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Newsletter 18 - 06/03/2015
extension of emergency liquidity assistance (ELA) funding access. As a result, Greek banks could... forthcoming transactions. The next key funding obligations this month relate to the payment of 1.5... ceiling of 3.5 billion that Greek banks can place for ELA funding. This means that even
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Piraeus reports net loss of 37 mln in Q1, records negative NPL formation for first time since 2008
EconomyBankingto 478 million largely on reduced funding cost attributed to lower reliance on the Emergency Liquidity Assistance (ELA) funding and government guarantees as well as lower deposit cost. In contrast, fee... the NPE coverage ratio was kept stable at 47 percent. Eurosystem funding dropped by 2.3 billion QoQ
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Piraeus Bank posts net profit of 185 mln in 2018
EconomyBankingloan disbursements at spreads higher than the back book and reduced funding costs. Deposits also.... Furthermore, the gradual reduction of reliance on ELA funding also had a positive impact on quarterly... over net loans compared to 153 bps in Q3. Balance Sheet Eurosystem funding came to 3.2 billion
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Piraeus Bank posts net profit of 20 mln in Q2 from continued operations, NPE sales step up
EconomyBankingthat there had been an improvement from the liability side and funding costs. Some impact was noted from loan... from the elimination of ELA funding in July 2018 and covered bonds eligibility for ECB use... and the switch from interbank repos to ECB funding. The Net Interest Margin (ΝΙΜ) in Q2 came to 243 bps versus
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We need to talk about unemployment
Agoraof the terrifying dimensions that unemployment has taken. The programs, assisted by EU funding, aim... Unit and the OECD. According to their findings, the OECD had the lowest error coefficient, meaning
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Bank of Greece sees 0.5pct growth in 2014 but warns of political risks
EconomyMacroeconomycorporates should seek alternative funding sources, the central bank says, including debt financing... recapitalisation last May, Greek banks’ Core Tier 1 ratio reached 10.7 percent. The findings of Blackrock loan
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Tsipras identifies first bills, domestic approval assured
PoliticsGreek Politicsafter tax evaders rather than have to refer their findings to tax offices, where there is often... through electricity bills, whose revenues go towards funding public broadcasting. Beyond
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The main political scenarios ahead for Greece should it reach a deal with lenders
PoliticsGreek Politicsalso strengthen the premier’s cause. On Friday, 49 SYRIZA MPs asked for the preliminary findings... through Parliament alone would not be enough to secure bailout funding and begin to restore stability
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Greek families shell out for education as state system falls short
Societyeducation sytem The findings will come as no surprise to families in Greece trying to ensure a standard... of education, including external and internal evaluation and performance-based funding for higher
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Study casts light on unusual export profile, identifies areas for improvement
EconomyFeatures-makers and businesses. The study compiled data from ELSTAT and ICAP. The findings illustrated..., high taxation, lack of access to funding, high transport costs and competitively weak production costs
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