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Greek deposits slip in October as credit also contracts by 3.9 pct
EconomyMacroeconomy’ Eurosystem funding the combined liquidity they have received from the European Central Bank and the Bank... reflects higher interbank lending and lower funding needs on continued deleveraging. Credit contraction
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Deposits edged up in Nov but credit contraction was close to 4 pct
EconomyMacroeconomy’ Eurosystem funding (the combined liquidity they have received from the European Central Bank... sharp drop mainly reflects higher interbank lending and lower funding needs on continued deleveraging
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Omnibus bill passes but leaves marks on coalition and SYRIZA
PoliticsGreek PoliticsGreece’s coalition succeeded in passing on Sunday an omnibus bill of reforms demanded by the troika so Athens could receive further bailout funding but the process may have inflicted lasting damage... in order to secure up to 12 billion euros in bailout funding and then turning the focus within the eurozone
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Slight rise in deposits for March but outflows at 2.2 bln for 2014
EconomyMacroeconomyto deposit inflows in March, Greek banks’ Eurosystem funding further eased for the third straight month by 7.3 billion to 60.7 billion at the end of March. Lower Central Bank funding is most likely attributed
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Moody's upgrades Greek banks to stable, sees NPLs peaking at 37 pct this year
Economyas the key drivers to ease funding pressures and lead to a gradual recovery of the pre-provision profitability in 2015. That said Greek banks have reduced their Eurosystem funding to 19 percent of total
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Bond issued for capital support of Greek banks in 2009 reaches maturity
Economyup to 85 billion and is currently the key collateral that Greek banks use for Eurosystem funding... billion, reducing accordingly the country’s debt and funding gap for 2014. The remaining amount of 2.78
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National Bank starts 2014 posting net profit of 181 mln in Q1
EconomyBankingremaining the best among its domestic peers. That said, Eurosystem funding was contained by 2.7 billion... of 2013. It is noteworthy that ELA funding is zero since Q3 2013. Following the capital increase
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Better contribution collection for Greek pension funds but 5.1-bln shortfall looms
EconomyGreek pension funds have lost 32 billion euros since the beginning of the crisis and are facing a funding gap of 5.1 billion euros but the collection of social security contributions is improving... security sector in 2014. According to the data presented, social security funds face a funding gap
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National Bank reports 1.15 bln H1 profit on back of 1 bln deferred tax
EconomyBankingby lower bond NII and higher funding gap cost. Repricing of time deposits, particularly on the backbook.... In addition, Eurosystem funding further dropped by 7 billion QoQ to 11 billion at the end of Q2
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Paris talks mark start of Greece's most crucial troika review
EconomyProgrammereview. They key issues involve the consolidation of primary social security funds (SSF), the funding... in the negotiations for the identification of funding gap and decisions on debt relief measures along
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