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Greek banks' reliance on Eurosystem funding rose in December for first time since April
EconomyMacroeconomy, currently accounting for 87 percent of Eurosystem funding. The cost of ELA funding is circa 175-200 basis points over the respective ECB funding cost and had burdened Greek banks’ net interest income... in the Eurosystem funding cost by around 180 million euros. Greek banks should reduce Eurosystem funding
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Eurosystem funding for Greek banks eases by 2.18 bln in January
EconomyMacroeconomycritical factor is the cost of ELA funding, which stands circa 175-200 basis points over the respective ECB funding cost and had burdened Greek banks’ net interest income (NII) in the second half... to lead to a reduction in the Eurosystem funding cost by around 180 million euros on an annualised basis
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Greek banks' Eurosystem funding down for second month in a row in Feb
EconomyMacroeconomylevel since its launch in August 2011. The cost of ELA funding, which stands circa 175-200 basis points over the respective ECB funding cost, had burdened Greek banks’ net interest income (NII... to a reduction in the Eurosystem funding cost by around 180 million euros on an annualised basis
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Greek banks' Eurosystem funding falls for third straight month, at lowest since Feb 2010
EconomyMacroeconomyliquidity. The cost of ELA funding, at 175-200 basis points over the respective ECB funding cost, had.... This is expected to trim Eurosystem funding cost by 160-180 million euros on an annualised basis. Latest
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21,717,120,000
Agorafull capital amount following the transfer of five installments since the end of 2012. The cost.... The German taxpayer did not have to bear any cost for this transaction. Subsequently, the European... deficit for a third of the cost than it did before the crisis broke out. The findings of studies by German
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Greece lays out plans for debt relief from eurozone
EconomyProgrammeby 15 years c) Deferral of interest payments on EFSF loans by 10 years As a result, the cost of GLF was reduced to Euribor plus 50 bps and currently stands at 0.84 percent. The cost of EFSF loans... and EFSF loans being effectively provided at cost, the focus is going to fall on the loans from Greece’s
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Eurobank records net loss of 207.4 mln in Q1
EconomyBanking, which fell 13 percent to 267 million and reflect cost savings related to the implementation of a voluntary retirement scheme and synergies with the two merged banks. The bank targets total cost savings... in Q4. Following a drop by 26 percent QoQ in impairment losses to 479 million, the cost of risk (loan
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National Bank starts 2014 posting net profit of 181 mln in Q1
EconomyBankingincome at 438 million in Q1 is mainly driven by cost cutting (down 10 percent), while revenues improved... dropped 10 percent YoY and 21 percent QoQ to 506 million, mainly due double-digit cost containment... million resulted in a 14 bps QoQ reduction in cost of risk (loan provisions to loans) to 2.36 percent
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How Greek banks moved into a new era
Agorapressure on net interest income (NII), ongoing deleveraging, deposit re-pricing, further cost... deposit rates, will be the key driver for a rebound in the NII within the year. On the cost front... of voluntary retirement schemes will also result in further cost containment, which is expected
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EU Task Force sees progress on reforms and structural funds in Greece
EconomyProgrammeon issues related to product market reforms including actions concerning SMEs. The cost and time... for clearance and cost reductions of 20 – 50 percent in the past 6 months. In addition, the Greek authorities... further decreased the cost of starting up a business and the taxes for transferring property
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