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Discontent in SYRIZA simmers as Tsipras seeks to conclude talks with creditors
PoliticsGreek Politicsto the final agreement with the quadriga is minimal, Tsipras’s tools for maintaining cohesion within his party
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Greek banks set for early ELA return in apparent precautionary move
Economyto the pillar II of a government liquidity support scheme launched in November 2008. The initial... billion) relates to pillar II bonds, while the largest part of the remaining is with EFSF bonds. Note.... In addition, the pillar II bonds, which were recently prolonged by the EC until the end of June
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Greece sets out broad reform plan for lenders' approval
EconomyProgrammeand statics 4) Humanitarian crisis, which mainly relates to the first pillar of SYRIZA Thessaloniki... with Eurostat. Humanitarian crisis This commitment involves the first pillar of the Thessaloniki... pillar programme stood at 1.86 billion, implying that this has to be counterbalanced by incremental
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Greek Eurosystem funding up by 2.9 bln in March, reaches total of 107.1 bln
EconomyMacroeconomyprimarily involves pillar II bonds (at 47 billion at the end of February) as well as pillar II bonds, T... though that such a decision will not have any impact on pillar II bonds, which would continue being non
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Eurobank posts loss of 94.4 mln in Q1 as NPLs, Eurosystem funding rise
EconomyMacroeconomyfunding and government guarantees’ (pillar II) cost. The bank said the bulk of the NII... showed it contains pillar II bonds of 13.7 billion, credit claims of 8.7 billion, pillar III bonds, T
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Referendum and the ECB to determine the future of Greek banks
Economyindicate that the currently applied haircuts stand at around 20 percent for bank bonds with pillar... for Greek government bonds (GGBs) and less than 10 percent for T-Bills. Pillar II bonds made up 45... is equally split between state guaranteed securities (pillar II and III guarantees, GGBs and T-Bills
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National Bank reveals capital plan, which includes sale of whole Finansbank stake
EconomyBankingcapital needs of 4.6 billion. The first pillar involves an equity offering without pre-emptive rights... a resolution. The second pillar relates to a Liability Management Exercise (LME) involving a voluntary exchange... to raise capital up to 0.8 billion for the LME. The last key pillar involves the sale of 100 percent of its
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Encouraging signs for Greek banks in Q1 results but NPL management looms large
Agoraon an annual basis. Greek banks also reduced the pledged pillar II bonds by 5.4 billion euros... points (bps) to the state on the nominal value of the pledged pillar II bonds. Banks aim to further reduce their pillar II bonds in the coming quarters, with Piraeus having already eliminated its
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Alpha Bank reports net losses of 16.8 mln in Q2
EconomyBankingon ELA funding and reduced usage of pillar II bonds, was offset by lower loan NII. The latter reflects... Eurosystem cash buffer rose to 4.3 billion in August from 3.1 billion in March. Pillar II bonds.... The annual benefit from the repayment of pillar II bonds is estimated at 48 million. The ongoing
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Eurobank remains profitable with net profits of 46.2 mln in Q2
EconomyBankingon ELA and pillar II bonds more than offsetting lower loan NII. Net interest margin (NIM) improved... that the burden on NII and fees from pillar II bonds stood at 12 and 10 million respectively in Q2... that reached 6.7 billion in August from around 5 billion in March. In addition, pillar II bonds (nominal
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