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Poll upends opposition landscape and triggers fresh unrest in PASOK
PoliticsGreek Politics. The poll’s deeper findings suggest voters are searching for something the existing parties... is unprotected against extreme weather, adding a sense of vulnerability to the national mood. The poll findings
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ND and PASOK trade accusations as fresh corruption allegations cloud opposition
PoliticsGreek PoliticsHatzidaki, while it waits for the findings of an investigation into benefits fraud. Hatzidaki headed... into the findings. Georgiadis stated that there is no “issue around the legality of abortions in Greece
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Piraeus Bank reports net profit of 164.3 mln in Q2
EconomyBankingfunding cost, also involving a 26 bps drop in time deposit rates, and higher loan NII. June time... realised so far 65 percent of the targeted cost synergies and 100 percent of funding synergies... and Eurobank at 103 percent and lower than Alpha’s at 119 percent. Eurosystem funding remained flat QoQ at 10
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Deposit outflow slows to 2.19 bln in Mar as balances slip to lowest in 10 yrs
EconomyMacroeconomyto the coverage of the state’s funding needs mainly related to debt redemptions and IMF payments... banks’ Eurosystem funding rising to 107.18 billion at the end of March, up by 62.33 billion on the end-November figure of 44.85 billion. More importantly, 64 percent of central bank funding relates
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Agreement creates array of political challenges for Tsipras, who must move fast
PoliticsGreek Politics’s medium-term funding problems, highlighting this as one of the key advantages of this package... Fund in Greece’s program, even though the Fund’s funding is due to run out in March next year... reviews to qualify funding, including visits by officials to Athens. These inspections have proved
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Banks' trading updates show slight improvement in core pre-provision income, deceleration in NPL formation
Economythat prevailed in the Greek market in Q2. At the same time, Eurosystem funding rose by 7 billion to 37.3 billion in Q2 with around 60 percent made up by ELA funding. The improving liquidity conditions... Bank funding by 1.5 billion in the course of Q3 to 35.8 billion at the end of September. The bank
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Piraeus posts 1.24 bln loss in Q4 on jump in loan provisions
EconomyBankingbillion for the full year, on higher funding cost related to increased reliance to the Emergency Liquidity Assistance (ELA) funding. Similarly to Alpha and Eurobank, Piraeus also posted a marked QoQ rebound... coverage ratio at 47 percent. Eurosystem funding fell by 3.1 billion QoQ to 32.7 billion in Q4
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Eurobank turns profitable in Q1 for first time since Q3 2011, with net profit of 60 mln
EconomyBankingto 382.8 million mainly driven by lower funding cost resulting from a reduction in Eurosystem funding.... As expected, Eurosystem funding further dropped in Q1 to 22.9 billion in March from 25.3 billion in December, while has slipped to 22.8 billion in May. The breakdown shows ELA funding currently stands
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Marginal deposit flow in April for second straight month
EconomyMacroeconomy’ reliance on Eurosystem funding dropped for the tenth consecutive month by 1.88 billion to 99.57 billion in April. The monthly drop is entirely due to a fall in ECB funding by 2.57 billion, while the Emergency Liquidity Assistance (ELA) funding rose by 690 million in April. Central Bank funding has
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Marginal net losses of 2 mln for Alpha in Q1
EconomyBankingattributed the lower core income to the calendar effect. The bank benefitted from lower funding costs due to the reduced reliance on the Emergency Liquidity Assistance (ELA) funding, which was offset... a rise of NPEs by 1.2 billion for the whole year. Eurosystem Eurosystem funding was slightly
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