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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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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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Piraeus reports 729 mln profit as cost of balance sheet clean-up drops by 3.5 bln
EconomyBankingbillion in H1. The liquidity coverage ratio stood at 192 percent. Eurosystem funding stood at 14.4... operations (TLTRO III) funding. Net loans came to 36 billion euros, with loans comprising 44 pct
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PM launches reconstruction plan for disaster-hit regions as SYRIZA walkout spawns new group
PoliticsGreek Politics’s claims to have secured additional European funding for the measures and earmarked funding
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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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Benefits of investment grade starting to become visible
Economybuffer 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, currently
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Mitsotakis lets budget measures sink in as he mulls presidential pick
PoliticsGreek Politicsand its move to axe state funding for the far-right Spartiates party. Both had been issues that the party... from New Democracy’s state funding rather than being borne by the taxpayers.
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IMF's Article IV consultation notes progress, reiterates low long-term growth outlook
EconomyMacroeconomybut remain persistent in services due to wage growth. As RRF funding expires, GDP growth may slow... of around 2.5 pct of GDP in 2025. Improving expenditure efficiency is essential to ensure adequate funding
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