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  1. Newsletter 127 - 14/07/2017

    Newsletters

    in the Emergency Liquidity Assistance (ELA) funding by 2.77 billion. ECB funding increased by 100 million, the first increase since June 2016. Specifically, ELA funding was reduced for the fifth time... has fallen by 41.46 billion, with just over two thirds of this decrease attributed to lower ELA

    7%
  2. Newsletter 131 -15/09/2017

    Newsletters

    by a fall in Emergency Liquidity Assistance (ELA) funding by 3.70 billion euros, the largest drop since... by a fall in ELA funding by 12.81 billion and in ECB funding by 8.51 billion. Since the conclusion... of this decrease attributed to lower ELA funding. The BoG figures also revealed that the banknotes

    7%
  3. Alpha Bank posts net profits of 35.5 mln in Q3, NPEs continue to decline
    Photo by MacroPolis

    EconomyBanking

    Liquidity Assistance (ELA) funding has been reduced by a total of 4.1 billion since Q2 to 7.3 billion... billion in June. They stated that further elimination of ELA would be achieved through a combination... profile improved in Q3 with a further increase in our deposit base and reduction in costly ELA

    7%
  4. Piraeus Bank makes net profit of 12 mln in Q4, edges into profitability for 2017
    Image via www.piraeusbankgroup.com

    EconomyBanking

    (ELA) funding dropped to 5.7 billion at the end of December, while ECB funding fell to 4 billion from 9 billion. Eurosystem funding dropped further in late March 2018, with ELA dropping below 2... to the conclusion of our restructuring plan, the accomplishment of our NPE goals, the full elimination of ELA

    7%
  5. NBG reports full year net profits of 50 million euros from continued operations
    Image via www.nbg.gr

    EconomyBanking

    of ELA related fees. Trading and other income stood at a loss of 30 million in Q4 from a profit of 8..., with zero Emergency Liquidity Assistance (ELA) exposure since late November 2017, assisted... ) funding. Towards the end of March, it was reported that all of Greece’s banks were now off ELA

    7%
  6. Piraeus Bank posts net profit of 44 mln in Q3 from continued operations
    Image via www.piraeusbank.gr

    EconomyBanking

    at 800 million at the end of Q3 2019, down by 2 billion YoY. The bank fully eliminated ELA funding... funding by 200 million euros. Management said that the bank shifted away from ELA funding thanks... of 400 million euro Tier II subordinated bonds in June 2019. Following the elimination of ELA

    7%
  7. Final budget for 2019 excludes pension cuts, includes 910 mln in expansionary measures
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    that have had binding offers while 1.18 billion is envisaged from new projects and bidding rounds

    6%
  8. Banks enter final quarter with high hopes for bad loan reduction while challenges remain

    EconomyBanking

    by the bank. Binding offers for the portfolio are expected before December 16. Alpha Bank also reported last... in Cyprus to doValue Group following an international bidding process. The portfolio in question has

    6%
  9. Airport privatisation set for take-off as more sales head for runway
    Photo by MacroPolis

    EconomyFeatures

    would be considered before moving to the second stage, which involves the consideration of binding... out its share. While this is not expected to impact interest from investors at the bidding stage

    6%
  10. Greece's antitrust damages initiative comes into force
    Photo by Panayotis Tzamaros/Fosphotos

    Legal

    of the competent Greek and EU review courts, are binding before a Greek court trying an action for damages. Final decisions issued in other member states finding an infringement of EU competition law.... It is also noted that decisions of the Greek and EU Competition Authorities finding an infringement

    6%