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National Bank posts losses of 159 mln in Q1 2015
EconomyBankingweaker NII from Turkey (down 12 percent in TL terms) and Greece (-2 percent). The lower Greek NII is attributed to higher Emergency Liquidity Assistance (ELA) funding cost. The Greek deposit spread... terms, LLRs reached 11 billion in Q1. NPLs NBG showed a stable non-performing ratio (NPL) at 24.3
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Greece makes new proposals in search for deal acceptable to lenders and MPs
PoliticsGreek Politics. Even if the ultimatum contained favourable terms, it would be politically difficult for Tsipras to get his lawmakers to accept it in the knowledge that the agreement has been made on lenders’ terms... and the International Monetary Fund creating a major funding hump of around 24 billion euros over the next
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Deposit inflows of 2.65 bln in Dec, highest positive flow since Feb 2013
EconomyMacroeconomyoutflows of 390 million in November, Bank of Greece (BoG) figures showed on Friday. In absolute terms.... In absolute terms, total deposits stood at 140.21 billion in December at similar to September levels... this period. Meanwhile, Greek banks’ Eurosystem funding declined for the sixth straight month by 5.89
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Greek deposits fell by 7.7 bln in Feb and total of 24.6 bln since Dec
EconomyMacroeconomy-financial companies. Another important finding disclosed by Greek banks is that three quarters... funding to 104.25 billion euros, its highest level since January 2013. Almost two thirds of this amount (65.6 billion) relates to ELA funding and the remaining 38.6 billion to ECB funding almost
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Newsletter 25 - 08/05/2015
. During those five years, Greeks have been to hell and back numerous times. Finding themselves... will need to tap additional funding sources in order to meet external obligations of 2.5 billion... in March. An additional funding option for the state relates to a further cut in non-payroll expenses
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Eurogroup leaves Greece in limbo, with liquidity drying up
PoliticsGreek Politicsto make alternative proposals in these policy areas. Beyond Greece and its lenders finding common ground... would be willing to show some flexibility in the way that the 7.2 billion euros in new funding would.... Nevertheless, the source of funding for the payment underlines how pressured the coalition is to come up
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Government hopes offer of tax breaks and grants will spark growth boost
EconomyMacroeconomyof 2.08 euros over the next 10 quarters. Based on this finding and under an optimistic assumption of 11... cost and funding of the business risk. The minimum required amount of investment that would be included... or external funding under the condition that 25 percent of the total investment cost does not include any
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Universities bill expected to pass despite many critics and united opposition
PoliticsGreek Politicspromoted in the bill, and are confident of finding support even in academic and student organisations... in loss of funding for entire programmes, amounting to a “strangulation of tertiary education... will result in a casualisation of academic labour, while the lack of funding will lead lecturers
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Greek gg primary cash surplus at 2.2 bln in 2014, arrears down to 3.75 bln
EconomyMacroeconomythe highest monthly drop in 2014. In absolute terms, arrears fell to 3.75 billion euros at the end.... This change stems from a net decrease in long-terms bonds by 9.7 billion and in T-Bills by 442 million.... This funding source was utilised for the first time in Q1 2014 and relates to intra-government funding
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If it's debt restructuring you're looking for, Regling's not your man
Agoraof additional capital requirements the ESM is capable of receiving very favourable lending terms and very... to the substance of the argument that Greece does not require any significant debt operation thanks to the terms... billion maturing in five years and more. According to the funding operations section of the same
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