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Piraeus Bank makes net profit of 12 mln in Q4, edges into profitability for 2017
EconomyBankingnet loans. Balance Sheet Eurosystem funding fell by around 2.3 billion QoQ and came to 9.7 billion euros at the end of Q4. Across the year, funding fell by 11.2 billion. Emergency Liquidity Assistance (ELA) funding dropped to 5.7 billion at the end of December, while ECB funding fell to 4 billion
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NBG reports full year net profits of 50 million euros from continued operations
EconomyBankingto 102 bps from 252 bps in 2017. Eurosystem funding Eurosystem funding in Q4 stands at just 2.3 billion... ) funding. Towards the end of March, it was reported that all of Greece’s banks were now off ELA funding. Repo funding came to 3.6 billion in Q4 2018, standing at 2.1 billion in March 2019. Capital
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Piraeus Bank posts net profit of 14 mln in Q1 from continued operations
EconomyBanking. Improved funding costs also contributed NII performance. The new time deposits rate stood at 61 bps... wholesale funding cost impact following the total elimination of Emergency Liquidity Assistance (ELA...-of-risk guidance for 2019 ranges from 160 to 180 bps over net loans. Balance Sheet Eurosystem funding
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Alpha Bank posts net profits of 59.4 mln in Q2, NPE sales worth 3.7 bln planned for remainder of year
EconomyBankingand wholesale funding costs, management said. The Net Interest Margin (NIM) was also stable QoQ at 2.5 percent... for Eurosystem funding is made up fully of European Central Bank funding. As of Q2, ECB funding rose by 1 billion euros QoQ to 4.1 billion euros. The funding is supported mainly by the increase of the bank’s ECB
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Newsletter 224 -18/10/2019
the aggregate PIB balance landed on a deficit of 777 million euros. Eurosystem funding down by 699.8 mln... funding declined by a total of 4.72 billion euros. Greek banks’ Eurosystem funding fell by 699.8... statement. The total for central bank funding comes to 7.51 billion, fully reflecting a drop of 700
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Alpha Bank posts net profits of 97.1 mln in 2019
EconomyBankingdisbursements at the end of Q3, lower wholesale funding costs and increased income from investments which.... The current amount for Eurosystem funding is made up fully of European Central Bank funding. As at the end of Q4, funding came to 3.1 billion, composed fully of TLTRO funding from the ECB, while the open
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RRF proposals and Pissarides report chart direction of travel for post-pandemic Greece
PoliticsGreek Politicsstates for the six-year funding programme. Greece qualifies for just under 32 billion euros of funding... for funding. These include a major programme for the energy upgrade of buildings, the connection... of funding. The specific conditions set out the RRF will provide a mechanism to channel funding directly
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Reflections on Greece's balance of payments
Agorain 2009 when the funding stopped with the onset of the Great Recession. Then, between 2009 and 2014... of the euro area partner countries, the ECB, and the IMF helped Greece with unprecedented funding... percentage points of GDP (mostly in government). As the funding for very large current account deficits
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Government adamant snap polls are not under consideration
PoliticsGreek Politicsfunding has declined significantly since 2012 because its share of the vote in the national elections has fallen dramatically. Greek parties receive state funding based on their share of votes in the previous elections, representation in Parliament and participation in elections. This funding is drawn
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For 2026, PDMA sticks to debt strategy that proved successful previously
Economyto achieve four main objectives: Enhancing market access, containing funding costs and debt related risks... and maintaining regular market operations. The funding costs and risks containment will be achieved... risks. Greece’s total funding needs for the year are estimated at 24.68 billion euros, broken down
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