Search
-
Greek deposits increase for seventh straight month, reaching 164 bln
EconomyMacroeconomyin the 9-month period of 2014, Greek banks’ reliance on Eurosystem funding has been slashed by more than 30 billion euros in the year to date. Lower central nank funding primarily reflects the capital raising of 8.3 billion euros by the four systemic banks, replacement of ECB funding by interbank
2% -
Alpha Bank nine-month profits at 110.3 mln, NPL ratio at 33.6 pct
EconomyBankingpercent QoQ to 491 million euros, reflects higher deposit NII and lower funding cost more than... with lower Eurosystem funding cost has resulted in an annualised benefit of 400 million from... half of the recorded QoQ improvement of 4 percentage points. Eurosystem funding dropped by 2.2
2% -
Greece's 2015 budget: A breakdown of all the key figures
EconomyMacroeconomyports, marines and real estate properties. Funding needs On the coverage of 2015 funding needs, the MoF... months, while short-term funding will be implemented via T-bill issues and repo agreements with gg
2% -
Piraeus Bank posts net loss of 1.56 bln in Q3
EconomyBankingthat the new time deposit rate stands at 180 bps in November suggesting further funding cost... of the targeted cost synergies and 100 percent of funding synergies related to the acquisition of 5 banks... percent in Q3 from 107.9 percent in Q2. Eurosystem funding remained flat QoQ for the second successive
2% -
Greek deposits down 0.2 pct in October after seven months of rises
EconomyMacroeconomycut their Eurosystem funding by 26 billion euros in the year to date. Lower reliance on central bank funding followed the capital raising of 8.3 billion by the four systemic banks. It also reflects the replacement of ECB funding by interbank lending mainly via EFSF bonds, ongoing loan deleveraging
2% -
Voting for brinkmanship while the real economy needs solutions
Agoracreditworthiness will quickly create funding gaps for the Greek state. The default option to subsequently... quality continues to be. In September of this year, the tailwind provided by lower funding costs... in Greece? This special purpose-funding vehicle is an example of sustainable financial innovation
2% -
SYRIZA looking for six-month breather from troika
PoliticsGreek Politics, especially the European Central Bank, in order to overcome the funding and debt obstacles that may... since November Between 12 and 13 billion euros from other funding tools such as securitisations... that state-guaranteed bank bonds, which make up the majority of ECB funding collateral, are not eligible
2% -
Newsletter 11 - 16/01/2015
debt. Hardouvelis stressed that this money is necessary to cover the country’s funding needs... without any support from a European mechanism. 4. Greek banks would lose ordinary ECB funding, which... prerequisites for various parliaments in the euro area to accept the release of outstanding funding
2% -
S&P puts Greece on watch for downgrade after sizing up new coalition
Economya consensus on the terms and conditions of additional funding, particularly in view of the strong incentives... creditors will conclude with official funding intact and with only limited collateral damage... because official funding has beem curtailed, government borrowing requirements have deteriorated beyond
2% -
After rocky start, some political backing for SYRIZA but ECB holds key
PoliticsGreek Politicsending on February 28, there is a danger that Greek banks could no longer eligible for ECB funding... have turned to the ECB’s Emergency Liquidity Assistance (ELA) for funding. The ECB’s governing... weeks to roll over existing short-term debt but also covering funding needs, given that Varoufakis has
2%