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Piraeus Bank posts net loss of 1.56 bln in Q3
EconomyBankingthat the new time deposit rate stands at 180 bps in November suggesting further funding cost... of the targeted cost synergies and 100 percent of funding synergies related to the acquisition of 5 banks... percent in Q3 from 107.9 percent in Q2. Eurosystem funding remained flat QoQ for the second successive
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Voting for brinkmanship while the real economy needs solutions
Agoracreditworthiness will quickly create funding gaps for the Greek state. The default option to subsequently... quality continues to be. In September of this year, the tailwind provided by lower funding costs... in Greece? This special purpose-funding vehicle is an example of sustainable financial innovation
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SYRIZA looking for six-month breather from troika
PoliticsGreek Politics, especially the European Central Bank, in order to overcome the funding and debt obstacles that may... since November Between 12 and 13 billion euros from other funding tools such as securitisations... that state-guaranteed bank bonds, which make up the majority of ECB funding collateral, are not eligible
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S&P puts Greece on watch for downgrade after sizing up new coalition
Economya consensus on the terms and conditions of additional funding, particularly in view of the strong incentives... creditors will conclude with official funding intact and with only limited collateral damage... because official funding has beem curtailed, government borrowing requirements have deteriorated beyond
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After rocky start, some political backing for SYRIZA but ECB holds key
PoliticsGreek Politicsending on February 28, there is a danger that Greek banks could no longer eligible for ECB funding... have turned to the ECB’s Emergency Liquidity Assistance (ELA) for funding. The ECB’s governing... weeks to roll over existing short-term debt but also covering funding needs, given that Varoufakis has
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Alpha Bank net losses rise to 440mln in Q4 2014, NPL ratio at 33 pct
EconomyBanking115 percent in Q3. Eurosystem Eurosystem funding rose to 14.8 billion euros at the end of Q4 from... of 2 billion. The February breakdown showed ELA funding at 17.6 billion and ECB funding at 4.8
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As hopes of April 24 deal fade, differences between Greece and lenders remain
PoliticsGreek Politicsunlock funding will carry over into May. Although some Greek government officials insist a deal... of at least some of the 7.2 billion euros in remaining bailout funding but the institutions insist... not receiver further bailout funding. There is no clear picture on whether the government can continue
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Tsipras steps in amid concern deal with lenders slipping away
PoliticsGreek Politicsthat would secure further bailout funding and solve the government’s growing liquidity problem might... the conditions are in place for funding to be released following the next finance ministers’ gathering on May... bailout funding. An Alco opinion poll for Proto Thema newspaper on Sunday indicated that the majority
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Piraeus Bank brings Q1 2015 losses down to 69 mln
EconomyBankingjumped close to 120 percent in Q1 from 101 percent in Q4. Eurosystem Eurosystem funding climbed from... billion in mid-May. The breakdown of the most updated figure includes ECB funding of 15.1 billion, mostly due to EFSF bonds of 14.4 billion and ELA funding of 18.1 billion. The latter is almost equally
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Encouraging signs for Greek banks in Q1 results but NPL management looms large
Agorastems from a further reduction in their reliance on the Emergency Liquidity Assistance (ELA) funding... be replaced by cheaper ECB funding. This would have a positive impact on banks’ NII of 76 million... of -40 bps versus zero cost for EVB funding entailing a positive impact of 130 million on their NII
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