Search
-
NBG profits narrow to 208 mln in Q1
EconomyBanking, unchanged from last year. The significantly lower funding terms under TLTRO III, coupled with the repricing of time deposits, led to an improvement of the bank’s blended funding cost to -2 basis points
2% -
Concerns about RRF growing as deadlines loom
PoliticsGreek PoliticsThere are growing concerns about whether the Greek government can keep up with the pace necessary to ensure the release of EU funding from the Recovery and Resilience Facility (RRF) for a wide range... funding via major public works projects, SMEs will also be able to tap the EU resources via a number
2% -
Piraeus Bank reports 614 mln profit in H1 after NPE de-risking drive in 2021
EconomyBankingpercent. Eurosystem funding stood at 14.5 billion euros, which corresponds to the complete utilisation of the ECB’s targeted long-term refinancing operations (TLTRO III) funding. Net loans came
2% -
Piraeus reports 729 mln profit as cost of balance sheet clean-up drops by 3.5 bln
EconomyBankingbillion in H1. The liquidity coverage ratio stood at 192 percent. Eurosystem funding stood at 14.4... operations (TLTRO III) funding. Net loans came to 36 billion euros, with loans comprising 44 pct
2% -
Athens offers continued, but limited support to Ukraine, while seeking balance with China
PoliticsForeign Policywere taken regarding the funding of military support for Ukraine. There were pledges on behalf... funding, according to a relevant government decision. Additionally, the Greek Navy will assist
2% -
Greece aiming to agree updated migration deal with Turkey
PoliticsForeign Policywill seek further EU funding. Following the elections in his country earlier this year, Erdogan has... as additional funding. The agreement has so far financed 6 billion euros, but the EU could add an additional 3
2% -
State braces for losses as bank divestment plan is put into action
EconomyBankinglenders went through three main rounds of recapitalisation, the first used state funding via resources... in 2013, HFSF also allocated 13.5 billion to cover the funding gap of banks under liquidation
2% -
Benefits of investment grade starting to become visible
Economybuffer is ESM funding that is only for specific purposes under certain conditions. One option being explored is to use the cheap ESM funding for the repayment of a good chunk of the GLF loans, currently
2% -
IMF's Article IV consultation notes progress, reiterates low long-term growth outlook
EconomyMacroeconomybut remain persistent in services due to wage growth. As RRF funding expires, GDP growth may slow... of around 2.5 pct of GDP in 2025. Improving expenditure efficiency is essential to ensure adequate funding
2% -
Water shortages a growing concern as government warns bills could increase
PoliticsGreek Politicsacknowledged that more funding was needed urgently for repairs and upgrades to the water distribution..., “so that our children and the next generations do not have to confront the problem again”. Funding
2%