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Piraeus Bank posts pre-tax losses of 133 mln in 9M
EconomyBanking. Management said that this was mainly due to improving funding costs and increased fixed income holdings... Eurosystem funding increased to 9 billion euros as at the end of Q3, from 400 million euros at the end...) funding. Utilisation of the interbank repo market came to roughly 100 million euros at the end
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NBG results show net profits of 602 mln euros in 9M
EconomyBankingof the performing loan book, as well as by the funding benefits from the increased TLTRO exposure..., the underlying CoR came to 99 bps. Eurosystem funding amounted to 10.5 billion in Q3, unchanged QoQ... the ECB, the bank’s blended funding cost is currently at 12 bps. LCR and NSFR are kept at levels
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NBG posts net loss of 423 mln in Q4; profit of 38 mln in 2020
EconomyBankingbillion euros YoY to 47 billion, comprising about 80 percent of the bank’s total funding sources. NBG’s..., with net repo exposure amounting to around 300 million euros. The significantly lower funding terms under... to a improvement of the bank’s blended funding cost to nearly zero Q4 (7bps), compared with 41bps
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First round of HFSF's divestment from systemic banks concludes with 28 bln realised losses
EconomyBankingthree main rounds of recapitalisation. The first used state funding via resources offered primarily... allocated 13.5 billion to cover the funding gap of banks under liquidation with the bulk of the funds... system. Combining the capital injections and funding gaps for banks under liquidation, the state
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Sale of 10 pct stake in NBG ups taxpayer losses from banks to 34 bln
EconomyBanking. Greek systemic lenders went through three main rounds of recapitalisation. The first used state funding... of recapitalisation in 2013, the HFSF also allocated 13.5 billion to cover the funding gap of banks under... resources allocated to the Greek banking system. Combining the capital injections and funding gaps
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Newsletter 447 - 17/01/2025
issuances in the coming months, as does the European Commission, which aims to tap markets for the funding... presents itself, without any funding pressures. It is understood that the strategy includes two main... finances, and their debt is on a downward path. UBS is bullish on GGBs thanks to the low funding needs
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PM gives ESY clean bill of health, prompting opposition backlash
PoliticsGreek Politicsin public funding is mirrored in access: 21 percent of Greeks reported unmet health-care needs in 2023... PASOK and Syriza demand a deeper overhaul of public structures, increased funding and an immediate... a foundation for modernisation, but without decisive action on staffing, funding and primary-care capacity
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Government’s growth ambitions meet RRF reality
EconomyMacroeconomyand companies for projects totalling 17.7 billion euros. To qualify for RRF funding, projects must.... Although SMEs account for 56 pct of agreements, their share of funding is just 3.1 billion euros...-standing concerns from the early days of the RRF about how far-reaching the funding will be across
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What is the state of play with Greek banks?
Economy, other cost cutting initiatives, lower funding cost and disposal of non-core assets will also be taken into account. Lower funding cost is the key top-line positive element stemming from the sharp
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It remains a mystery
Agoraissue and a coupon of 6.25 percent. From that point on it became apparent that funding at sustainable... additional funding of significance to support its banking sector following the restructuring. It is worth
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