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Greece is gasping for a deal
Agora. Greece has not received any bailout funding from its lenders since August but has kept meeting its debt... to unlock further funding, desperately short of cash. In order to cover its international and domestic... of bailout funding remaining (including 3.5 billion euros from the IMF) before the end of June
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Deposit outflow slows to 2.19 bln in Mar as balances slip to lowest in 10 yrs
EconomyMacroeconomyto the coverage of the state’s funding needs mainly related to debt redemptions and IMF payments... banks’ Eurosystem funding rising to 107.18 billion at the end of March, up by 62.33 billion on the end-November figure of 44.85 billion. More importantly, 64 percent of central bank funding relates
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Banks' trading updates show slight improvement in core pre-provision income, deceleration in NPL formation
Economythat prevailed in the Greek market in Q2. At the same time, Eurosystem funding rose by 7 billion to 37.3 billion in Q2 with around 60 percent made up by ELA funding. The improving liquidity conditions... Bank funding by 1.5 billion in the course of Q3 to 35.8 billion at the end of September. The bank
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Marginal deposit flow in April for second straight month
EconomyMacroeconomy’ reliance on Eurosystem funding dropped for the tenth consecutive month by 1.88 billion to 99.57 billion in April. The monthly drop is entirely due to a fall in ECB funding by 2.57 billion, while the Emergency Liquidity Assistance (ELA) funding rose by 690 million in April. Central Bank funding has
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Alpha Bank posts net profits of 35.5 mln in Q3, NPEs continue to decline
EconomyBankingwas partially offset by lower central bank funding costs. Fee income also declined by 7.5 percent QoQ... in the previous quarter, and 169 bps a year ago. Balance Sheet Eurosystem funding fell by 3.4 billion QoQ... Liquidity Assistance (ELA) funding has been reduced by a total of 4.1 billion since Q2 to 7.3 billion
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Alpha Bank posts net profits of 65.2 mln in Q1, NPEs fall for fifth quarter
EconomyBanking, funding cost continued to decrease, supported by the ongoing disengagement from ELA support... Sheet Eurosystem funding fell by 2.3 billion in QoQ to 7.9 billion at the end of March, falling by a further 1.7 billion by the end of May. Specifically, Emergency Liquidity Assistance (ELA) funding
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Alpha Bank posts net profits of 53 mln in 2018
EconomyBankingeuros QoQ. This was due to the benefit from the deposits re-pricing and the stable wholesale funding... Eurosystem funding fell by 6.8 billion from the end of 2017 to 3.1 billion at the end of 2018... all ELA funding in that month. ECB funding now composes the full 3.1 billion euros in Eurosystem
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Coalition agrees policy framework: Purpose unclear, impact doubtful
PoliticsGreek Politicscontents suggests that Samaras showed little interest in moulding this into a binding document
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Local elections in Greece a precursor of European vote
PoliticsGreek Politicsreferendum on the proposed privatisation of the local water company, EYATH. Although the non-binding vote
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New obstacle for privatisations as court blocks sale of water firm
Economyby HRADF’s BoD at the end of May 2013. The next phase involves the submission of binding offers
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