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Alpha Bank posts net profits of 59.4 mln in Q2, NPE sales worth 3.7 bln planned for remainder of year
EconomyBankingand wholesale funding costs, management said. The Net Interest Margin (NIM) was also stable QoQ at 2.5 percent... for Eurosystem funding is made up fully of European Central Bank funding. As of Q2, ECB funding rose by 1 billion euros QoQ to 4.1 billion euros. The funding is supported mainly by the increase of the bank’s ECB
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Newsletter 224 -18/10/2019
the aggregate PIB balance landed on a deficit of 777 million euros. Eurosystem funding down by 699.8 mln... funding declined by a total of 4.72 billion euros. Greek banks’ Eurosystem funding fell by 699.8... statement. The total for central bank funding comes to 7.51 billion, fully reflecting a drop of 700
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Alpha Bank posts net profits of 97.1 mln in 2019
EconomyBankingdisbursements at the end of Q3, lower wholesale funding costs and increased income from investments which.... The current amount for Eurosystem funding is made up fully of European Central Bank funding. As at the end of Q4, funding came to 3.1 billion, composed fully of TLTRO funding from the ECB, while the open
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RRF proposals and Pissarides report chart direction of travel for post-pandemic Greece
PoliticsGreek Politicsstates for the six-year funding programme. Greece qualifies for just under 32 billion euros of funding... for funding. These include a major programme for the energy upgrade of buildings, the connection... of funding. The specific conditions set out the RRF will provide a mechanism to channel funding directly
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Government adamant snap polls are not under consideration
PoliticsGreek Politicsfunding has declined significantly since 2012 because its share of the vote in the national elections has fallen dramatically. Greek parties receive state funding based on their share of votes in the previous elections, representation in Parliament and participation in elections. This funding is drawn
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Alpha Bank posts loss of 94.1 mln in Q1
EconomyBankingloan NII mainly due to deleveraging offset by lower deposit expense and funding cost. Deposit repricing coupled with lower Eurosytem funding cost is expected to have a positive impact of circa 350... end of the market. Like Eurobank and National, Alpha eliminated its ELA funding in May, while
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Alpha Bank reports H1 profits of 267.4 mln on one-off item
EconomyBanking. The slight improvement mainly reflects higher deposit NII and lower funding cost, which more than offset... in deposit spread (by 9 bps) and further reduction in Central Bank funding balances and cost. Going forward... funding fell by 2.5 billion euros QoQ to 13.2 billion corresponding to 14 percent of assets. Note
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Finance Ministry challenges SYRIZA's plans for economy, ups cost
Economybillion. Revenues Another major issue highlighted by the MoF involves the funding of SYRIZA’s measures... that tackling tax evasion requires a long time to bear fruit, while the other funding sources identified by SYRIZA are not realistic. The government argues this would create an imminent funding gap that would
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Greek gg primary cash surplus at 2.2 bln in 2014, arrears down to 3.75 bln
EconomyMacroeconomy. This funding source was utilised for the first time in Q1 2014 and relates to intra-government funding... Greek banks’ zero reliance on ELA funding as of May. However, this figure is expected to rise again... by the Hellenic Republic as collaterals for ECB funding as of February 11. The breakdown of guarantees
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S&P acts in wake of ECB decision and downgrades Greek rating to B-
Economyto switch their ECB funding to ELA, although the continuity of ELA funding to Greek banks, including... lenders will conclude, with sufficient official funding flows to meet financial obligations. However, S&P could lower its rating on Greece if it perceives that official funding has been curtailed
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