Search
-
Newsletter 461 - 09/05/2025
programme, which was financed by bilateral loans with eurozone member states. These loans, known... the Tempe issue topped the political and media agendas. Alco’s findings suggest that support for ND
8% -
Does Greece need a third programme?
Agora. In order to promote Greek export capacity, arrangements at the bilateral and/or European level.... A targeted implementation of European funding programmes and technical assistance laying... lines for the country. Instead, it advocates strengthening synergies between different funding
8% -
Rising bond yields a concern, but not an immediate fiscal problem
Economyfrom the Greek Loan Facility (GLF), which consists of the bilateral loans from the first adjustment... the most favourable funding conditions in its history. In 2021, Greece completed seven international.... Funding costs were at historic lows, with the 5-year reopening in last September reaching as low as 0.02
8% -
Alpha Bank posts loss of 94.1 mln in Q1
EconomyBankingend of the market. Like Eurobank and National, Alpha eliminated its ELA funding in May, while... loan 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
8% -
Alpha Bank reports H1 profits of 267.4 mln on one-off item
EconomyBankingthat Alpha and the other three systemic banks have eliminated ELA funding since May. The bank’s Basel III.... 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
8% -
Deposit inflows of 1.07 bln in June, highest in first half of 2016
EconomyMacroeconomy. Meanwhile, the reliance of Greek banks on Eurosystem funding notably dropped by 8.57 billion euros to 87.14 billion in June, reflecting of a sharp fall in ELA funding by 10.44 billion, while ECB funding rose by 1.87 billion. The reduced central bank funding in June mainly results from
8% -
Piraeus Bank posts net profits of 31 mln in Q3, records improved asset quality trends
EconomyBankingmillion. The NII increase mostly reflects lower funding cost due to reduced reliance on Emergency Liquidity Assistance (ELA) funding and repo cost at negative rate, which more than offset the negative... single-digit NII growth going forward, on the back of lower deposit cost, positive impact on funding
8% -
Moody’s changes outlook for Greek banks from negative to stable
EconomyBankingtheir reliance on the Emergency Liquidity Assistance (ELA) funding, Greek banks are expected to continue... on the back of improving profitability and funding, which are expected to normalise from a very weak..., largely due to significantly lower impairment losses, reduced funding costs and contained operating
8% -
Alpha Bank posts net profits of 4.7 mln in Q3
EconomyBankingeliminated Emergency Liquidity Assistance (ELA) in February 2019. The current amount for Eurosystem funding is made up fully of European Central Bank funding. As of Q3, ECB funding fell by 900 million euros... the bank’s bond portfolio were partly counterbalanced by the lower wholesale funding costs. The Net
8% -
Wage ruling gives gov't immediate fiscal headache, political one may come later
PoliticsGreek Politicson wage maturities If this proves to be correct, the government faces a challenge in finding... program review being carried out by the troika. It has struggled to reach this amount so finding... the impact that wage cuts would have on the party’s popularity. However, finding new savings could
8%