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Eurogroup marks end of cycle and squaring of circle for Greece
Agoracommitted close to 231 billion in loans to Greece: 52.9 billion in bilateral loans during the first... suggests available ESM funding for the cash buffer at 10.2 billion euros and unused ESM funds at 27.4 billion euros. The combination of ESM funding, Greece’s own bond issues, revenues from
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Welcome to Berlin: Mitsotakis meets Merkel
Agoradecade in the bilateral relationship of both countries. Mitsotakis will therefore have his work cut out... concerns increasing funding for public investment projects earmarked through the European Commission... hand-in-hand with the urgent improvement of such a track record of EU funding absorption levels
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Newsletter 406 - 15/12/2023
a fiscal benefit as the bilateral loans have variable rates and have become costly. The positive... buffer 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
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Benefits of investment grade starting to become visible
Economya fiscal benefit as the bilateral loans have variable rates and have become costly. The positive... buffer 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
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Prospect of US involvement jump-starts Greece-Cyprus power link
PoliticsGreek Politicsemanating from the bilateral meetings that Greece and Cyprus plan to press for greater alignment... of direct involvement by the US in funding infrastructure development. Reports say the prospect..., is behind the proposed change of terms for the project, which faces a funding shortfall in the region
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Piraeus Bank net losses at 332 mln in Q4 2014, NPLs drop under 39 pct
EconomyBankingshowed ELA funding at 14.5 billion and ECB funding at 14.7 billion, almost entirely made up by 14 billion... synergies and 100 percent of funding synergies related to the acquisition of 5 banks (ATEbank, 3... contraction. Eurosystem Eurosystem funding increased by 3 billion euros QoQ to 14.1 billion at the end
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Eurobank posts net profits of 38 mln in Q4 and 230 mln in 2016
EconomyBankingAssistance (ELA) funding. At the same time, interbank repos fell to 6.5 billion in March from a recent high... in Q4, reflecting weaker lending NII almost offset by lower funding cost related to Eurosystem funding, pillar II bonds and deposits. For the whole year, NII increased by 5.8 percent largely due
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Piraeus Bank records net losses of 6 mln in Q1, further reduction in NPE stock
EconomyBankingfor the whole year. Balance Sheet Eurosystem funding fell by 5.4 billion QoQ to 15.5 billion in Q1, largely due to a cut in ECB funding by 4.5 billion. Emergency Liquidity Assistance (ELA) funding...) contracted by 3 percent QoQ to 440 million, as the positive impact from lower funding cost
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Alpha Bank remains profitable in Q2, NPEs reduced further
EconomyBankingLiquidity Assistance (ELA) funding has been reduced by a total of 3.1 billion since March to 9.1...), higher bond income and lower funding cost, which outweighed a slight drop in loan and deposit income.... Provisions are seen close to 1 billion in 2017. Balance Sheet Eurosystem funding fell by 2 billion
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Alpha Bank posts net profits of 59.4 mln in Q2, NPE sales worth 3.7 bln planned for remainder of year
EconomyBankingfully eliminated Emergency Liquidity Assistance (ELA) in February 2019. The current amount for Eurosystem funding is made up fully of European Central Bank funding. As of Q2, ECB funding rose by 1... and wholesale funding costs, management said. The Net Interest Margin (NIM) was also stable QoQ at 2.5 percent
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