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One-off loss affects NBG’s P&L, NPE stock drops by 900 mln in Q2
EconomyBankingmillion, mainly reflecting lower costs related to pillar II bonds. Net interest income (NII) edged up 1... associated with pillar II bonds. The bank’s non-core income though, despite a one-off gain of 35... billion repo-placed with the market over the past five months, while has eliminated pillar II bonds
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Signs of optimism in Greek banks' Q2 results but NPL challenge lies ahead
Agoraof pillar II bonds. The cash value of the latter more than halved to 4.9 billion euros recently from 10 billion three months ago. In specific, Piraeus and NBG have eliminated their exposure in pillar II... the repayment of pillar II bonds would reach 48 million, the pillar II burden on Eurobank Q2 results
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Fighting fake news is a "to be or not to be" battle
Agoraof this old phenomenon, which now emerges in a new form, which can be also analyzed in North Macedonia... and the sensationalism, and this is confirmed by the statistics of analyzed complaints received by the Council
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What are the implications of the ECB's decision for Greek banks?
Economy, state-guaranteed bank bonds (pillar II) would not be ECB-eligible as of March 1. The cash value of those... are pillar III bonds, Greek government bonds (GGB) and T-Bills. For the first two categories, the total amount is less than 10 billion, around 4-5 billion for pillar III and close to 5 billion for GGBs. Until
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Greece prepares set of proposals for bridging deal with eurozone
PoliticsGreek Politics. The first pillar of either agreement, involves pledges for implementation of 70 percent of structural.... The second pillar relates to a downward adjustment of the primary surplus targets from the 3 percent.... The third pillar is based on a debt relief plan, most likely in the form of debt swaps. According
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What the ECB's latest decision on ELA and collateral haircuts means for Greek banks
Economyguarantees (pillar II and III), Greek government bonds (GGBs), T-Bills, covered bonds, securitizations... percent, on covered bonds close to 30 percent, on pillar II and III bonds slightly below 20 percent and on T-Bills at a high-single-digit figure. Pillar II bonds and loans made up around three quartets
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Net profit of 87 mln for NBG in Q1
EconomyBanking) rose 21 percent quarter on quarter (QoQ), mainly reflecting lower costs related to pillar II bonds... pillar II costs, fees fell 3 percent QoQ to 73 million euros, while fee expenses related to pillar II... at 27.1 billion euros in May entailing undrawn liquidity of 6.4 billion. It is worth noting that pillar
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Greek leaders' contrasting visions all a blur
Agorareference by a New Democracy MP to the three-pillar pension system the party wants to introduce having... dictator aside, the three-pillar system is now used in many countries, European states included... a three-pillar system that was reformed in 2017 and the transition period for the first pillar was set
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Greece scores low on index for skills development, activation and matching
Societycountries with an overall ESI rating of 23 percent out of 100. For the Skills Development pillar... only strong performance in this pillar came from the “Pre-primary pupil-to-teacher ratio” where... Activation pillar, Greece placed at number 24 with low participation rates for the young. Both “Activity
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Greek banks: Taking stock of a rough 2015 and looking at what lies ahead
Agorato guide for reducing or even eliminating use of pillar II bonds in the course of 2016..., with pillar II bonds next at 15.4 billion, while Greek government bonds and T-Bills as well... the Greek market. However, they saw inflows of around 4.4 billion in Q4. Meanwhile, the time deposit
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