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Results 361 to 370 out of 2013. RSS

  1. Piraeus Bank reports net profit of 164.3 mln in Q2
    Photo by MacroPolis

    EconomyBanking

    funding 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... by 1 percent QoQ, cost of risk remained flat at 2.6 percent. Cumulative provisions (LLRs) improved

    5%

  2. Alpha Bank nine-month profits at 110.3 mln, NPL ratio at 33.6 pct
    Photo by MacroPolis

    EconomyBanking

    percent QoQ to 491 million euros, reflects higher deposit NII and lower funding cost more than... with lower Eurosystem funding cost has resulted in an annualised benefit of 400 million from... reflecting a one-off cost of 195 million related to the voluntary separation scheme (VSS). The bank

    5%

  3. Greek banks set for early ELA return in apparent precautionary move
    Bank of Greece

    Economy

    . Responsibility for the provision of ELA lies with the NCB, which means that the cost of, and the risk from, the provision of ELA are incurred by the BoG. The cost of ELA funding is 150 bps over ECB main..., are eligible for ELA funding. Based on September’s figures, this would correspond to an additional funding cost

    5%

  4. Eurobank posts loss of 523.7 mln in Q4 2014
    Photo by MacroPolis

    EconomyBanking

    deposit cost, while loan NII slightly eased. It is noteworthy that Greek NII improved QoQ for the seventh... primarily led by an 8 bps improvement in the Greek NIM. The lower deposit cost mainly stems from... mark for 2015. Loan loss provisions increased by 26.1 percent QoQ to 742 million with the cost

    5%

  5. Here's why Greece's fiscal difficulties will dominate the agenda

    EconomyProgramme

    with a net cost of 2 billion euros. As later clarified by senior SYRIZA officials, the net cost... with a total cost for the 9-month period of 2015 at 22.1 million. c) Rent allowance for up... for the 9-month period of 2015. According to the General Accounting Office, the total cost of those

    5%

  6. Alpha Bank net losses rise to 440mln in Q4 2014, NPL ratio at 33 pct
    Photo by MacroPolis

    EconomyBanking

    interest income (NII) improved by 0.8 percent QoQ to 495.3 million on lower deposit cost primarily... million the reported figure landed at 1.65 billion. In Q3, the bank booked a one-off cost of 195 million related to the voluntary separation scheme (VSS) for 2,208 employees with an estimated cost saving

    5%

  7. Piraeus Bank net losses at 332 mln in Q4 2014, NPLs drop under 39 pct
    Photo by MacroPolis

    EconomyBanking

    expenses is largely owed to a one-off cost of 66 million related to the implementation of a voluntary... by 41 percent to 803 branches. At the end of 2014, that bank realised 88 percent of the targeted cost... corresponding to a cost of risk of 2.85 percent. For the whole year, cost of risk stood at 5 percent

    5%

  8. Court ruling on pension cuts could create new problem in talks, fiscal plans
    Photo by MacroPolis

    EconomyProgramme

    that pensions had already been cut before they were reduced further in 2012. The cost of such a decision... monthly installments, with the cost of 415 million (half of the nominal 829 million) burdening the 2014... for pensions below the 700-euro limit. The government estimates that the cost of the partial reintroduction

    5%

  9. Draft bill sees millions in savings and revenues from variety of bailout interventions

    EconomyProgramme

    the draft bill provides some details about the anticipated revenues and cost savings from the prior actions. In particular: Social security funds are expected to have cost savings from changes... of non-wage subsidies is seen resulting in annual cost savings of 22 million. 8) Annual cost of 8.1

    5%

  10. Sharp increase for Greek bank provisions in Q2 due to capital shortfall highlighted by ECB

    EconomyBanking

    cost more than offsetting the increased wholesale funding cost, particularly in Q2, due to the higher... on the back of lower deposit cost, leading core PPI (excluding one-off items) up 1.1 percent QoQ... more than offsetting the lower time deposit cost. Gross loans slipped 1 percent QoQ to 73.28 billion

    5%