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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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Newsletter 95 - 11/11/2016
funding fell by 3.53 billion from the previous month to 71.78 billion at the end of October, which... and the emergency liquidity assistance (ELA) funding by 2.24 and 1.29 billion, respectively. Since June 2015, when the third bailout programme was agreed, Eurosystem funding has been reduced by around 55
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Second review to resume in Athens under severe time pressure
EconomyProgrammeMinistry, which identified labour reforms, the fiscal gap and the funding of the guaranteed minimal... funding, which is foreseen at 760 million. A negative development also emerged after the downward... collection will be in line with the target, the Fiscal Council stresses. On the GMI funding, a World Bank
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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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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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ESM board to specify rules on short-term debt relief measures
EconomyProgrammeinclude the pricing and funding of those measures ensuring that the related costs will only burden... arrangements to stabilise the cost of funding for Greece and at the same time to reduce the risk... is the matched funding, meaning that the ESM will finance future disbursements to Greece with long-term
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Alpha Bank reports net profits of 20 mln in Q4, leading full-year earnings to 42 mln
EconomyBanking1.8 percent QoQ to 490.1 million in Q4 as the lower wholesale funding cost more than offset weaker.... Balance Sheet Eurosystem funding was reduced by 2.5 billion euros QoQ to 18.3 billion mainly reflecting disposal of EFSF bonds and deposit inflows. As a result, ELA funding dropped to 13.2 billion
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Eurobank stays profitable in Q1 with net earnings of 36.5 mln
EconomyBankingan improvement in deposit NII and lower funding costs. Lending spreads in Greece remained under... years. Balance Sheet Eurosystem funding increased by 1.8 billion QoQ to 15.7 billion in March...) funding rose by 300 million QoQ to 12.2 billion in March. It has since fallen by 600 million largely due
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Newsletter 120 - 26/05/2017
debt sustainable it would not join the programme with funding. This proposal was rejected... with funding later. Figures reveal national pension profiles NPL formation turns positive while SMEs... outpaced lower funding cost. NBG posted a rebound mostly due to a low base effect. Travel receipts fell
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