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Piraeus reports net loss of 37 mln in Q1, records negative NPL formation for first time since 2008
EconomyBankingto 478 million largely on reduced funding cost attributed to lower reliance on the Emergency Liquidity Assistance (ELA) funding and government guarantees as well as lower deposit cost. In contrast, fee... the NPE coverage ratio was kept stable at 47 percent. Eurosystem funding dropped by 2.3 billion QoQ
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Alpha Bank makes loss of 52.9 mln in Q2, reaching profit of 12.3 mln in H1
EconomyBankingby funding improvements which mostly reflect the bank’s participation in European Central Bank’s... Emergency Liquidity Assistance (ELA) reliance and the calendar effect. Funding costs were down by 25 million... into costlier management actions, according to the bank. Balance Sheet Eurosystem funding fell by 2 billion
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Piraeus Bank posts net profit of 185 mln in 2018
EconomyBankingloan disbursements at spreads higher than the back book and reduced funding costs. Deposits also.... Furthermore, the gradual reduction of reliance on ELA funding also had a positive impact on quarterly... over net loans compared to 153 bps in Q3. Balance Sheet Eurosystem funding came to 3.2 billion
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Stepping up search for alliances, Tsipras welcomes Euro-Med leaders
PoliticsGreek Politics,” said French social democrat Emmanuel Maurel “I don’t want to interfere in Greek politics
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No honeymoon for Macron
Agoraon the result of the mid-June legislative elections. In principle, his “En Marche” movement is well...Emmanuel Macron does not have a lot of time for celebrations after winning the second round of the presidential election on Sunday. Never has an incoming president had to confront a higher level
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Macron visit gives Tsipras chance to build ties, refocus
PoliticsGreek PoliticsPrime Minister Alexis Tsipras is hoping that he can redirect the domestic debate and voters’ attention towards next year’s expected exit from the programme with the help of the early September visit to Greece by French President Emmanuel Macron. News of Macron’s trip surfaced in Greece earlier
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Tsipras and Mitsotakis look for new impetus from Thessaloniki appearances
PoliticsGreek Politics. The Tsipras administration may be aided in this by the visit to Greece of French President Emmanuel
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Coalition returns to work with one eye on centre-left leadership contest
PoliticsGreek PoliticsPrime Minister Alexis Tsipras chaired on Monday morning the first cabinet meeting since the summer break, with the government focussing on legislative activity ahead of the premier’s appearance at the Thessaloniki International Fair (TIF) and his meeting with French President Emmanuel Macron
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Tsipras seeks coalition makeover before review pressure ramps up
PoliticsGreek Politics. This approach will intensify next week, when Tsipras is due to meet with French President Emmanuel Macron
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Macron arrives in Athens, kindling government's hopes
PoliticsGreek PoliticsWithin minutes of arriving in Greece on Thursday, French President Emmanuel Macron sketched out his vision for eurozone reform, which is one of the key reasons for the enthusiasm with which he is being received by the Greek government. Speaking after meeting President Prokopis Pavlopoulos, Macron
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