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Voting for brinkmanship while the real economy needs solutions
Agoradays of 2014. The election of the country’s president by parliament through an open roll call may... creditworthiness will quickly create funding gaps for the Greek state. The default option to subsequently... quality continues to be. In September of this year, the tailwind provided by lower funding costs
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Greece's key pledges and requests at the Eurogroup meetings
PoliticsGreek Politicsthis will be enough for Eurogroup president Jeroen Dijsselbloem to call an emergency meeting of eurozone..., in association with European investment institutions such as the European Investment Banks, funding... of additional payments to the IMF. These payments create very exceptional pressure on Greece’s funding needs
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Tsipras steps in amid concern deal with lenders slipping away
PoliticsGreek Politicstelephone call between Greek Prime Minister Alexis Tsipras and German Chancellor Angela Merkel... that would secure further bailout funding and solve the government’s growing liquidity problem might... the conditions are in place for funding to be released following the next finance ministers’ gathering on May
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Piraeus Bank brings Q1 2015 losses down to 69 mln
EconomyBankingNPL eased to 41.3 percent. NPLs During the conference call, Piraeus management noted that the NPL... jumped close to 120 percent in Q1 from 101 percent in Q4. Eurosystem Eurosystem funding climbed from... billion in mid-May. The breakdown of the most updated figure includes ECB funding of 15.1 billion
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Newsletter 32 - 26/06/2015
, PASOK and perhaps New Democracy. Tsipras could pick a completely different course and call snap... the programme if Greece is to avoid defaulting. Eurosystem funding increased Greek banks’ Eurosystem funding increased for the eighth straight month in May but at a slower pace of 3.56 billion euros
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June deposit outflow rises to 7.58 bln as total balance drops to lowest in 12 years
EconomyMacroeconomythe referendum call on June 26, ECB decided not to increase the ELA limit for Greek banks for almost... in Greek banks’ Eurosystem funding by 10.17 billion in the same month. More than 90 percent of this monthly increase in Central Bank funding stemmed from Emergency Liquidity Assistance (ELA) funding
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Newsletter 92 - 14/10/2016
found itself being the first port of call in the biggest flow of refugees in to Europe since..., respectively. Eurosystem funding fell for the 15th straight month in September, dropping by 3.15 billion... assistance (ELA) funding by 1.82 and 1.33 billion, respectively. Overall, the Greek banks’ reliance
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Greek banks conclude series of corporate actions as part of restructuring
EconomyBanking. The repayment of CoCos was recently communicated by the bank’s management during the conference call... an SME securitisation transaction achieving medium-term funding of 320 million. The senior notes were... to diversify Alpha’s funding sources, improve its liquidity profile and gradually restore its presence
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Alpha Bank reports net profits of 20 mln in Q4, leading full-year earnings to 42 mln
EconomyBankingresulted from re-defaults. During the conference call, the management noted that following... 1.8 percent QoQ to 490.1 million in Q4 as the lower wholesale funding cost more than offset weaker.... Balance Sheet Eurosystem funding was reduced by 2.5 billion euros QoQ to 18.3 billion mainly
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Eurobank records 40 mln net profits in Q2 and third quarter of negative NPE formation
EconomyBankinga negative NPL formation of -45 million for the first time since Q3 2016. During the conference call... funding cost. The management expects NII to remain stable for the whole year, on the back of loan... Sheet Eurosystem funding declined by 1.9 billion euros QoQ to 13.8 billion in June and by another
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