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NBG records loss of 2.05 bln in Q4 on one-offs and jump in credit risk provisions
EconomyBankingand a drop in the loan NII. During the conference call, the management guided for a positive impact... cash coverage ratio at 53 percent. Eurosystem funding dropped by 1.6 billion euros QoQ to 24 billion in Q4 and further to 23.4 billion on March 10. The current figure incorporates ECB funding of 12.5
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NBG completes sale of Finansbank to Qatar National Bank
EconomyBanking22, while the management had indicated in the conference call of first-quarter results... bonds, reducing accordingly its reliance on the Emergency Liquidity Assistance (ELA) funding and the associated funding cost. The cash value of the pledged pillar II bonds stood at 1.5 billion euros
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One-off loss affects NBG’s P&L, NPE stock drops by 900 mln in Q2
EconomyBankingthe conference call, the management guided towards further divestment in the Southeast Europe (SEE), while... percent QoQ to 482 million largely driven by lower funding cost due to reduced Emergency Liquidity Assistance (ELA) funding as well as lower deposit cost. Fee and insurance income rose by 4 and 30
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NBG reports net loss of 35 million in Q3, NPEs fall for sixth quarter
EconomyBankingin capital and 1 billion euros in liquidity. Management noted in the conference call that a sale... other negative developments. Balance Sheet Eurosystem funding stood at 6 billion in Q3 from 8.4 billion... (ELA) funding from 3.8 billion in June to 2.3 billion in September. At 1 billion euros in October, NBG
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Newsletter 424 - 24/05/2024
that he was “not losing sleep” waiting for a call from the SYRIZA leader. Commenting on his recent... becomes more complex as the process of the funding reaching the economy is moving at a significantly... ownership of specific approved projects. The pace at which funding is reaching Greek companies is even
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Newsletter 446 - 10/01/2025
class voters who deserted New Democracy in last summer’s EP elections, sounding a strong wake-up call... funding needs for the year are a modest 15.28 billion euros, with debt amortisation at just 5.54 billion... is surpassed. In 2024, Greece’s total annual funding needs dropped below the critical level of 10 pct of GDP
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Samaras hopes for Merkel fillip as gloom grips Greek coalition
PoliticsGreek Politicsthe backing of 180 out of 300 MPs, he may feel that his best option would be to call snap elections rather... believe the leftists would not be able to govern effectively) but the survey findings make most alarming
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HRADF outlines major privatisation plan, no timelines given
EconomyProgrammefor the sale and submitting their findings to the HRADF. A Call for the Expressions of Interest
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IMF concludes Article IV consultation, prepares to publish DSA in July
EconomyProgrammethe same approach as in other eurozone countries that exited their bailouts. “We will have what we call... concluded on Thursday and it is expected that the Fund will provide its preliminary findings, known
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Speculation about May elections revived by SYRIZA officials' comments
PoliticsGreek PoliticsFor those looking out for signs of when the next elections might be held, a couple of comments this week by SYRIZA officials fuelled speculation that Prime Minister Alexis Tsipras will call snap... to deliver its findings in the coming days. The minister said it is the government’s intention to submit
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