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Encouraging signs for Greek banks in Q1 results but NPL management looms large
Agorastems from a further reduction in their reliance on the Emergency Liquidity Assistance (ELA) funding... be replaced by cheaper ECB funding. This would have a positive impact on banks’ NII of 76 million... of -40 bps versus zero cost for EVB funding entailing a positive impact of 130 million on their NII
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Greece's public healthcare in a muddled and troubled state
EconomyFeaturespercent in 2014 to 59.7 percent in participation of the public sector in the total funding on health expenditure was observed. Conversely the participation of private sector in the total funding... private funding, 31.3 percent from social security funds and 28.4 percent from general government
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Deposit flow turns negative, outflows of 153 mln in July
EconomyMacroeconomy, Greek banks’ dependence on Eurosystem funding further dropped by 4.3 billion in July reflecting a decrease in the Emergency Liquidity Assistance (ELA) funding by 2.93 billion, while ECB funding also
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Newsletter 92 - 14/10/2016
, respectively. Eurosystem funding fell for the 15th straight month in September, dropping by 3.15 billion... assistance (ELA) funding by 1.82 and 1.33 billion, respectively. Overall, the Greek banks’ reliance on central bank funding has been reduced by 32.2 billion since the beginning of the year, largely
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Some progress in first round of talks but most second review issues remain unresolved
EconomyProgrammeas funding of the guaranteed minimum income (GMI), where substantial progress has been achieved but which... to have different views on the GMI funding. The institutions reportedly proposed the reduction..., mainly due to GMI funding. The Greek side argued that the revenue outperformance in the first nine
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Alpha and NBG complete sales of hotels
EconomyBankingAssistance (ELA) funding. Based on the latest official data for August, NBG’s ELA funding stood at 5... to assets, NBG’s reliance on ELA funding is by far the lowest among its Greek peers. In its weekly
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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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Greek banks conclude series of corporate actions as part of restructuring
EconomyBankingan SME securitisation transaction achieving medium-term funding of 320 million. The senior notes were... to diversify Alpha’s funding sources, improve its liquidity profile and gradually restore its presence in the market to achieve access to medium-term funding. Alpha said that around one quarter
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