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Eurobank turns profitable in Q1 for first time since Q3 2011, with net profit of 60 mln
EconomyBankingthe conference call that this would be more challenging before the full lift of capital controls. As expected, Eurosystem funding further dropped in Q1 to 22.9 billion in March from 25.3 billion... to 382.8 million mainly driven by lower funding cost resulting from a reduction in Eurosystem funding
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Marginal net losses of 2 mln for Alpha in Q1
EconomyBankingits domestic peers. During the conference call, the management noted it expects the capital controls... attributed the lower core income to the calendar effect. The bank benefitted from lower funding costs due to the reduced reliance on the Emergency Liquidity Assistance (ELA) funding, which was offset
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Piraeus Bank posts minor losses in Q4, almost breaking even for 2016
EconomyBankingthe conference call, the management noted that write-offs and NPL sales to achieve the committed NPL... down 0.5 percent QoQ to 453.2 million in Q4 as the positive impact from the lower funding cost... Eurosystem funding was reduced by 2.9 billion QoQ to 20.9 billion at the end of December with ELA funding
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Piraeus Bank posts net profit of 49 mln in Q4 and 270 mln in 2019
EconomyBanking. Their call centre had also experienced increased traffic due to guiding new digital customers through... percent, which contributed positively to the top line along with deposits and interbank funding costs... and the inorganic cost at 0.5 percent. Balance Sheet Eurosystem funding stood at 400 million at the end of Q4 2019
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Cyprus in 2014: Looking ahead
Agorain issues of communal violence and the Annan plan, in what we Cypriots call “the original Cyprus... Eroglu rejecting the use of binding phraseology on sovereignty and nationality in the communique
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Greek crisis redux? Not exactly
AgoraThis week's explosion of Greek bond spreads and collapse of stocks prompted many people to have a sense of déjà vu. Many editors and analysts jumped in to call the new turmoil a repeat of 2010, when... to investors a safe and binding monitoring arrangement for Greece, before the current one expires. It also
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No time for Tsipras to celebrate as long list of tasks means pressure is on from start
EconomyProgrammemeasures and structural fiscal reforms. The new fiscal targets agreed with the creditors call... of October binding bid dates for Piraeus and Thessaloniki ports as well as for TRAINOSE (operation
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NPL resolution in Italy and Greece
Agorain Italy. The next candidate due to initiate a cash call is Veneto Banca in June. As both country cases... lenders and necessitated an increasing amount of provisioning, thus binding up valuable capital
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Newsletter 119 - 19/05/2017
Angela Merkel on Tuesday. Following the phone call with Merkel, the Greek government suggested... was prepared in cooperation with the BoG and is a non-legally binding document outlining the strategy
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Opposition keeps spotlight on arms deal as coalition looks for way out
PoliticsGreek PoliticsArabia due to its role in Yemen. On Thursday, in a non-binding vote, the European Parliament adopted a resolution, following a 368 to 221 vote, to call on the EU to impose an arms embargo on Saudi Arabia
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