deposit inflows. In specific, the Emergency Liquidity Assistance (ELA) funding dropped by 2.6 billion since March to 13.5 billion, while ECB funding fell by 2.9 billion to 11.5 billion
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Eurobank remains profitable with net profits of 46.2 mln in Q2
EconomyBanking) improved 1.3 percent QoQ to 387.7 million mainly driven by lower funding cost related to reduced reliance... sold 72 million NPLs in Bulgaria. Eurosystem funding dropped by 1.4 billion QoQ to 21.5 billion... Assistance (ELA) funding notably decreased from 18.3 billion in March to 15.8 billion in June and further
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Fitch affirms Greece’s rating at ‘CCC’
Economyto face very large funding imbalances with the Emergency Liquidity Assistance (ELA) funding making up 20 percent of their funding. In addition, the reinstatement of waiver is expected to allow only a fairly small portion (around 7 percent) of ELA funding to be shifted towards the cheaper ECB funding
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Eurobank records net profits of 85 mln in Q3, updates on NPE reduction targets
EconomyBankingto 388.9 million in Q3, mainly driven by lower funding cost largely stemming from reduced reliance on the Emergency Liquidity Assistance (ELA) funding that more than offset a drop in the loan NII... for a gradual and progressive drop in the cost of risk to 1 percent in 2019. Eurosystem funding
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NBG turns profitable in Q3, NPE stock drops further by 1 billion
EconomyBanking, mostly reflecting lower Eurosystem and wholesale funding cost that more than offset reduced loan... funding fell by 2.3 billion QoQ to 12.6 billion in Q3 and further by another 1.3 billion in November and currently stands at 11.3 billion. The Emergency Liquidity Assistance (ELA) funding dropped from
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Eurobank posts net profits of 38 mln in Q4 and 230 mln in 2016
EconomyBankingin Q4, reflecting weaker lending NII almost offset by lower funding cost related to Eurosystem funding, pillar II bonds and deposits. For the whole year, NII increased by 5.8 percent largely due to lower funding cost. The management noted that Q4 trends are expected to be maintained this year
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Piraeus Bank records net losses of 6 mln in Q1, further reduction in NPE stock
EconomyBanking) contracted by 3 percent QoQ to 440 million, as the positive impact from lower funding cost... for the whole year. Balance Sheet Eurosystem funding fell by 5.4 billion QoQ to 15.5 billion in Q1, largely due to a cut in ECB funding by 4.5 billion. Emergency Liquidity Assistance (ELA) funding
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Alpha Bank posts net profits of 48.1 mln in Q1, Greek NPE formation turns slightly negative on write-offs
EconomyBanking), while the weaker loan NII due to deleveraging was offset by lower funding cost. The latter related to reduced reliance on Emergency Liquidity Assistance (ELA) funding and lower pillar II bonds...) in Q1 from 201 bps in Q4. Balance Sheet Eurosystem funding was reduced by 1.3 billion QoQ to 17 billion
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Eurogroup doesn't end in tie for Tsipras
Agoraits participation in the Greek bailout “in principle” and not releasing any new funding until..., enough for the show to go on. Given these gains for Schaeuble, what was left for Greece? A funding... stand at almost 5 billion euros and this extra funding will inject some vital liquidity into the Greek
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Alpha Bank remains profitable in Q2, NPEs reduced further
EconomyBanking), higher bond income and lower funding cost, which outweighed a slight drop in loan and deposit income.... Provisions are seen close to 1 billion in 2017. Balance Sheet Eurosystem funding fell by 2 billion... Liquidity Assistance (ELA) funding has been reduced by a total of 3.1 billion since March to 9.1
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