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Troika returning to Greece but key decisions still months away
PoliticsGreek Politicswould help Greece and its eurozone partners to focus on wider issues, such as funding gaps for 2014... this would take care of the immediate need for funding, without which Greece would default in May... might take. When will discussions on more funding for Greece take place? Reports in Germany over
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Newsletter 18 - 06/03/2015
extension of emergency liquidity assistance (ELA) funding access. As a result, Greek banks could... forthcoming transactions. The next key funding obligations this month relate to the payment of 1.5... ceiling of 3.5 billion that Greek banks can place for ELA funding. This means that even
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Greece seeks 3-year programme that could exceed 65 bln
EconomyProgrammea week ago provides a good guide on Greece’s funding needs until 2018. However, as IMF managing... interest payments of 17.2 billion euros over this 3.5 year period, Greece’s debt-related funding needs stand at 47 billion. On top of this figure, additional funding needs of 14.7 billion euros
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Newsletter 109 - 03/03/2017
by a negative flow of 1.12 billion. Faster fall in Eurosystem funding in January At 63.01 bln, central bank funding hits lowest level since late 2014 Monthly drop largely reflects a marked decline in ECB funding by 2.76 billion to 20.2 billion. Greek banks Eurosystem funding decreased
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Alpha Bank makes loss of 52.9 mln in Q2, reaching profit of 12.3 mln in H1
EconomyBankingby funding improvements which mostly reflect the bank’s participation in European Central Bank’s... Emergency Liquidity Assistance (ELA) reliance and the calendar effect. Funding costs were down by 25 million... into costlier management actions, according to the bank. Balance Sheet Eurosystem funding fell by 2 billion
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Piraeus Bank posts net profit of 185 mln in 2018
EconomyBankingloan disbursements at spreads higher than the back book and reduced funding costs. Deposits also.... Furthermore, the gradual reduction of reliance on ELA funding also had a positive impact on quarterly... over net loans compared to 153 bps in Q3. Balance Sheet Eurosystem funding came to 3.2 billion
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Piraeus Bank posts net profit of 20 mln in Q2 from continued operations, NPE sales step up
EconomyBankingthat there had been an improvement from the liability side and funding costs. Some impact was noted from loan... from the elimination of ELA funding in July 2018 and covered bonds eligibility for ECB use... and the switch from interbank repos to ECB funding. The Net Interest Margin (ΝΙΜ) in Q2 came to 243 bps versus
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Stepping up search for alliances, Tsipras welcomes Euro-Med leaders
PoliticsGreek Politics,” said French social democrat Emmanuel Maurel “I don’t want to interfere in Greek politics
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No honeymoon for Macron
Agoraon the result of the mid-June legislative elections. In principle, his “En Marche” movement is well...Emmanuel Macron does not have a lot of time for celebrations after winning the second round of the presidential election on Sunday. Never has an incoming president had to confront a higher level
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Macron visit gives Tsipras chance to build ties, refocus
PoliticsGreek PoliticsPrime Minister Alexis Tsipras is hoping that he can redirect the domestic debate and voters’ attention towards next year’s expected exit from the programme with the help of the early September visit to Greece by French President Emmanuel Macron. News of Macron’s trip surfaced in Greece earlier
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