Search
-
Piraeus Bank brings Q1 2015 losses down to 69 mln
EconomyBanking-offs of 300 million euros in the quarter. The slight rise mainly stems from an almost 1 pp increase... contracted 2.2 percent QoQ to 71.4 billion euros, with corporate loans making up almost two-thirds of total... Common Equity Tier 1 (CET1) ratio slipped to 11.9 percent in Q1 from 12.1 percent in Q4 and reflects
13% -
New time deposit rate fell 12 bps in August to record low of 1.19 pct amid capital controls
EconomyMacroeconomyon total new deposits down 7 bps to 0.71 percent in August, which is the lowest reading in the post... for amounts above 1 million euros soared by 76 bps to 4.70 percent offsetting the cumulative drop... 250,000 and 1 million euros nosedived by 76 bps to 5.07 percent, outweighing the 89 bps rise posted
13% -
Time deposit rate slips 12 bps in Oct, average loan rate rises by 29 bps
EconomyMacroeconomy, the weighted average rate on total new deposits eased by 7 bps to 0.62 percent in October, which... change was the rise in the interest rate on loans for amounts above 1 million by 45 bps to 5.12 percent... between 250,000 and 1 million euros. As a result, corporate lending rates in Greece stayed 250-350
13% -
The agenda of the first programme review shapes up with thorny issues
EconomyProgrammeFollowing the disbursement of the second sub-tranche of 1 billion on December 23, the next..., the government has pledged in the third memorandum of understanding (MoU) for cost savings of around 1.... The creation of a secondary market for the total amount of Greek NPLs - particularly those linked
13% -
Time deposit rate eases by another 5 bps in Nov, average loan rate drops 16 bps
EconomyMacroeconomyon total new deposits slipped by another 4 bps to 0.58 percent in November, which is also the lowest..., the respective rate rose to 5.22 percent (amounts between 250,000 and 1 million euros). It fell to 5 percent for amounts above 1 million euros. The corporate lending rates in Greece stand around 200-300
13% -
Greek banks: Taking stock of a rough 2015 and looking at what lies ahead
Agora, with a consequent positive impact on their operating income. The breakdown of the total ELA eligible collateral... to around 1 percent by December. The change in the deposit mix is expected to further support the NII... was notably enhanced with their phased-in Common Equity Tier 1 (CET1) ratio above the 17-percent mark
13% -
Greek corporate lending rates up to 250 bps higher than eurozone average
EconomyMacroeconomyon total new deposits eased 6 bps to 0.49 percent, which also points to a new low. Loans The corporate lending rates did not show any marked change in February with that for amounts above 1 million... (amounts below 250,000 euros) and at 5.23 percent (amounts between 250,000 and 1 million euros
13% -
Eurosystem funding drops by another 2.8 bln to 101.4 bln in March
EconomyMacroeconomyfunding also fell for the third month in a row by almost 1 billion to 35.25 billion euros, with the bulk... mix remained unchanged, with ELA funding making up 65 percent of the total. It is worth noting... slipped by 1 billion to 36.75 billion. Since July, Eurosystem funding has been slashed by 25.13
13% -
Piraeus first Greek bank to repay Pillar II bonds, others to follow
EconomyBanking1 billion. In addition, Pillar III bonds were only held by NBG for a cash amount of 1.2 billion... basis points above that for ECB funding), while the fees paid to the Greek state exceed 1 percent... paid to BoG a total of 914.6 million euros in 2015 as interest expense for ELA funding, compared
13% -
Corporate lending rates resume upward trend in April, time deposit rate stable
EconomyMacroeconomyGreek households’ new time deposit rate slipped by 1 basis point (bp) to 0.87 percent in April from... a decline in the overnight rate, the weighted average rate on total new deposits eased by 3 bps to 0.45... to 250,000 euros rose by 25 bps to 5.87 percent, for amounts between 250,000 and 1 million euros by 19
13%