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Alpha Bank posts net profits of 41 mln in Q3, discloses NPE reduction targets
EconomyBankingin June to 19.4 billion in November. In specific, ELA funding was cut by 1.7 billion to 14.2 billion... on ELA funding via covered bonds, securitisations and interbank repos. It is worth noting... percent QoQ to 487 million in Q3, mostly reflecting a calendar effect, while the reduced funding
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Newsletter 140 -17/11/2017
by 29.27 billion euros. This is mainly as a result of a fall in ELA funding by 20.91 billion and in ECB... programme was agreed. The majority of this fall (64.02 billion) comes from a lower reliance on ELA funding... of Greece’s (BoG) monthly financial statement also showed that Eurosystem funding fell
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Athens unmoved as relations with Russia become chillier
PoliticsForeign PolicyBilateral relations between the Greek government and Russia's President Vladimir Putin appear... to certain stories in the Greek media, the first crack in bilateral relations appeared. Greek... viewed Russia as a potential alternative source of funding in the event that the coalition was unable
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The dragon's head roars in Athens
Agora) to expand bilateral cooperation. Inter alia, they include Greek agricultural exports (e.g. saffron... made in deepening Sino-Greek relations while simultaneously emphasising that this bilateral... facility and the development of a new port logistics center. The concession process and funding
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Greece aiming to agree updated migration deal with Turkey
PoliticsForeign Policyand Asylum Pact. The third issue is of a bilateral nature since the EU-Turkey agreement did... accepted returns, whenever this is feasible. But due to the bilateral nature of this issue... will seek further EU funding. Following the elections in his country earlier this year, Erdogan has
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Newsletter 12 - 23/01/2015
Assistance (ELA) funding. The BoG in turn requested approval from the ECB for the four banks, including... on February 4. Although the liquidity of Greek banks seems to be secured with access to ELA funding... of the bailout programme will be discussed at that meeting. The next important matter concerns Greece’s funding
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Piraeus posts 1.24 bln loss in Q4 on jump in loan provisions
EconomyBankingbillion for the full year, on higher funding cost related to increased reliance to the Emergency Liquidity Assistance (ELA) funding. Similarly to Alpha and Eurobank, Piraeus also posted a marked QoQ rebound... that the ELA collateral buffer is currently estimated at 9 billion. Gross loans were kept stable QoQ
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Eurobank turns profitable in Q1 for first time since Q3 2011, with net profit of 60 mln
EconomyBankingin December, while has slipped to 22.8 billion in May. The breakdown shows ELA funding currently stands.... From the ELA eligible collateral pool of 21 billion (cash value), the bulk (15.4 billion) relates... to 382.8 million mainly driven by lower funding cost resulting from a reduction in Eurosystem funding
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Marginal deposit flow in April for second straight month
EconomyMacroeconomythe Emergency Liquidity Assistance (ELA) funding rose by 690 million in April. Central Bank funding has been slashed by 27 billion over the past ten months, mostly due to a reduction in ELA funding by almost...’ reliance on Eurosystem funding dropped for the tenth consecutive month by 1.88 billion to 99.57
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Piraeus Bank posts minor losses in Q4, almost breaking even for 2016
EconomyBankingEurosystem funding was reduced by 2.9 billion QoQ to 20.9 billion at the end of December with ELA funding... billion (of which 0.9 billion related to ELA funding), while EFSF repos increased by 2.2 billion... down 0.5 percent QoQ to 453.2 million in Q4 as the positive impact from the lower funding cost
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