Search
-
Eurobank posts loss of 523.7 mln in Q4 2014
EconomyBankinglegible collateral with a cash value of around 30 billion. Of that amount, almost half relate to pillar II bonds, 9.2 billion to credit claims, 3 billion to pillar III bonds, T-Bills and Greek government... securities, Eurobank could replace ELA with ECB funding for the 3 billion related to pillar III
21% -
What higher ECB haircuts on collateral could mean for Greek banks' liquidity
Economyof around 10 percent for T-Bills, to 20-30 percent for pillar II and III bonds, and up to 50-55 percent for loans (less than 60 days past due) and GGBs. The bulk of collateral is in the form of pillar... banks have so far used pillar II bonds with a nominal value of more than 45 billion euros, while
19% -
What the ECB's latest decision on ELA and collateral haircuts means for Greek banks
Economyguarantees (pillar II and III), Greek government bonds (GGBs), T-Bills, covered bonds, securitizations... percent, on covered bonds close to 30 percent, on pillar II and III bonds slightly below 20 percent and on T-Bills at a high-single-digit figure. Pillar II bonds and loans made up around three quartets
18% -
NBG records loss of 2.05 bln in Q4 on one-offs and jump in credit risk provisions
EconomyBankingon NII of around 340 million in 2016, assuming elimination of pillar II bonds, reinstatement... billion to ELA. The breakdown of the latter shows credit claims of 6.3 billion, pillar II bonds of 3.8... and pillar III bonds stand at 1.2 billion each. The management estimates elimination of pillar II
17% -
Net profit of 87 mln for NBG in Q1
EconomyBanking) rose 21 percent quarter on quarter (QoQ), mainly reflecting lower costs related to pillar II bonds... pillar II costs, fees fell 3 percent QoQ to 73 million euros, while fee expenses related to pillar II... at 27.1 billion euros in May entailing undrawn liquidity of 6.4 billion. It is worth noting that pillar
17% -
NBG completes sale of Finansbank to Qatar National Bank
EconomyBanking. NBG also aims to use the liquidity generated from the transaction through non-renewal of pillar II... and the associated funding cost. The cash value of the pledged pillar II bonds stood at 1.5 billion euros... points above that of ECB funding, while a fee of 115 bps on the nominal value of pillar II bonds
17% -
One-off loss affects NBG’s P&L, NPE stock drops by 900 mln in Q2
EconomyBankingmillion, mainly reflecting lower costs related to pillar II bonds. Net interest income (NII) edged up 1... associated with pillar II bonds. The bank’s non-core income though, despite a one-off gain of 35... billion repo-placed with the market over the past five months, while has eliminated pillar II bonds
17% -
Signs of optimism in Greek banks' Q2 results but NPL challenge lies ahead
Agoraof pillar II bonds. The cash value of the latter more than halved to 4.9 billion euros recently from 10 billion three months ago. In specific, Piraeus and NBG have eliminated their exposure in pillar II... the repayment of pillar II bonds would reach 48 million, the pillar II burden on Eurobank Q2 results
17% -
Greek leaders' contrasting visions all a blur
Agorareference by a New Democracy MP to the three-pillar pension system the party wants to introduce having... dictator aside, the three-pillar system is now used in many countries, European states included... a three-pillar system that was reformed in 2017 and the transition period for the first pillar was set
17% -
Greece scores low on index for skills development, activation and matching
Societycountries with an overall ESI rating of 23 percent out of 100. For the Skills Development pillar... only strong performance in this pillar came from the “Pre-primary pupil-to-teacher ratio” where... Activation pillar, Greece placed at number 24 with low participation rates for the young. Both “Activity
17%