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Piraeus reports net loss of 37 mln in Q1, records negative NPL formation for first time since 2008
EconomyBankingto 478 million largely on reduced funding cost attributed to lower reliance on the Emergency Liquidity Assistance (ELA) funding and government guarantees as well as lower deposit cost. In contrast, fee... the NPE coverage ratio was kept stable at 47 percent. Eurosystem funding dropped by 2.3 billion QoQ
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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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How Greek banks can balance on the collateral tightrope
Agora’ deposits helps the government covering mainly its external funding needs, yet it has a direct negative... (ELA) funding. Based on the latest official BoG figures, Greek banks used ELA funding of 74.4 billion euros by the end of April. At the same time, their ECB funding, almost entirely made up by EFSF
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Alpha Bank reports lower losses of 115.8 mln in Q1 2015
EconomyBankingto higher Emergency Liquidity Assistance (ELA) funding cost that burdened NII by 33 million...-February). Total ELA funding cost stands at 200 basis points (bps) compared to just 5 bps for ECB funding... funding increased to 23.6 billion in Q1 from 14.8 billion in Q4. The year to date movement reflects
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Greek pensions: The unsolvable equation
Agoratook a major hit not only as a result of people dropping out the labour force en masse but also due... of funding pensions and benefits has been one of the key factors that contributed... of 2009, barely two months after it took office. In 2008 the funding needs of Greece’s pension funds
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Loss-making Q4 and 2015 for Alpha, targets positive bottom-line in 2016
EconomyBankingdeposit cost was almost offset by the higher funding cost primarily attributed to the increased reliance on the Emergency Liquidity Assistance (ELA) funding. In addition, due to the continued loan... of December. Eurosystem funding decreased by 2.7 billion euros QoQ to 24.4 billion at the end
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Newsletter 104 - 27/01/2017
and matched funding. The ESM reiterated that the implementation of these short-term debt relief measures... pensioners. 2 Eurosystem funding falls for 18th successive month Greek banks have cut... a decrease in emergency liquidity assistance (ELA) funding by 1.37 billion. Greek banks’ Eurosystem funding
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Newsletter 123 - 16/06/2017
clearly that no funding would be released until there is more clarity on the debt measures. Lagarde... not attained by the Greek side. Tax debt rises again in April Eurosystem funding to Greek banks falls... and stood at 3.94 million at the end of April. Greek banks’ Eurosystem funding dropped for the 23rd
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Piraeus Bank posts net profit of 44 mln in Q3 from continued operations
EconomyBanking, while deposit and due to banks funding costs have also been supportive. The loans were disbursed... 2018. The cost-of-risk for 9M 2019 was 172 bps over net loans. Balance Sheet Eurosystem funding stood at 800 million at the end of Q3 2019, down by 2 billion YoY. The bank fully eliminated ELA funding
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