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Piraeus Bank reaps reward of 2021 balance sheet clean-up as net profit reaches 520 mln in Q1
EconomyBanking. Eurosystem funding stood at 14.5 billion euros, which corresponds to the complete utilisation of the ECB’s targeted long-term refinancing operations (TLTRO III) funding. Net loans came to 35 billion
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NBG profits narrow to 208 mln in Q1
EconomyBanking, unchanged from last year. The significantly lower funding terms under TLTRO III, coupled with the repricing of time deposits, led to an improvement of the bank’s blended funding cost to -2 basis points
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Concerns about RRF growing as deadlines loom
PoliticsGreek PoliticsThere are growing concerns about whether the Greek government can keep up with the pace necessary to ensure the release of EU funding from the Recovery and Resilience Facility (RRF) for a wide range... funding via major public works projects, SMEs will also be able to tap the EU resources via a number
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High energy prices fuel uncertainty on fiscal front
EconomyMacroeconomyprobable that funding will be required for another package in the last quarter of the year, meaning... as support funding will need to come only from tax overperformance, if the debt strategy of 12 billion
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Piraeus Bank reports 614 mln profit in H1 after NPE de-risking drive in 2021
EconomyBankingpercent. Eurosystem funding stood at 14.5 billion euros, which corresponds to the complete utilisation of the ECB’s targeted long-term refinancing operations (TLTRO III) funding. Net loans came
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Yields rise, but Greek debt still partly shielded from market headwinds
Economyfunding needs, large part of the debt is in fixed low rates to the official sector and the average... for the next two years has also improved the profile further, bringing the funding needs from
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Newsletter 395 - 29/09/2023
rounds of recapitalisation, the first used state funding via resources offered primarily by the EFSF... billion to cover the funding gap of banks under liquidation with the bulk of the funds going to two
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Greece aiming to agree updated migration deal with Turkey
PoliticsForeign Policywill seek further EU funding. Following the elections in his country earlier this year, Erdogan has... as additional funding. The agreement has so far financed 6 billion euros, but the EU could add an additional 3
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State braces for losses as bank divestment plan is put into action
EconomyBankinglenders went through three main rounds of recapitalisation, the first used state funding via resources... in 2013, HFSF also allocated 13.5 billion to cover the funding gap of banks under liquidation
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Newsletter 406 - 15/12/2023
buffer is ESM funding that is only for specific purposes under certain conditions. One option being explored is to use the cheap ESM funding for the repayment of a good chunk of the GLF loans
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