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October deposit inflows turn negative by 345.5 mln for first time since January
EconomyMacroeconomyto 147.98 billion. The BoG’s most recent monthly financial statement showed that Eurosystem funding... for central bank funding comes to 13.20 billion euros compared to September’s sum of 12.23 billion euros. Since the start of the year, Eurosystem funding has declined by around 20.47 billion.
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December deposit inflows hit six-year high of 3.15 bln
EconomyMacroeconomy’s most recent monthly financial statement showed that Eurosystem funding fell by 978 million euros month-on-month in November. As of November’s data, the total for central bank funding comes to 12.23..., Eurosystem funding has declined by around 21.45 billion. The BoG also announced on January 24, 2019
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NBG reports net profits of 122 mln in Q2, highlights successful bond sale
EconomyBankingwith a cost of risk at 140 bps. Eurosystem funding remained at 2.3 billion in Q2, unchanged QoQ... consists of TLTRO funding from the ECB, with the Bank enjoying a large liquidity buffer. Interbank exposure was reduced by 2.7 billion in the year to date, stemming from further funding cost
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NBG reports net profits of 171 mln in Q3, NPE’s fall on loan sales
EconomyBankingto date, loan impairments amounted to 223 million (CoR at 105bps). Eurosystem funding remained at 2.3... Assistance. The total amount currently consists of TLTRO funding from the ECB, with the Bank enjoying..., stemming from further funding cost optimisation. Capital Pro forma for 9M’s net profits and impact
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PDMA sets 2020 goals to build on improving conditions for debt
EconomyGreece’s Public Debt Management Agency (PDMA) issued on Tuesday its funding strategy for 2020 after... billion euros. The PDMA outlines four main objectives in next year’s funding policy: 1) Enhance... regular market operations, 2) Lower funding costs further, 3) Contain interest rate, FX and refinancing
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Greece braces for deeper Covid-19 impact on economy, budget and public debt
Economyto be extended into May, and highly likely June. The authorities’ reported estimates for funding needs... that were granted by the ESM to cover funding needs and are ring-fenced for this purpose. Greece needs... to secure funding. An initial assessment at of the decisions taken at last Thursday’s Eurogroup
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NBG results show net profits of 409 mln euros on strong trading income in Q1
EconomyBankingbillion in 2019, but also bond portfolio sales of previous quarters, as well as higher funding costs... of 100 bps. Eurosystem funding rose to 5 billion euros at the time of reporting from 3.4 billion... coverage ratio and net stable funding ratio exceeded 100 percent and exceeded regulatory thresholds
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Amid crowding concerns, officials reject idea of return to full lockdown
PoliticsGreek Politicsasked as to the funds’ recipients and purpose. Challenged to explain the allocation of the funding...”, and is calling for Petsas to release full details of the funding, and resign. Allegations of misuse... pundits accusing the government of using emergency powers as a cover to direct funding towards friendly
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EU deal appears promising for Greece, but success rides on efficient use of funds
PoliticsGreek Politicswas a reduction in funding for some EU programmes, such as the Horizon Europe scheme for research... is in the proposal and what projects Greece might propose for funding. All national plans will have to focus... Democracy will seek funding for. There is no doubt that Mitsotakis is correct in calling the total
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BoG sees 7.5 pct recession, EU funds boosting GDP by 1.9 pct annually
Economythe Next Generation EU funding and reiterated his view that another systemic solution is needed to help... highlighted the significance of EU funding over the next six years, when Greece will be eligible for 30.2... investments. BoG estimates the GDP impact of the EU funding in the 2021-2026 period at 1.9 pct annually
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