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National Bank reports 1.15 bln H1 profit on back of 1 bln deferred tax
EconomyBanking. In addition, Eurosystem funding further dropped by 7 billion QoQ to 11 billion at the end of Q2 with zero ELA reliance. Excluding EFSF bonds (related to last year’s capital increase), net ECB exposure... by lower bond NII and higher funding gap cost. Repricing of time deposits, particularly on the backbook
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Eurobank reports net loss of 301.1 mln in Q2
EconomyBankingat 94 percent. Reliance on Eurosystem funding retreated by almost 6 billion euros since March and stood at 10.4 billion at the end of August with zero ELA. The bank’s Common Equity Tier I (CET1) ratio... higher deposit NII on deposit spread improvement by 20 bps and lower funding cost. In contrast, loan
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The bad hand being dealt to Greece's next government
AgoraLiquidity Assistance (ELA) as a precautionary move. While local lenders are in much better shape than..., the option of turning to T-Bill issues to cover short-term funding needs is not currently... as it takes over. Repos near limit The scope for turning to another short-term funding tool, which
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Piraeus Q3 trading update shows significant acceleration in NPL formation
EconomyBanking(ELA) funding slipping by 1 billion to 21.2 billion. The new time deposit rate further fell by 64... a slighter drop by 0.9 percent to 63.3 billion. In contrast to the deposit decline, Eurosystem funding
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NBG reports net losses of 401 mln in Q3, NPL formation accelerates in Greece
EconomyBankingof the Eurosystem funding by 2 billion euros QoQ fully attributed to lower Emergency Liquidity Assistance (ELA) funding. The Common Equity Tier 1 (CET1) ratio remained almost stable QoQ at 9.6 percent
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Newsletter 78 - 17/06/2016
Emergency Liquidity Assistance (ELA) funding. The bank will also apply for the repayment of the 2.03... works projects and allocation of European Union funding owed much to the worn out recipe of his
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Athens relieved as ECB and IMF seem to reach understanding on Greek banks
EconomyBankingand continued reduction in reliance on ELA funding. His comments reflect the concerns in the Greek banking... funding should be made available for the Greek lenders to allow them to deal with the issue of non
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Despite speculation, post-MoU credit line seems unlikely
EconomyProgrammethe more expensive Emergency Liquidity Assistance (ELA). Naturally, this is a scenario that would please... as this would ensure that the Greek banks could continue to access cheap funding from the ECB... outside of Greece. An application from Athens for further stand-by funding would mean the Eurogroup also
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Eurobank sees net profits of 1.1 mln in Q2, NPEs continue to fall
EconomyBanking. Emergency Liquidity Assistance (ELA) funding in particular fell to 3.8 billion in June from 5.7... quarter. Balance Sheet Eurosystem funding declined by 2 billion euros QoQ to 5.1 billion in June
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Eurobank net profits of at 45.1 mln in Q3, NPEs under 40 pct for first time
EconomyBanking. Emergency Liquidity Assistance (ELA) funding in particular fell to 2 billion in September from 3.8... compared to 1.88 in the previous quarter. Balance Sheet Eurosystem funding declined by 1.9 billion euros
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