Search
-
EquiFund makes official launch in bid to grow Greek businesses
EconomyFeaturesis to leverage around 500 million euros in funding to support business growth. By providing loans... (EU) along with funding from the European Investment Bank (EIB) through the European Fund... develop businesses in Greece and encourage their growth. It outlines several stages at which funding
2% -
Eurobank net profits at 34.5 mln in Q1
EconomyBankingat 1.96 Balance Sheet Eurosystem funding declined by 2.9 billion euros QoQ to 7.1 billion in March... (ELA) funding in particular fell to 3.9 billion in March from 7.9 billion in December as a result... deposits and lower Eurosystem funding reliance, commenting that the uptick in business lending seen
2% -
What the ECB did next - a tale from another crisis
Agorathe ECB could have addressed Greece’s funding needs outside the Troika support mechanism? Theoretically... shutting down funding avenues for the Greek government by first dis-allowing state bonds from being... funding. But, what else could they, or should they have done? Allowing back door financing would defeat
2% -
Deposit inflows reach 1.30 bln in August on increased sight deposits
EconomyMacroeconomythat Eurosystem funding fell by 382.1 million euros in August. August’s movement brings the total for central bank funding to 12.63 billion euros compared to July’s sum of 13.02 billion euros. Since the start of the year, Eurosystem funding has declined by around 21.04 billion.
2% -
Deposit inflows come to 102 mln in September, slowing from recent months
EconomyMacroeconomyto 147.47 billion. The BoG’s most recent monthly financial statement showed that Eurosystem funding... for central bank funding to 12.23 billion euros compared to August’s sum of 12.63 billion euros. Since the start of the year, Eurosystem funding has declined by around 21.44 billion.
2% -
October deposit inflows turn negative by 345.5 mln for first time since January
EconomyMacroeconomyto 147.98 billion. The BoG’s most recent monthly financial statement showed that Eurosystem funding... for central bank funding comes to 13.20 billion euros compared to September’s sum of 12.23 billion euros. Since the start of the year, Eurosystem funding has declined by around 20.47 billion.
2% -
Piraeus Bank posts net profit of 94 mln in Q3 and 40 mln in 9M
EconomyBankingwill gradually have a positive result on the cost of risk for Piraeus Bank. Balance Sheet Eurosystem funding... billion in June. The bank notes that the drop came from shifting interbank repo funding with funding from the ECB’s main refinancing operations at zero cost, utilising its 4 billion euro ECB eligible
2% -
December deposit inflows hit six-year high of 3.15 bln
EconomyMacroeconomy’s most recent monthly financial statement showed that Eurosystem funding fell by 978 million euros month-on-month in November. As of November’s data, the total for central bank funding comes to 12.23..., Eurosystem funding has declined by around 21.45 billion. The BoG also announced on January 24, 2019
2% -
NBG reports net profits of 122 mln in Q2, highlights successful bond sale
EconomyBankingwith a cost of risk at 140 bps. Eurosystem funding remained at 2.3 billion in Q2, unchanged QoQ... consists of TLTRO funding from the ECB, with the Bank enjoying a large liquidity buffer. Interbank exposure was reduced by 2.7 billion in the year to date, stemming from further funding cost
2% -
Eurobank net profits at 6 mln in Q2 amid increasing securitisations
EconomyBanking, management said. Balance Sheet Eurosystem funding was unchanged QoQ at 1.3 billion euros in June 2019. Emergency Liquidity Assistance (ELA) funding has been fully eliminated, with the total now representing only ECB liquidity. YoY, Eurosystem funding has fallen by 12.5 billion. Greek deposits
2%