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ECB reinstates waiver in first step towards improving liquidity conditions for Greek banks
EconomyBankingcredit rating threshold with regards to the eligibility of collateral for funding purposes... for Emergency Liquidity Assistance (ELA) funding may be switched to ECB funding. This entails lower cost for banks since the ELA funding cost stands 150 basis points above that of financing from the ECB
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Piraeus Bank’s bottom line turns profitable with 20 mln net profits in Q2
EconomyBankingwith the NPE cash coverage ratio at 47 percent. Eurosystem funding declined by 3.6 billion euros QoQ..., increased repos and deposit inflows. In specific, the Emergency Liquidity Assistance (ELA) funding dropped by 2.6 billion since March to 13.5 billion, while ECB funding fell by 2.9 billion to 11.5 billion
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Fitch affirms Greece’s rating at ‘CCC’
Economyto face very large funding imbalances with the Emergency Liquidity Assistance (ELA) funding making up 20 percent of their funding. In addition, the reinstatement of waiver is expected to allow only a fairly small portion (around 7 percent) of ELA funding to be shifted towards the cheaper ECB funding
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Eurogroup doesn't end in tie for Tsipras
Agoraits participation in the Greek bailout “in principle” and not releasing any new funding until..., enough for the show to go on. Given these gains for Schaeuble, what was left for Greece? A funding... stand at almost 5 billion euros and this extra funding will inject some vital liquidity into the Greek
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Alpha Bank's net profits decline to 21.1 million in 2017, fourth quarter makes loss
EconomyBankingfunding costs on the back of reduced ECB dependence. On an annual basis, NII was roughly stable... 191 bps in 2016. Balance Sheet Eurosystem funding fell by 8.2 billion in 2017 to 10.2 billion... Assistance (ELA) funding was reduced by a total of 6.2 billion since December 2016 to 7 billion in December
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NBG reports full year net profits of 50 million euros from continued operations
EconomyBankingto 102 bps from 252 bps in 2017. Eurosystem funding Eurosystem funding in Q4 stands at just 2.3 billion... ) funding. Towards the end of March, it was reported that all of Greece’s banks were now off ELA funding. Repo funding came to 3.6 billion in Q4 2018, standing at 2.1 billion in March 2019. Capital
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Piraeus Bank posts net profit of 14 mln in Q1 from continued operations
EconomyBanking. Improved funding costs also contributed NII performance. The new time deposits rate stood at 61 bps... wholesale funding cost impact following the total elimination of Emergency Liquidity Assistance (ELA...-of-risk guidance for 2019 ranges from 160 to 180 bps over net loans. Balance Sheet Eurosystem funding
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Alpha Bank posts net profits of 59.4 mln in Q2, NPE sales worth 3.7 bln planned for remainder of year
EconomyBankingand wholesale funding costs, management said. The Net Interest Margin (NIM) was also stable QoQ at 2.5 percent... for Eurosystem funding is made up fully of European Central Bank funding. As of Q2, ECB funding rose by 1 billion euros QoQ to 4.1 billion euros. The funding is supported mainly by the increase of the bank’s ECB
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Newsletter 224 -18/10/2019
the aggregate PIB balance landed on a deficit of 777 million euros. Eurosystem funding down by 699.8 mln... funding declined by a total of 4.72 billion euros. Greek banks’ Eurosystem funding fell by 699.8... statement. The total for central bank funding comes to 7.51 billion, fully reflecting a drop of 700
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Alpha Bank posts net profits of 97.1 mln in 2019
EconomyBankingdisbursements at the end of Q3, lower wholesale funding costs and increased income from investments which.... The current amount for Eurosystem funding is made up fully of European Central Bank funding. As at the end of Q4, funding came to 3.1 billion, composed fully of TLTRO funding from the ECB, while the open
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