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Opposition demands scrutiny of surveillance verdict by Parliament
PoliticsGreek Politicsspyware. On Wednesday, opposition parties expressed shock and disbelief at the findings of the Supreme... the committee access to the 300-page report of the inquiry findings, and the findings of all agencies cited
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New Tempe row brewing amid doubts over rail safety report
PoliticsGreek Politicson these findings, claiming that there was confusion over the expert input into the assessment. As a result this section of the report, which is a minor part of the overall findings, will be removed... that the socialists jumped the gun. He also claimed that the apparent doubts over the reports findings
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Grave OPEKEPE claims add to climate of mistrust affecting ND, political system
PoliticsGreek PoliticsAvgenakis, were aware of her findings. She also accused the current Rural Development Minister Kostas... that her audit files were seized and re-examined under new leadership, with findings altered to obscure.... The poll’s findings suggest that while ND retains a commanding electoral position, its handling
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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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Newsletter 22 - 03/04/2015
After successfully covering its funding needs in March, which, at 2.2 billion euros (excluding... to the Public Debt Management Agency (PDMA), the funding needs for April stand at around 820 million... than those on February 18, meaning that the banks cannot cover the emerging funding gap of 700
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Alpha Bank reports lower losses of 115.8 mln in Q1 2015
EconomyBankingto higher Emergency Liquidity Assistance (ELA) funding cost that burdened NII by 33 million...-February). Total ELA funding cost stands at 200 basis points (bps) compared to just 5 bps for ECB funding... funding increased to 23.6 billion in Q1 from 14.8 billion in Q4. The year to date movement reflects
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Greek pensions: The unsolvable equation
Agoratook a major hit not only as a result of people dropping out the labour force en masse but also due... of funding pensions and benefits has been one of the key factors that contributed... of 2009, barely two months after it took office. In 2008 the funding needs of Greece’s pension funds
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