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Second review to resume in Athens under severe time pressure
EconomyProgrammeMinistry, which identified labour reforms, the fiscal gap and the funding of the guaranteed minimal... funding, which is foreseen at 760 million. A negative development also emerged after the downward... collection will be in line with the target, the Fiscal Council stresses. On the GMI funding, a World Bank
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Eurogroup grants short-term debt relief but leaves Athens fretting over fiscal targets and IMF
EconomyProgrammetranche of the 2nd Greek programme for the year 2017 and the use of the EFSF/ESM funding strategy... ESM funding costs. He said that the combination of the measures would lead to Greek debt-to-GDP ratio... proposals. Instead, it seems that the process has now been linked to Greece’s funding needs and debt
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Newsletter 99 - 09/12/2016
risk using the EFSF/ESM funding strategy. Regarding the second review, Eurogroup President Jeroen... exceeding Greece’s allocated funding quota by over 1,000 percent. Greece is currently the IMF’s single... exchanges, interest rate swaps and matched funding. The proposed bond exchanges and interest rate swaps
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Deposits edge up to 124.8 bln in Nov on marginal inflows of 12 mln
EconomyMacroeconomyof November. BoG data published on December 13 displayed Greek banks’ Eurosystem funding dropped...) funding by 2.06 and 1.24 billion respectively. Greek banks’ reliance on Central Bank funding has declined
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Alpha Bank reports net profits of 20 mln in Q4, leading full-year earnings to 42 mln
EconomyBanking1.8 percent QoQ to 490.1 million in Q4 as the lower wholesale funding cost more than offset weaker.... Balance Sheet Eurosystem funding was reduced by 2.5 billion euros QoQ to 18.3 billion mainly reflecting disposal of EFSF bonds and deposit inflows. As a result, ELA funding dropped to 13.2 billion
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Eurobank stays profitable in Q1 with net earnings of 36.5 mln
EconomyBankingan improvement in deposit NII and lower funding costs. Lending spreads in Greece remained under... years. Balance Sheet Eurosystem funding increased by 1.8 billion QoQ to 15.7 billion in March...) funding rose by 300 million QoQ to 12.2 billion in March. It has since fallen by 600 million largely due
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Newsletter 120 - 26/05/2017
debt sustainable it would not join the programme with funding. This proposal was rejected... with funding later. Figures reveal national pension profiles NPL formation turns positive while SMEs... outpaced lower funding cost. NBG posted a rebound mostly due to a low base effect. Travel receipts fell
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Eurobank records 40 mln net profits in Q2 and third quarter of negative NPE formation
EconomyBankingfunding cost. The management expects NII to remain stable for the whole year, on the back of loan... Sheet Eurosystem funding declined by 1.9 billion euros QoQ to 13.8 billion in June and by another.... Specifically, the Emergency Liquidity Assistance (ELA) funding fell below the 10-billion mark to 9.9
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Piraeus posts 7 mln net profit in Q2, NPE stock down for seventh straight quarter
EconomyBankingflat QoQ at 436 million euros as the positive impact from the lower funding cost was outweighed... Eurosystem funding edged up by around 300 million QoQ to 15.8 billion in Q2, while it fell by 2.1 billion... in the Emergency Liquidity Assistance (ELA) funding by 2 billion to 8.5 billion. Gross loans further contracted
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NBG reports net losses in Q2, NPEs down for fifth straight quarter
EconomyBankingloans) of 243 bps versus 278 bps in Q1 and 220 bps a year ago. Balance Sheet Eurosystem funding fell... in August. The decline mostly relates to a reduction in the Emergency Liquidity Assistance (ELA) funding... banks. Furthermore, the outstanding interbank funding stands at 3.5 billion. Gross loans contracted
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