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Eurobank remains profitable with net profits of 46.2 mln in Q2
EconomyBankingAssistance (ELA) funding notably decreased from 18.3 billion in March to 15.8 billion in June and further...) improved 1.3 percent QoQ to 387.7 million mainly driven by lower funding cost related to reduced reliance on ELA and pillar II bonds more than offsetting lower loan NII. Net interest margin (NIM) improved
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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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Eurobank records net profits of 85 mln in Q3, updates on NPE reduction targets
EconomyBankingto 388.9 million in Q3, mainly driven by lower funding cost largely stemming from reduced reliance on the Emergency Liquidity Assistance (ELA) funding that more than offset a drop in the loan NII... until November 9. Since the end of June to date, ELA funding has been reduced by 2.7 billion to 13.1
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Alpha Bank posts net profits of 48.1 mln in Q1, Greek NPE formation turns slightly negative on write-offs
EconomyBanking), while the weaker loan NII due to deleveraging was offset by lower funding cost. The latter related to reduced reliance on Emergency Liquidity Assistance (ELA) funding and lower pillar II bonds... by 500 million to 16.4 billion in May. Specifically, ELA funding fell from 13.2 billion last December
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Alpha Bank's net profits decline to 21.1 million in 2017, fourth quarter makes loss
EconomyBankingAssistance (ELA) funding was reduced by a total of 6.2 billion since December 2016 to 7 billion in December... on reducing NPLs in line with our targets, eliminating ELA support, expanding our non interest... funding costs on the back of reduced ECB dependence. On an annual basis, NII was roughly stable
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Piraeus Bank posts net profit of 14 mln in Q1 from continued operations
EconomyBankingwholesale funding cost impact following the total elimination of Emergency Liquidity Assistance (ELA... stood at 1.70 billion at the end of Q1 2019, down by 4.4 billion YoY. The bank fully eliminated ELA.... Improved funding costs also contributed NII performance. The new time deposits rate stood at 61 bps
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Greece in 2014: The risks and opportunities of moving forward
Agorathe European institutions and bilateral partners of Greece provide such debt relief in order... and nobody dares to answer in public is the following: which of the official institutional and bilateral... it. Any new growth agenda for Greece will have to include new funding avenues and access
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Athens and Skopje press ahead with confidence measures despite uncertainty
PoliticsForeign Policythe next few days to discuss in detail bilateral CBMs with the government in the Former Yugoslav... the mandate of the United Nations on the name issue. However, they should help improve bilateral relations... examining the possibility of Brussels funding some of these measures. Reports in both Greece and FYROM
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China's footprint in Southeast Europe: Constructing the "Balkan Silk Road"
Agora. As of end-2015, the total value of bilateral trade surpassed Euro 3 billion. The trade balance is heavily... container fleet. The bilateral agreement was signed in Athens in November 2008 and became operational.../44d4c87c-98dd-4061-bdf6-b292884a5073. For 2015 data see: http://atlas.media.mit.edu/en/profile/country/grc/. [7] Last year 150,000
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Welcome to the club: Greece Joins the 17+1 network
Agora, the network provides the institutional setting for China to engage on a bilateral basis with countries... administrations in the US. The depth of improvement in US-Greek bilateral relations extends beyond...In the course of the past decade, China has invested in and provided loan funding
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