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Greek Eurosystem funding up by 2.9 bln in March, reaches total of 107.1 bln
EconomyMacroeconomyprimarily involves pillar II bonds (at 47 billion at the end of February) as well as pillar II bonds, T... though that such a decision will not have any impact on pillar II bonds, which would continue being non
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NBG records loss of 2.05 bln in Q4 on one-offs and jump in credit risk provisions
EconomyBankingon NII of around 340 million in 2016, assuming elimination of pillar II bonds, reinstatement... billion to ELA. The breakdown of the latter shows credit claims of 6.3 billion, pillar II bonds of 3.8... and pillar III bonds stand at 1.2 billion each. The management estimates elimination of pillar II
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Piraeus Port Authority announces profit increase for 2015
EconomyBankingII and III increased by approximately 3.6 million. The report also noted that the company fully.... The concession for Piers II and II was consequently awarded to COSCO at 4.3 billion euros
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ECB reinstates waiver in first step towards improving liquidity conditions for Greek banks
EconomyBankingto their participation in the second series of four Targeted Longer-Term Refinancing Operations (TLTRO-II.... The submission of the bids for the first TLTRO-II is due on June 23. Greek banks’ TLTRO-II capacity
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Piraeus Bank’s bottom line turns profitable with 20 mln net profits in Q2
EconomyBankingeuros on the back of lower Greek deposit cost and pillar II costs. Fee income also rose by 8... stands at 5.7 billion. It is worth noting that Piraeus was the first bank to eliminate pillar II bonds... is expanding. Piraeus also noted it participated with 4 billion in ECB TLTRO II in June, of which 2.7
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Alpha Bank reports net losses of 16.8 mln in Q2
EconomyBankingon ELA funding and reduced usage of pillar II bonds, was offset by lower loan NII. The latter reflects... Eurosystem cash buffer rose to 4.3 billion in August from 3.1 billion in March. Pillar II bonds.... The annual benefit from the repayment of pillar II bonds is estimated at 48 million. The ongoing
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Eurobank remains profitable with net profits of 46.2 mln in Q2
EconomyBankingon ELA and pillar II bonds more than offsetting lower loan NII. Net interest margin (NIM) improved... that the burden on NII and fees from pillar II bonds stood at 12 and 10 million respectively in Q2... that reached 6.7 billion in August from around 5 billion in March. In addition, pillar II bonds (nominal
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Eurobank records net profits of 85 mln in Q3, updates on NPE reduction targets
EconomyBankingguarantee (pillar II) expenses. Operating expenses fell 1 percent QoQ to 247.3 million in Q3, while... increased from around 5.5 billion in June to 7.4 billion in November. Pillar II bonds stood at 3... half of 2017. The total pillar II cost amounted to 15 million in Q3, of which 10 million burdened NII
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Eurobank net profits decline by 22.5 pct in 2017, NPE reduction beats target
EconomyBankingand Pillar II utilisation, which offset lower income from loans. On an annual basis, net interest... in Greece, and better market access. As of late October 2017, outstanding Pillar II bonds were eliminated... are pro-forma for the redemption of 950 million euros of preference shares with Tier II bonds
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Piraeus Bank posts net profit of 44 mln in Q3 from continued operations
EconomyBanking, the QoQ increase in the top line has almost absorbed the cost of the new Tier II issue. The new time... of 400 million euro Tier II subordinated bonds in June 2019. Following the elimination of ELA... as of Q3 2019 was 14.4 percent, while pro-forma total capital, including the Tier II issue, came to 15.3
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